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See how verdicts work2-bedroom bungalow · PL5 3SH
Sold STCReduced £10k (−4.3%) on 26 OctListed 234 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
To view this property quote MK-1185720 A two bedroomed semi-detached bungalow set within a generous plot and located in a quiet cul-de-sac, requiring some modernisation with lots of potential.
Lounge, Kitchen-Diner, Conservatory & Shower Room plus Detached Garage. No Chain.
Located on the border of Honicknowle and Crownhill, Merrivale Road is a quiet cul-de-sac which leads directly off Crownhill Road providing excellent access to local shops, amenities and further to the A38 and Plymouth City.
There is a regular bus service with a stop nearby also, plus a large supermarket and petrol station.
The property, whilst now requiring some modernisation, has been lovingly maintained and is fitted with Upvc framed double glazing and gas central heating and offers spacious accommodation which includes a separate Lounge with bay window to the front aspect, a large Kitchen-Diner which also leads into the Conservatory, plus two bedrooms of which the main bedroom has a bay window also to the front and built in wardrobes.
There is a fitted Shower Room also that leads off the hallway.
The property sits in a large plot, which to the front has been landscaped to reduce maintenance and has easy access with a level walkway leading directly to the front door.
The rear garden has a number of areas in which to enjoy, holding much potential for a vegetable and fruit patch and currently has a large terraced area with raised beds and a hardstand which leads to the garage.
The property is registered in Council Tax Band B, and holds an EPC rating of 61D.
The property is being sold with no onward chain, and we recommend an internal viewing through the Sole Agent Keane & Parker.
Entrance Hallway Lounge 12' 6'' x 10' 6'' (3.82m x 3.2m) Into Bay Kitchen-Diner 20' 0'' x 10' 6'' (6.1m x 3.2m) Max L-Shaped Conservatory 9' 4'' x 8' 7'' (2.85m x 2.62m) Bedroom 1 12' 7'' x 10' 6'' (3.83m x 3.2m) Into Bay Bedroom 2 10' 5'' x 7' 9'' (3.18m x 2.37m) Shower Room Single Garage
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Merrivale Road, Honicknowle, Plymouth
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