Molesworth Road, Stoke, Plymouth, Devon, PL1
South West
£320,000
Listed on 13/10/2026
Listed on 13/10/2026
The listing
Property details
Bedrooms
4Type
TerracedArea
1861 sqftFeatures
- Garden
Description
This freehold property is arranged as three self-contained homes: a garden-level flat with its own entrance, a ground-floor studio and a two-bedroom duplex over the upper floors. The listing states that each unit can access the rear garden through a hall at garden-flat level. The accommodation is described as four bedrooms in total.
The freehold is held across two titles, which may offer flexibility for ownership and management, subject to legal review. The rear area is also identified as having potential for off-street parking, subject to planning permission and any other required consents. The property is offered as an existing multi-unit residential investment with scope to consider future improvements.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
78out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £320,000, this freehold terrace is priced at about £172/sq ft, around 28% below the local average—a strong entry point for a property with three self-contained units across two titles and existing income potential. The photographed rooms look usable, with older finishes offering scope for a light cosmetic refresh; the rear garden could also be improved, while the listing notes possible off-street parking subject to the necessary consents.
The asking price plus the stated renovation midpoint totals £331,500, compared with an implied local-average value of about £442,825. That is a useful value indicator, not a GDV or a guaranteed resale figure, and excludes stamp duty and fees. Overall, the combination of a below-average price per square foot, multiple units and manageable visible works makes this a good opportunity.
Key opportunities
- Three self-contained units provide existing income potential, with freehold ownership across two titles offering flexibility for asset management.
- Refresh the dated finishes in the photographed living areas, kitchens and bathrooms while retaining the usable accommodation.
- Improve the paved rear garden and ageing sheds; possible rear off-street parking is noted, subject to planning permission and other consents.
Key risks
None recorded.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,209
Based on a loan of £240,000 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.
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