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Higher Compton, Plymouth

South West

£395,000

Listed on 21/07/2026

Property details

Bedrooms
N/A
Type
Plot

Description

This property presents a unique opportunity to secure a prime development site with granted planning permission for four architect-designed detached homes, each featuring four bedrooms along with a private garage and expansive gardens. Located in the established residential area of Compton, this site is bordered by woodland and open fields, offering an attractive environment for future homeowners. The approval for six three-bedroom semi-detached houses further enhances its potential, and notably, this previous consent does not incur any Community Infrastructure Levy (CIL), allowing for significant cost savings. All essential services have been installed, and drainage systems are already in place, making it ready for immediate development. With access to local amenities and ease of transport to Plymouth city centre and the A38 Devon Expressway, this site represents an excellent investment opportunity with substantial development flexibility.

Investment analysis

(PL3 area)
Area Average
£249/sq ft
Avg Rent (weekly)
£246
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (PL3)

Area prices are stable by +1.9% over the last 12 months
3 year growth: +7.0%
5 year growth: +13.4%
Investment Disclaimer: Analysis based on PL3 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

Higher Compton, Plymouth
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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
£1,492
Based on a loan of £296,250 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

This calculation uses non-residential (land/commercial) tax rates.

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