45 Priory Road, Higher Compton, Plymouth, Devon, PL3 5EP

Description

A freehold terraced property situated in Lower Compton, Plymouth. The accommodation briefly comprises an entrance hall, sitting room, kitchen/diner, three bedrooms, and a family bathroom. Externally, the property benefits from a garage and front and rear gardens. The property requires modernisation throughout.

Accommodation

Ground floor: Entrance Hall; Living Room: 3.82m x 4.49m; Kitchen/Diner: 4.74m x 2.97m. First floor: Bedroom: 2.49m x 3.82m; Bedroom: 2.25m x 3.81m; Bathroom: 1.51m x 1.67m. Top floor: Bedroom: 4.74m x 2.94m.

Location

Situated in Lower Compton, Plymouth, Devon.

Tenure / Property Information

Investment Analysis

The £125,000 guide is supported by two recorded sales of the same property at £105,555 on 25 September 2025 and £125,000 on 11 November 2025. Other Priory Road terraced sales range from £200,000 to £248,250, but their condition and specification are not supplied. As the property requires modernisation throughout and no post-works valuation or sufficiently specific rental evidence is provided, a reliable GDV, refurbishment budget or maximum bid cannot be established. The stated buyer premium and admin charge total £2,400, before any other possible costs.

Investment Snapshot

Strategy Recommendation

Do not bid on the available evidence alone. Obtain the tenancy details, inspect the property, confirm the modernisation scope and obtain a condition-adjusted valuation and contractor quotations before considering a BTL, BRRR or flip purchase.

Works Required

Modernisation throughout as described, with the precise scope, specification and cost to be confirmed by inspection and contractor quotations. No specific defects or required replacements are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR appraisal cannot be completed without a supported refurbishment budget, post-works GDV, passing or market rent and finance assumptions. The guide plus the stated buyer and admin charges would be £127,400 before works and other possible costs, but this is not a complete project cost.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The property is tenant in situ, but the passing rent, tenancy terms and tenant status are not supplied. Modernisation requirements and the £2,400 stated buyer/admin charges also need to be reflected in any appraisal.

Flip Analysis

A flip surplus cannot be calculated. The evidence includes same-property sales at £105,555 and £125,000, plus higher sales elsewhere on Priory Road, but does not establish a condition-adjusted post-modernisation GDV or selling-cost allowance. Modernisation, tenant occupation and potentially reimbursable seller, legal, search and transfer costs require investigation.

Investor Risks & Due Diligence

• Tenant in situ, with no passing rent, tenancy terms or possession information supplied.

• Property requires modernisation throughout, but no detailed condition survey or refurbishment budget is provided.

• No sufficiently specific external rental comparable or auctioneer rent estimate is available.

• Additional search, seller-cost reimbursement, legal and transfer charges may apply beyond the stated £2,400 buyer and admin charges.

• Recorded sales of the same property are £105,555 and £125,000, creating uncertainty around the guide's relationship to achieved value.

• The supplied address refers to Higher Compton while the description refers to Lower Compton; this should be verified.

Recommendation

Do not bid on the available evidence alone. Obtain the tenancy details, inspect the property, confirm the modernisation scope and obtain a condition-adjusted valuation and contractor quotations before considering a BTL, BRRR or flip purchase.

Strategy Rating

Analysis Confidence

The property description, tenure, occupancy, guide and some completed sales are supplied, but there is no rental evidence, refurbishment cost, condition detail beyond general modernisation, post-works valuation, tenancy information or complete auction cost schedule.