69 Ford Hill, Plymouth, Devon

Description

A vacant three-bedroom property in Plymouth. The house is located within a popular residential location near to Stoke Village and a short walk to HMNB Devonport, bus routes and amenities. Requiring renovation throughout, the accommodation comprises a living room, kitchen, dining room (or additional bedroom), three bedrooms and a shower room. Externally, there is a courtyard to the rear. PVCU D/G, GCH.

Accommodation

Lounge: 14'7" × 13'1" (4.45m × 3.99m); Dining Room / Bedroom Four: 13'4" × 10'9" (4.06m × 3.29m); Kitchen: 13'10" × 9'11" (4.21m × 3.03m); Utility Room: 9'11" × 7'5" (3.03m × 2.25m); Bedroom One: 16'10" × 15'0" (5.13m × 4.58m); Bedroom Two: 13'4" × 10'6" (4.07m × 3.20m); Bedroom Three: 12'3" × 9'11" (3.74m × 3.03m); Shower Room: 9'5" × 5'5" (2.88m × 1.65m)

Location

Popular residential location near to Stoke Village and a short walk to HMNB Devonport, bus routes and amenities.

Tenure / Property Information

Investment Analysis

Five same-street freehold terraced sales range from £206,000 to £285,000, with a median of £221,000. Because comparable condition, size and specification are not provided and this property requires renovation throughout, £221,000 is used as a cautious base GDV; £206,000–£285,000 is the evidence-supported range, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection and legal-pack review, with a firm refurbishment budget. Do not rely on BTL or BRRR returns until rent and works costs are evidenced.

Works Required

Renovation throughout, with the precise scope and cost to be confirmed by inspection and the legal pack. Existing PVCU double glazing and gas central heating are noted.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A potential BRRR opportunity exists at the £100,000 guide, but refurbishment cost, total project cost and achievable rent are unsupported. At a £221,000 base GDV, 75% refinance is £165,750; cash left in cannot be calculated.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant and requires renovation.

Flip Analysis

The same-street sales indicate a broad £206,000–£285,000 resale evidence range. Flip profit cannot be calculated because refurbishment costs and selling allowances are unsupported; the £2,400 stated buyer and admin charges would also apply.

Investor Risks & Due Diligence

• Renovation is required throughout, but no costed scope is supplied.

• Comparable sale prices vary materially from £206,000 to £285,000 and their condition and specifications are unknown.

• No sufficiently specific rental evidence is available.

• Additional legal-pack disbursements and other purchaser charges may apply.

• The property is vacant, so no passing rent is available.

Recommendation

Proceed only after inspection and legal-pack review, with a firm refurbishment budget. Do not rely on BTL or BRRR returns until rent and works costs are evidenced.

Strategy Rating

Analysis Confidence

There are five relevant same-street completed sales, but comparable condition, size and specification, refurbishment costs and rental evidence are unavailable.