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See how verdicts work3-bedroom bungalow · PL7 1SJ
For saleReduced £25k (−5.6%) on 24 JunListed 174 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on a generous plot in the popular area of Plympton, this well-proportioned three-bedroom bungalow offers versatile living space, and generous outdoor areas.
Inside the property, you are greeted by a welcoming hallway, leading to a bright and comfortable living room and bedroom positioned at the front.
Moving through the home, you will find a modern shower room and two additional bedrooms, offering flexible accommodation for family living, guests, or home working.
To the rear, the property opens into an updated kitchen and separate dining room, both enjoying pleasant views over the garden and toward Plympton.
A standout feature is the sizeable loft room, which is easily accessible and provides excellent additional storage or potential for conversion into an extra bedroom, subject to the necessary planning permissions.
Externally, the property is set back from the road by a front garden and driveway which extends along the side of the home to a rear carport and a substantial workshop, ideal for hobbyists or those in need of extra workspace.
The expansive rear garden offers both a tranquil outdoor retreat and opportunity for those with a green thumb by featuring a decked area which enjoys similar views across Plympton, and a greenhouse.
Ideally located, the property enjoys convenient access to local amenities of the popular Ridgeway Shopping Centre, while being within easy reach of the beautiful Saltram House and woods.
This is a fantastic opportunity to acquire a spacious bungalow in a sought-after location with scope to personalise and add value.
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
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FAQ
About 124, Merafield Road, Plymouth
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