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North Road East, Plymouth, Devon

South West

£450,000

Listed on 30/06/2026

Property details

Bedrooms
11
Type
Terraced
Area
3369 sqft

Description

This substantial property, located right in the vibrant student district of the city, presents an exceptional opportunity for developers and investors. Currently designated for Commercial Class C2 use, it offers significant potential for redevelopment or conversion into self-contained apartments or a premium House in Multiple Occupation (HMO), especially given its proximity to the university campus. The building spans four floors and features 11 bedrooms, 4 living rooms, 4 kitchens, and 4 bathrooms. Its well-maintained state means that refurbishment costs could be kept to a minimum, resulting in potentially quicker returns on investment as you capitalize on the high demand from both students and professionals looking for rental accommodation. With the existing layout supporting various residential strategies, this property not only benefits from its excellent condition but also from its strategic location, making it a rare find in today’s market. Viewing is highly encouraged to fully grasp the versatility and remarkable potential this city-centre property holds.

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Investment analysis

(PL4 area)

Below Market Value

This property is priced -32.8% below area average per sq ft

-32.8%
Potential saving
This Property
£134/sq ft
Area Average
£199/sq ft
Avg Rent (weekly)
£174
Avg Yield
4.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£736,733
10% above area average per sq ft
Potential ROI
+36.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PL4)

Area prices are stable by -0.1% over the last 12 months
3 year growth: +8.9%
5 year growth: +14.7%
Investment Disclaimer: Analysis based on PL4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

North Road East, Plymouth, Devon
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,700
Based on a loan of £337,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

Next Steps

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