1/11
£65,000
Garage · 1 bed
Ridgeway, Plymouth, PL7
Freehold
1/12
1/12
5 bed house for sale Ridgeway, Plymouth, PL7
OIEO
£575,000
Added on 20/10/2026
Added on 20/10/2026
- Type
- Terraced
- Bedrooms
- 5
- Bathrooms
- 1
- Tenure
- Freehold
Key features
- Freehold mixed-use investment
- Ground floor retail/office unit
- Five-room HMO generating £36,300 per annum
- Separate barn included within the sale
- Popular location on The Ridgeway, Plympton
- Scope for improvement and value enhancement
- Ideal investment or development opportunity
- Commercial unit generating £15,000 rent per annum
About this property
A rare opportunity to acquire a freehold mixed-use investment property in a convenient location on the Ridgeway, Plympton, comprising a fully let commercial unit, a five-room HMO above, and a separate barn included within the sale. The main property consists of a substantial ground floor retail/office premises, currently let and generating a passing rent of £15,000 per annum, with residential accommodation above arranged as a five-bedroom HMO. The residential element currently generates a passing rent of £3,025 per calendar month (£36,300 per annum).
Floorplan
Council tax
Ask agent
Per year
- Band A£1,628
- Band B£1,899
- Band C£2,171
- Band D£2,442
- Band E£2,984
- Band F£3,527
- Band G£4,070
- Band H£4,884
The agent hasn't said which band this home is in; you can look it up on GOV.UK. In Plymouth, 2026/27 bills run from £1,628 a year in band A to £4,884 in band H.
Figures from MHCLG (Open Government Licence v3): the average bill for each band across Plymouth, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.
Location
Ridgeway, Plymouth, PL7
Mortgage and stamp duty
Property price £575,000
£287k £863k
Deposit10% £58,000
£0 £575k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £517,000 mortgage. Most lenders would want a household income of about £115,000 to support it.
A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.
Properties sold nearby
HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 67a, Ridgeway Detached | Detached | Nov 2016 | 1,830 sq ft £221/sq ft | 1,830 sq ft | £221 | £405,000 |
| First And Second Floor Flat, 47, Ridgeway Flat / maisonette | Flat / maisonette | Feb 2006 | 1,055 sq ft £83/sq ft | 1,055 sq ft | £83 | £87,500 |
| 41, Ridgeway Flat / maisonette | Flat / maisonette | Jul 2001 | n/a | n/a | n/a | £37,000 |
Area insights
The neighbourhood around this property.
