Lipson Road, Plymouth, Devon, PL4
MI

Lipson Road, Plymouth, Devon, PL4

By Miller Countrywide

£ 245,000

Reviews

2 out of 5 stars

Miller Countrywide says ..

Situated within walking distance to the Plymouth University and Mutley Plain is this five bedroom HMO terraced house, that is currently let for the next academic year producing £26,500 per annum. The accommodation breifly comprises of five letting rooms, stunning kitchen diner a...

Property Oracle says ..

This four-bedroom, two-bathroom property located on Lipson Road in Plymouth is listed at £245,000. The property’s location offers proximity to Plymouth University and Mutley Plain, making it potentially attractive to students and young professionals. The presence of nearby schools, although with mixed Ofsted ratings, is a further positive aspect. However, the property’s condition appears to require some updating and modernisation, with dated fixtures and fittings visible in the photos. The garden is overgrown and needs significant work. The lack of square footage information makes a definitive price assessment challenging. The property’s potential as an HMO is a factor to consider, but this potential should be weighed against the additional responsibilities and potential risks associated with renting to multiple tenants. Overall, the property presents a mixed picture, with its location and potential as an HMO being offset by its condition and the need for improvements. Further investigation into the property’s square footage and a professional survey are recommended before making a purchase decision. The price point needs careful consideration in relation to the necessary improvements and the current market conditions in Plymouth.

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
6
Land
3
Bedrooms
4
Bathrooms
2

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
229,475.00 £
Increased by 9.15 %
from 210,243.00 £
Average area rental value
830.00 £/mo
Increased by 5.33 %
from 788.00 £/mo
Est rental Yield
4.34 %
Decreased by 3.56 %
from 4.50 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • Miller Countrywide created the listing.

Nearby Schools

NameTypeOfstedDistance
Lipson Co-Operative AcademyAcademy ConverterRequires improvement0.40 KM
Lipson Vale Primary SchoolCommunity SchoolGood0.40 KM
Salisbury Road Primary SchoolAcademy ConverterRequires improvement0.63 KM
Prince Rock Primary SchoolAcademy Converter1.23 KM
Sweet Peas Peverell Children'S CentreChildren's Centre1.31 KM

Images

Picture No. 14 Picture No.03 Picture No.05 Picture No.06 Picture No. 12 Picture No. 08 Picture No.04 Picture No. 09 Picture No.07 Picture No. 10

Nearby Streets

NameAverage PriceAverage SqftDistance
Lincoln Avenue £ 210,00000.00 KM
Elm Crescent £ 000.00 KM
Ashford Hill £ 000.00 KM
Harlow Lane £ 125,00000.00 KM
Ashford Road Lane North £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Plymouth3580PLY2.32 KM
Devonport3579DPT5.34 KM
Dockyard (Devonport)3588DOC5.91 KM
Keyham3571KEY6.40 KM
St Budeaux Ferry Road3590SBF7.49 KM

Nearby Listings

AddressPriceTypeScoreDistance
Lipson Road, Plymouth, Devon, PL4 £ 245,000BUY5 / 100.00 KM
Lipson Road, Lipson, Plymouth £ 270,000BUYUnknown0.00 KM
Kelvin Avenue, Plymouth £ 140,000BUY5 / 100.07 KM
Kelvin Avenue, Lipson £ 130,000BUY5 / 100.09 KM
Lipson Vale, Plymouth, Devon, PL4 7HE £ 210,000BUY7 / 100.11 KM

Nearby Properties

AddressPriceDistance
194 Lipson Road £ 175,0000.00 KM
190 Lipson Road £ 155,5000.00 KM
198 Lipson Road £ 81,0000.00 KM
158 Lipson Road £ 60,0000.00 KM
170 Lipson Road £ 125,0000.00 KM