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St. Barnabas Terrace, Millbridge, Plymouth PL1 - Image 1
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St. Barnabas Terrace, Millbridge, Plymouth PL1

South West

£150,000
Listed on 25/09/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
829 sqft

Description

This three-bedroom semi-detached home is positioned in a highly regarded area, providing an excellent opportunity for individuals looking to invest in a property that requires complete modernization and refurbishment. With the current layout serving as a blank canvas, the potential for enhancing its value through thoughtful renovations is substantial. The property backs directly onto the scenic Victoria Park, making it an attractive option for families who appreciate green space. Local amenities are conveniently located nearby, including respected schools and shops. The vibrant Stoke Village shopping area is easily accessible, while Plymouth’s bustling city center, historic Barbican, and the picturesque Hoe are just three miles away, striking a fine balance between urban convenience and leisurely living. Inside, the ground floor comprises a lounge, a separate dining room, and a kitchen. On the first floor, you'll find three bedrooms along with a bathroom. There is also off-road parking available to the side of the property—a valuable feature in this neighborhood—and ample outdoor space that could be landscaped or expanded upon (subject to obtaining necessary planning permissions). This property presents an ideal venture for investors or renovators seeking a promising project in a desirable location. Viewing is recommended to fully grasp the transformative potential this home holds.

Investment Analysis

(PL1 area)

Below Market Value

This property is priced -21.6% below area average per sq ft

-21.6%
Potential saving
This Property
£181/sq ft
Area Average
£231/sq ft
Avg Rent (weekly)
£226
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£15,000 - £37,500
10-25% of property value
Target Value
£210,375
10% above area average per sq ft
Potential ROI
+12.2%
After renovation
Monthly Sales
19
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (PL1)

Area prices are rising by +12.7% over the last 12 months
3 year growth: 6.9%
5 year growth: 8.8%
Investment Disclaimer: Analysis based on PL1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

St. Barnabas Terrace, Millbridge, Plymouth PL1
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