Whitefield Terrace, Plymouth
HI

Whitefield Terrace, Plymouth

By Hindhead

£ 550,000

Reviews

2 out of 5 stars

Hindhead says ..

This double fronted investment property comprises two studio flats, five one bedroom flats and a two bedroom flat. Situated a short walk from Plymouth University and the City Centre the property has a current net rental income of £55,740. Let on 6 month AST's this would make a great a...

Property Oracle says ..

This property in Whitefield Terrace, Plymouth, is described as a double-fronted investment property comprising two studio flats, five one-bedroom flats, and a two-bedroom flat. Its key selling point is its location, a short walk from Plymouth University and the city centre, making it attractive to renters. The current net rental income of £55,740 suggests a healthy return on investment.

The provided photographs offer a glimpse into the interior of some units. The condition appears acceptable for rental purposes; however, some areas might need attention. While the exterior of the building presents a presentable appearance, there is limited information on the actual square footage. The property lacks a substantial garden, as indicated by the listed 0.00 sqft plot size.

The listing price of £550,000 requires further scrutiny. Without square footage details for individual units, a precise evaluation of the value per square foot is impossible. While the rental income is a strong indicator, the overall condition of the property and potential repair costs should be considered for a full evaluation of the price’s justification. A comparison with similar investment properties in the area with similar square footage data would allow for a more robust price analysis.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
7
Land
1
Bedrooms
8
Bathrooms
8
Sqft (est)
806.32

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
172,750.00 £
Decreased by 26.23 %
from 234,166.00 £
Est sale value
162,876.64 £
Decreased by 27.60 %
from 224,963.28 £
Average area rental value
822.00 £/mo
Increased by 45.49 %
from 565.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
5.71 %
Increased by 96.90 %
from 2.90 %
Crime Rate
9.00 %
Unchanged by 0.00 %
from 9.00 %

Agent Activity

  • Hindhead marked this listing as sold.

  • Hindhead created the listing.

Nearby Schools

NameTypeOfstedDistance
Mount Street Primary SchoolAcademy Sponsor Led0.47 KM
Holy Cross Catholic Primary SchoolAcademy Converter0.47 KM
Plymouth High School For GirlsAcademy Converter0.69 KM
Salisbury Road Primary SchoolAcademy ConverterRequires improvement0.72 KM
Plymouth College Of ArtHigher Education InstitutionsGood0.79 KM

Images

Rightmove Marketi...

Nearby Streets

NameAverage PriceAverage SqftDistance
Opie Lane £ 000.00 KM
Monica Walk £ 230,00000.00 KM
Olivia Court £ 000.00 KM
Woodside £ 202,50000.00 KM
Hill Park Crescent £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Plymouth3580PLY1.41 KM
Devonport3579DPT4.43 KM
Dockyard (Devonport)3588DOC5.04 KM
Keyham3571KEY5.62 KM
St Budeaux Ferry Road3590SBF6.82 KM

Nearby Listings

AddressPriceTypeScoreDistance
Whitefield Terrace, Greenbank Road, Plymouth, Devon, PL4 £ 100,500BUYUnknown0.00 KM
Whitefield Terrace, Greenbank Road, Plymouth, Devon £ 170,000BUY6 / 100.00 KM
Whitefield Terrace, Greenbank Road, Plymouth, Devon £ 150,000BUYUnknown0.01 KM
Woodland Terrace, Plymouth £ 120,000BUY5 / 100.07 KM
Baring Street, Greenbank, Plymouth £ 130,000BUYUnknown0.07 KM

Nearby Properties

AddressPriceDistance
13 Baring Street £ 165,0000.09 KM
4 Baring Street £ 229,0000.09 KM
12 Baring Street £ 131,0000.09 KM
15 Baring Street £ 175,0000.09 KM
3 Baring Street £ 189,5000.09 KM