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St. Marys Close, Plymouth PL7

South West

£110,000
Listed on 13/04/2026

Property Details

Bedrooms
1
Type
Flat
Area
404 sqft

Description

This one-bedroom ground floor flat presents a compelling investment opportunity for those looking to make their mark. The property is in need of comprehensive updating, enabling buyers to craft a personalized living space that aligns with their vision. Ideally located in Plympton, it offers easy access to local conveniences such as shops and parks, enhancing its appeal for prospective residents or renters. A significant advantage is the lease extension to 999 years upon completion, providing long-term security for future owners. This flat features a well-proportioned lounge and kitchen area, along with an electric heater and double-glazed windows which could be modernized. The bathroom includes essential fixtures but requires attention to bring it up to contemporary standards. With the added benefit of allocated parking and no chain complications, this property stands as a valuable option for buyers seeking potential in the residential market.

Investment Analysis

(PL7 area)

Below Market Value

This property is priced -9.7% below area average per sq ft

-9.7%
Potential saving
This Property
£272/sq ft
Area Average
£302/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£134,031
10% above area average per sq ft
Potential ROI
-0.7%
After renovation
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
31%
Properties sold annually

Local Market Trend (PL7)

Area prices are falling by -2.7% over the last 12 months
3 year growth: +2.5%
5 year growth: +16.4%
Investment Disclaimer: Analysis based on PL7 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

St. Marys Close, Plymouth PL7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£390
Based on a loan of £82,500 over 30 years at 3.91% 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

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