3 Bed Semi-Detached House, Single Let, Plymouth, PL7 1QP, £230,000

Potters Way, Plymouth, PL7 1QP - a month ago

Sold STC
BTL
ROI: 4%
~93 m²
+8 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Total Cash In

£65,600

 

 

Cash Out

 

Rent Range

£1,100 - £1,600

Rent Estimate

£1,200

Running Costs/mo

£979

Cashflow/mo

£221

Cashflow/yr

£2,652

ROI

4%

Gross Yield

6%













Local Rents

10 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20006/230.24 mi-3
£1,30006/240.49 miPlympton, Plymouth3
£1,10003/230.66 mi-3
£1,60005/240.72 mi-3
£1,25006/240.95 miWestfield, PLYMOUTH3
£1,25006/240.95 miWestfield, PLYMOUTH3
£1,30006/241 miTriumphal Crescent, Plymouth, Devon, PL73
£1,20002/241.02 mi-3
£1,30008/241.02 mi-3
£1,25010/231.2 mi-3

Local Area Statistics

Population in PL7

31,462

Population in Plymouth

238,914

Town centre distance

1.97 miles away

Nearest school

0.10 miles away

Nearest train station

3.70 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+32%

Property History

Listed for £230,000

February 14, 2025

Floor Plans

Description

  • Allocated parking +
  • South Facing Garden +
  • Extended Dining Room & Conservatory +
  • Large Kitchen & Lounge +
  • 2 Double Bedrooms & 1 Single Room +
  • Downstairs Toilet +
  • Gas Central Heating and Double Glazing +

Property Description

Situated in a quiet location within the popular town of Plympton, the property is close to local schools, playing fields and walking distance of the Ridgeway shopping centre, making this property ideal for a young family.

Internally the property has been extended by a previous owner to make the living accommodation feel incredibly spacious. As you walk in the hall, there is a downstairs Cloakroom, the kitchen is a lovely size with a breakfast bar and two south facing windows, flooding the room with light. Continuing down the hall, you have a door to the Living Room, this room is not only a great space, there is a cast iron multi fuel burner to make the most of those cosy winter evenings.

From the living room the is access to the conservatory and garden, and a further opening to the Dining Room. Again a spacious room with a south facing window adding plenty of light.

To the first floor, the bedrooms are good sizes with 2 double bedrooms both with built in wardrobes and a single that is deceptively spacious. Completing the first floor accommodation there is a modern bathroom with a white suite and shower over the bath.

Outside, there is an allocated parking space just meters from the house, with visitors parking available withing the cul-de-sac, to the rear of the property there is a private southerly facing garden, which is laid to lawn with a patio area, and summer house.

Area Description

Plympton is a Historic town situated on the outskirts of the Ocean City of Plymouth, the ancient Stannary Town is listed in the Doomsday book and is steeped in History including its own Mott and Bailey Castle.

Plympton has a fantastic community spirit with a characterful town centre being the hub of it all, the Christmas Light switch on yearly attracts over 4000 residents.

Due to the size of the town, Plympton offers all of the amenities that you would expect, including a Sainsbury’s, Boots Chemist, Restaurants and Bars, alongside this there is a swimming pool, gyms and Golf Courses at Elfordleigh and Welbeck Manor both on the outskirts of the town. Schooling within the town is highly rated, with 2 senior schools and 7 primary schools.

Voted one of the most popular areas in Plymouth to live, it is certainly an area you should consider.

Council Tax Band - C
EPC Rating - C
Tenure – Freehold

Broadband
Mobile Coverage

availability: Ultrafast broadband (FTTC) is available in the area
Mobile Coverage: 4G Coverage is available in the area- please check with your provider.
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Utilities: Mains Gas, Electricity and Mains Water Connected

Agent Details

The Property Experts, London

020 3906 1702

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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