Third Avenue, Plymouth, PL1
South West
£180,000
Listed on 27/10/2026
Listed on 27/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
1077 sqftFeatures
- Balcony
- Garden
Description
This Victorian terraced property is arranged as two self-contained one-bedroom flats, with the freehold title included and vacant possession. Each flat has a living room, double bedroom, kitchen and bathroom. The ground-floor flat also opens onto an enclosed rear courtyard, while the upper flat has access to a balcony. The building is described as retaining the footprint of a three-bedroom house, with reconversion to a single dwelling subject to the necessary permissions. The property requires cosmetic updating and modernisation, offering scope to refresh the existing two-unit layout or investigate the alternative single-home arrangement. On-street parking is available at the front. The location provides access to Plymouth City Centre, Devonport Railway Station, local schools, parks and bus routes. There is no onward chain.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
70out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £180,000, this three-bedroom Victorian terrace is priced well below the local average at £167/sq ft versus £238, making the asking price a clear opportunity. Its unusual two-flat layout, freehold title and vacant possession give buyers a choice: refresh the flats as separate homes or explore reconversion to a single family house, subject to the necessary permissions.
There is a medium-scale modernisation project here, with dated finishes, worn flooring and marked or stained surfaces across several areas. Period fireplaces and decorative ceiling details, plus a balcony and rear courtyard, provide character and useful features to work with. The visible staining should be investigated as part of planning the refresh; the roof is not clear enough in the available views to assess.
Key opportunities
- The two-flat arrangement and included freehold offer flexibility to refurbish as separate units or explore reconversion to a single home, subject to necessary permissions.
- Refresh the dated interiors, including worn flooring and marked finishes, while retaining and highlighting the period fireplaces and decorative ceiling details.
- Make use of the balcony and enclosed rear courtyard as outdoor features.
Key risks
- Visible ceiling staining and wall damage in several areas need investigation to establish their cause and the extent of making good.
- The roof is not clear enough in the available street views for a close condition assessment.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£680
Based on a loan of £135,000 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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