36 Clifton Street, Plymouth, Devon PL4 8JB

Description

A mid-terraced property arranged as two flats in Plymouth. The ground floor flat comprises a living room, kitchen, bedroom and a bathroom. To the first floor there is a living room, kitchen, two bedrooms and a bathroom. Externally there is a rear garden. The property requires renovation throughout, offering a good investment opportunity. PVCU D/G. GCH.

Accommodation

Ground Floor Flat: Living Room, Kitchen, Bedroom, Bathroom. First Floor Flat: Living Room, Kitchen, Bedroom One, Bedroom Two, Bathroom.

Location

Plymouth, Devon

Tenure / Property Information

Investment Analysis

Recent same-street freehold terraced sales range from £260,000 to £310,000. A base GDV of £285,000 is supported by the evidence, with low/high scenarios of £260,000/£310,000. However, the comparables are not confirmed to have the same two-flat arrangement or renovation condition.

Investment Snapshot

Strategy Recommendation

Proceed only subject to a full inspection, refurbishment quotation and legal-pack review. The refurbishment/resale route is more assessable than BTL, but bidding should remain conditional on verified costs.

Works Required

Renovation throughout, limited to the supported description. The required scope and cost cannot be quantified from the evidence provided.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the base GDV indicates £213,750 gross borrowing before finance costs. Cash required cannot be calculated because refurbishment costs and uncertain purchase disbursements are not supplied.

Buy-to-Let Analysis

BTL yield cannot be established. The supplied rental listings are asking rents for three-bedroom houses, while this property is arranged as two flats; no flat-specific rent or passing rent is provided.

Flip Analysis

The evidence supports a broad resale value range of £260,000–£310,000, with a £285,000 base GDV. Flip surplus cannot be calculated because refurbishment costs and selling allowances are unavailable.

Investor Risks & Due Diligence

• Renovation is required throughout, but the scope and cost are unknown.

• Comparable sales are terraced houses and are not confirmed to share the two-flat configuration or condition.

• Rental evidence is advertised asking rent for three-bedroom houses, not achieved or flat-specific rent.

• Special Conditions of Sale may create additional search, legal, transfer or seller-cost liabilities.

• The guide is stated to be plus fees and includes a £1,200 administration charge payable on exchange.

Recommendation

Proceed only subject to a full inspection, refurbishment quotation and legal-pack review. The refurbishment/resale route is more assessable than BTL, but bidding should remain conditional on verified costs.

Strategy Rating

Analysis Confidence

Same-street sold evidence is available, but refurbishment costs, flat-specific rents, selling costs and special-condition disbursements are not quantified.