We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent development and investment opportunity situated in a popular residential area of Plymouth.
Originally a traditional three-bedroom Victorian terraced property, this versatile residence has been converted into two separate one-bedroom self-contained flats, each held on individual leases.
The property is being sold with the entire freehold title included and no onward chain.
Property Description The property now requires a course of cosmetic updating and modernization throughout, providing a blank canvas for purchasers to add significant value.
For investors, the layout offers a turn-key framework to refurbish two distinct income-generating units, maximizing rental yields in a high-demand area.
Alternatively, for those seeking a generous family home, the building retains the classic footprint and proportions of a classic three-bedroom terraced home, allowing for a straightforward reconversion back into a single dwelling (subject to necessary permissions).
Entering on the ground floor, a communal entrance vestibule leads into the self-contained ground-floor flat.
This level features a bright front-facing living room, a well-proportioned double bedroom, a kitchen, and a bathroom, with direct access out to a private enclosed rear courtyard.
The first-floor flat is accessed via internal stairs and mirrors a similar generous footprint, comprising a spacious lounge, double bedroom, fitted kitchen, and bathroom.
Outside, the property benefits from an enclosed rear garden/courtyard, ideal for outdoor seating or secure storage, alongside standard on-street parking to the front.
Situated in Third Avenue, the property is conveniently placed for access to Plymouth City Centre, Devonport Railway Station, local schools, parks, and major bus routes.
Offered to the market with vacant possession and no onward chain, viewing is highly recommended to fully appreciate the potential and scope on offer.
Property Ownership Information Tenure Freehold Council Tax Band A Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Third Avenue, Plymouth
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