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Frewin Gardens, Southway PL6

South West

£160,000
Listed on 08/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
614 sqft

Description

This two-bedroom mid-terraced house presents a solid opportunity for renovation, located in a sought-after area in the northern part of the city. The property features off-road parking, a rare find in this locale, along with a south-facing rear garden that offers potential for outdoor enhancements or landscaping. The home acts as a blank slate for prospective buyers looking to infuse their personal style through updates and modernization. It already includes essential elements such as double glazing and central heating, which provide a foundational level of comfort while you plan your improvements. Conveniently situated near key amenities, the property is close to Derriford Hospital and The George Park and Ride, making it appealing for both homeowners and investors interested in rental potential. The access to the A38 via Tavistock Road enhances its location further, appealing to commuters as well. Inside, you'll find a practical layout starting with the kitchen which includes ample storage options and space for your desired appliances. The lounge is generously sized, featuring sliding patio doors that lead directly to the rear garden—ideal for entertaining or relaxation. Upstairs are two well-proportioned bedrooms; one overlooks Goodwin Park providing additional privacy and green views. The shower room is functional but could be updated to reflect contemporary tastes. Built-in storage on the landing adds to convenience while housing the wall-mounted boiler. Outside, the enclosed garden primarily composed of lawn offers an inviting space for gardening projects or play areas while the off-road parking at the front ensures ease of access. With all services connected, this property stands ready for transformation into a comfortable home or an attractive rental investment. Viewing can be arranged by appointment through Swift Estate Agents.

Investment Analysis

(PL6 area)

Below Market Value

This property is priced -6.0% below area average per sq ft

-6.0%
Potential saving
This Property
£261/sq ft
Area Average
£277/sq ft
Avg Rent (weekly)
£291
Avg Yield
5.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£8,000 - £12,000
Target Value
£187,187
10% above area average per sq ft
Potential ROI
+8.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (PL6)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 0.8%
5 year growth: 26.1%
Investment Disclaimer: Analysis based on PL6 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

Frewin Gardens, Southway PL6
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE