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Redhill Close, Ernesettle PL5 - Image 1
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Redhill Close, Ernesettle PL5

South West

£160,000
Listed on 01/12/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom residence represents a noteworthy renovation project, offering ample internal space and delightful gardens ripe for enhancement. Positioned within the community-oriented Ernesettle area of Plymouth, the property is within reach of local amenities and green spaces, making it appealing for families and investors alike. The home features a private pathway leading through a terraced front garden that introduces the living space beyond. Upon entry, a central hallway connects to the main ground floor rooms and the staircase leading upstairs. At the rear, the kitchen offers a view of the southwest-facing garden and includes a range of units with untapped potential for modernisation. This area leads into a sizeable utility/workshop that provides direct access to the outdoor space and further opportunities for reconfiguration. The lounge-diner spans the full depth of the house, benefitting from natural light through dual-aspect windows and providing versatility for both dining and relaxation. Two generously proportioned double bedrooms are located on the first floor, alongside a bathroom that presents an opportunity for contemporary updates. Externally, both front and rear gardens require minimal upkeep but possess significant potential for improvement. The sunny rear garden is ideally suited for entertaining once enhanced. Overall, this property is an excellent candidate for those looking to invest in a home where they can apply their style while increasing its value significantly through thoughtful renovations.

Investment Analysis

(PL5 area)
Area Average
£236/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
84%
Properties sold annually

Local Market Trend (PL5)

Area prices are rising by +5.0% over the last 12 months
3 year growth: +6.8%
5 year growth: +26.6%
Investment Disclaimer: Analysis based on PL5 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

Redhill Close, Ernesettle PL5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£577
Based on a loan of £120,000 over 30 years at 4.06% 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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