Bishops Place, West Hoe Road
Martin & Co logo

Bishops Place, West Hoe Road

By Martin & Co

£ 350,000

Reviews

2 out of 5 stars

Martin & Co says ..

***Spanning an impressive 4 floors and boasting an approximate floor area of 2,467 sq. ft., this deceptively spacious HMO property presents a compelling investment opportunity for discerning landlords.*** The property comprises of six spacious en-suite bedrooms along with a kitchen / diner and si...

Property Oracle says ..

This six-bedroom, six-bathroom property located on West Hoe Road in Plymouth, Devon presents a compelling investment opportunity for discerning investors. The property’s size and multiple ensuite bedrooms are particularly notable, suggesting potential for use as an HMO, which would significantly increase its rental yield. The location offers good access to essential amenities, including schools and transportation links, further enhancing its appeal. The provided images illustrate a clean and well-maintained property with a functional layout. The small garden space is a minor drawback. The price appears fair considering the number of bedrooms, bathrooms and proximity to local amenities. A potential buyer or investor should consider factors such as potential maintenance costs and the local rental market before making a purchase decision. The property’s condition is acceptable but some refurbishment or redecoration might be undertaken to maximise its value. Overall, this property appears to be a viable investment for someone considering the HMO market 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
6
Location
7
Land
3
Bedrooms
6
Bathrooms
6
Sqft (est)
1,985.30

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
219,909.00 £
Decreased by 3.89 %
from 228,809.00 £
Est sale value
565,810.50 £
Increased by 14.46 %
from 494,339.70 £
Average area rental value
987.00 £/mo
Increased by 16.53 %
from 847.00 £/mo
Est letting value
1,985.30 £/mo
from 0.00 £/mo
Est rental Yield
5.39 %
Increased by 21.40 %
from 4.44 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Martin & Co created the listing.

Nearby Schools

NameTypeOfstedDistance
St Andrew'S Cof E Va Primary SchoolVoluntary Aided SchoolOutstanding0.32 KM
Millbay AcademyFree Schools0.41 KM
St Peter'S Cofe Primary SchoolAcademy Converter0.57 KM
Manor Street Children'S CentreChildren's Centre0.61 KM
The Cathedral School Of St MaryAcademy ConverterGood0.85 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Harmony Court Stairs £ 000.00 KM
Manor Street £ 105,00000.00 KM
Athenaeum Place £ 000.00 KM
Raleigh Street £ 000.00 KM
Melbourne Place £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Plymouth3580PLY1.61 KM
Devonport3579DPT2.60 KM
Dockyard (Devonport)3588DOC3.31 KM
Keyham3571KEY4.15 KM
St Budeaux Ferry Road3590SBF5.61 KM

Nearby Listings

AddressPriceTypeScoreDistance
Bishops Place, West Hoe Road £ 350,000BUY5 / 100.00 KM
Bishops Place, West Hoe, PL1 3BW £ 150,000BUY5 / 100.02 KM
The Hoe, Plymouth £ 350,000BUY7 / 100.04 KM
Willoughby Way, Plymouth, PL1 £ 260,000BUYUnknown0.04 KM
West Hoe Road, Plymouth, Devon £ 350,000BUY7 / 100.06 KM

Nearby Properties

AddressPriceDistance
47 West Hoe Road £ 125,0000.07 KM
99 West Hoe Road £ 140,0000.07 KM
51 West Hoe Road £ 102,0000.07 KM
91 West Hoe Road £ 130,0000.07 KM
57 West Hoe Road £ 80,0000.07 KM