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5 Hereford Road, Plymouth, Devon
Marketed by:
Auction House South West
2 Cattedown Rd, Plymouth PL4 0EG, UK
01752 474200
Two-Bedroom Ground Floor Flat in Plymouth
5 Hereford Road, Plymouth, Devon
Unsold
£100,000+
• 2 Bedrooms
• Ground Floor Flat
• Leasehold
• Current Rating C71
Description
A two-bedroom flat in Plymouth. Requiring renovation throughout, the accommodation comprises a living room, kitchen, two bedrooms, a bathroom and a W.C. Externally there is a rear garden with storage. PVCU D.G and GCH.
Accommodation
Living Room; Kitchen; Bedroom One; Bedroom Two; Bathroom; W.C.
Location
A two-bedroom flat in Plymouth.
Tenure / Property Information
Tenure |
Leasehold |
EPC |
Current Rating C71 |
Heating |
GCH |
Investment Analysis
Same-road sold comparables range from £90,000 to £113,500, but sales are historic and the property requires renovation throughout. A supported current GDV cannot be established reliably; £100,000 is used as a provisional base scenario anchored to the guide and comparable evidence.
Investment Snapshot
Guide Price |
£100,000 (plus fees) |
HB Estimated GDV |
£100,000 |
Estimated Monthly Rent |
£743 pcm |
Estimated Annual Rent |
£8,916 pa |
Gross Yield on Guide |
8.9% |
Strategy Recommendation
Proceed only after reviewing the legal pack, lease and obtaining a detailed refurbishment quotation. Do not rely on the headline rental yield or bid without a verified total project cost.
Works Required
Renovation throughout, including the living room, kitchen, two bedrooms, bathroom and W.C. The description confirms PVCU double glazing and gas central heating; no specific defects or scope are supplied.
Rental & Market Context
HB Estimated Market Rent |
£743 pcm |
|
Houses to rent in Saint Budeaux, PL5, Plymouth — 2 bed — — Advertised asking rent |
£743 pcm |
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
26, Hereford Road, Plymouth, City Of Plymouth, Pl5 4hg |
£90,000 |
|
9, Hereford Road, Plymouth, City Of Plymouth, Pl5 4hg |
£113,500 |
|
9, Hereford Road, Plymouth, City Of Plymouth, Pl5 4hg |
£80,500 |
|
26, Hereford Road, Plymouth, Plymouth, City Of Plymouth, Pl5 4hg |
£68,000 |
Potential BRRR Position
Base GDV |
£100,000 |
75% Refinance |
£75,000 |
A 75% refinance of the provisional £100,000 GDV would be £75,000. Cash required cannot be calculated because refurbishment costs, lease details and other completion costs are unavailable.
Buy-to-Let Analysis
The advertised asking rent of £743 pcm implies an 8.92% gross yield against the £100,000 guide before renovation, fees and other costs. The yield is not reliable for final underwriting because it is an asking rent and refurbishment costs are unknown.
Flip Analysis
A flip surplus cannot be established because refurbishment costs, selling costs and a reliable current resale value are unavailable. Historic same-road sales provide only a broad value indication.
Investor Risks & Due Diligence
• Renovation is required throughout, but no costed scope is provided.
• Rental evidence is an advertised asking rent rather than achieved rent.
• Lease term, service charge and other lease liabilities are not supplied.
• Auction disbursements and additional purchaser costs may apply.
• Historic comparable sales may not reflect current market value or the property's condition.
Recommendation
Proceed only after reviewing the legal pack, lease and obtaining a detailed refurbishment quotation. Do not rely on the headline rental yield or bid without a verified total project cost.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low-Medium |
Some same-road sales and one rental asking figure are available, but the evidence is historic or advertised, while refurbishment costs, lease details and disbursements are missing.
Auction Details :
Auction House South West
Auction Date :
21/10/26
Lot Number :
025
Property Location:
5 Hereford Road, Plymouth, Devon
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