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Charlotte Street, Morice Town, Plymouth PL2

South West

£62,500

Listed on 09/06/2026

Property Details

Bedrooms
1
Type
Flat

Description

This ground floor flat presents an excellent opportunity for prospective homeowners or investors looking to make their mark in the property market. The space comprises a living room, one bedroom, a kitchen, and a shower room, all of which require modernisation to realise their full potential. Key features include central heating and double glazing for comfort and energy efficiency. The property is sold with no onward chain, making it an attractive option for those ready to embark on their renovation journey. Access is through a communal front door leading into a shared hallway with steps that guide you to a parking area, alongside private access to this flat. The living room is connected to the kitchen via a sliding door, creating an open flow that can be enhanced with thoughtful design. The shower room is equipped with essential fixtures but could benefit from contemporary updates to maximise its functionality and appeal. The kitchen contains a good assortment of base and eye level units along with necessary appliances, offering layout possibilities that could elevate the cooking experience. The bedroom boasts a peaceful rear view, providing ample opportunity for personalisation. Outside, off-road parking is available on a first-come-first-served basis. With 199 years remaining on the lease starting from 2016 and low annual maintenance fees of approximately £260 per year, this property stands as a promising investment or first-time purchase. Additionally, there’s an upcoming cost related to the replacement of the fire escape that needs consideration within your renovation budget.

Investment Analysis

(PL2 area)
Area Average
£218/sq ft
Avg Rent (weekly)
£200
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (PL2)

Area prices are stable by +0.4% over the last 12 months
3 year growth: +0.5%
5 year growth: +16.6%
Investment Disclaimer: Analysis based on PL2 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

Charlotte Street, Morice Town, Plymouth PL2
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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
£236
Based on a loan of £46,875 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

Price History

-10.7% since listed
£62,500£7,500(-10.7%)
29/12/2024
Current price
£70,000Initial listing
13/09/2024

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