Lipson Road, Lipson, Plymouth
HI

Lipson Road, Lipson, Plymouth

By Hindhead

£ 425,000

Reviews

2 out of 5 stars

Hindhead says ..

Hindhead is proud to present five self-contained apartments to the market. This double fronted mid terrace property is freehold and marketed with tenants in situ. Providing a total net return of £34,284.00 per annum. The property benefits from 4 off-road parking spaces to the rear and pleasa...

Property Oracle says ..

This property in Lipson, Plymouth is a multi-unit residential building, presented as five self-contained apartments, listed at £425,000. Its location in Lipson offers convenient access to schools and Plymouth train station, making it reasonably accessible. However, the immediate surroundings shown in the photos don’t suggest an exceptional neighbourhood. The property’s condition is a mixed bag. While the exterior is structurally sound, showing signs of age, the interior photos reveal inconsistencies. Some apartments appear in decent condition while others appear cluttered, showing a need for cleaning and potentially some modernisation. Notably, there is very little or no outdoor space. The property’s price point is relatively high, though the given rental income suggests a possible rationale for investors. The absence of sqft data for individual apartments and limited information on the state of the property makes a conclusive assessment of value difficult. Potential buyers should thoroughly inspect each apartment to assess the condition and required renovation costs if buying for personal use or rental purposes. The overall picture is a property with a functional location, average condition, and minimal land that may be attractive to investors looking for rental income but should be thoroughly examined before purchasing.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
6
Land
1
Bedrooms
5
Bathrooms
5
Sqft (est)
2,528.12

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
253,125.00 £
Increased by 15.55 %
from 219,067.00 £
Est sale value
578,939.48 £
Increased by 9.05 %
from 530,905.20 £
Average area rental value
741.00 £/mo
Increased by 14.88 %
from 645.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
3.51 %
Decreased by 0.57 %
from 3.53 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Hindhead marked this listing as sold.

  • Hindhead created the listing.

Nearby Schools

NameTypeOfstedDistance
Salisbury Road Primary SchoolAcademy ConverterRequires improvement0.30 KM
Holy Cross Catholic Primary SchoolAcademy Converter0.85 KM
Nomony Children'S CentreChildren's Centre0.87 KM
Lipson Vale Primary SchoolCommunity SchoolGood0.93 KM
Lipson Co-Operative AcademyAcademy ConverterRequires improvement0.93 KM

Images

Rightmove Marketi...

Nearby Streets

NameAverage PriceAverage SqftDistance
Woodside Lane £ 000.00 KM
Queen's Gate Mews £ 153,33300.00 KM
Queen's Gate Mews £ 000.00 KM
Woodside £ 202,50000.00 KM
Harlow Lane £ 125,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Plymouth3580PLY1.90 KM
Devonport3579DPT4.93 KM
Dockyard (Devonport)3588DOC5.54 KM
Keyham3571KEY6.08 KM
St Budeaux Ferry Road3590SBF7.24 KM

Nearby Listings

AddressPriceTypeScoreDistance
Lipson Road, Plymouth £ 112,000BUY6 / 100.00 KM
Ground Floor Flat, 70 Lipson Road, Lipson, Plymouth, Devon PL4 8RH £ 60,000BUY6 / 100.02 KM
Sea View Terrace, St Judes, Plymouth £ 260,000BUYUnknown0.05 KM
Lipson Road, Lipson, Plymouth £ 330,000BUY5 / 100.08 KM
Sea View Terrace, Lipson, Plymouth £ 140,000BUYUnknown0.09 KM

Nearby Properties

AddressPriceDistance
64 Lipson Road £ 201,1500.00 KM
70 Lipson Road £ 38,0000.00 KM
62a Lipson Road £ 69,0000.00 KM
3 Sea View Terrace £ 186,0000.04 KM
12 Sea View Terrace £ 340,0000.04 KM