We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · PL1 2LW
For saleListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the heart of Plymouth’s historic Barbican, this beautifully presented one-bedroom top-floor apartment offers a fantastic opportunity for investors looking to acquire a ready-made investment in one of the city’s most desirable and characterful locations.
Positioned on the third floor of a purpose-built development, the apartment combines contemporary accommodation with the considerable benefit of secure, allocated covered parking, a particularly rare and valuable feature within the Barbican.
The building is accessed via a communal entrance, with both stair and lift access available to the top floor.
Upon entering the apartment, a welcoming hallway provides access to all of the accommodation and incorporates a particularly useful large storage cupboard.
The main living accommodation comprises a bright and stylish open-plan living, dining and kitchen area.
The kitchen is positioned to the rear and has been fitted with an attractive range of dark contemporary units, contrasting work surfaces and metro-style tiled splashbacks.
There is an integrated oven and electric hob together with additional space and plumbing for appliances.
The living area provides ample room for both comfortable seating and dining furniture, making excellent use of the open-plan layout.
A large double-glazed window to the front elevation allows plenty of natural light into the room and benefits from the afternoon sun, creating a bright and welcoming space.
The double bedroom is well proportioned with plenty of room for a double bed and additional bedroom furniture.
A double-glazed window to the front elevation again allows the room to benefit from the afternoon light.
Completing the accommodation is the well-appointed bathroom, fitted with a panelled bath with shower over, wash hand basin and WC.
Contemporary metro-style tiling provides a smart finish and complements the modern presentation found throughout the apartment.
Externally, one of the property's most notable advantages is its allocated parking space within a secure gated car park.
The numbered space is covered, providing convenient off-road parking in an area where private parking can be particularly difficult to find.
Each apartment also benefits from its own large lockable external storage cupboard, ideal for bicycles, outdoor equipment or general additional storage.
The location is a major attraction, with Stokes Lane tucked within the historic Barbican, placing an excellent selection of independent cafés, restaurants, traditional pubs, shops and waterfront attractions within easy walking distance.
The picturesque Sutton Harbour waterfront and cobbled streets of the Barbican are moments away, while Plymouth Hoe, the city centre and Drake Circus Shopping Centre are also readily accessible.
For investors, the central position provides convenient access to many of Plymouth's major employment, leisure and educational destinations, while the combination of a lift, secure parking and modern accommodation further enhances the property's appeal as a rental investment.
The property is being offered for sale as an investment purchase with a tenant in situ.
The current tenant is due to vacate; however, a new tenant will subsequently be taking occupation, allowing the property to continue as a tenanted investment for the incoming purchaser.
Further information regarding the new tenancy and rental arrangements can be provided by our sales team.
Offering an excellent combination of location, contemporary accommodation, secure covered parking and an ongoing tenancy, Flat 12 represents an attractive opportunity for investors seeking a conveniently positioned property in the heart of Plymouth’s historic Barbican.
EPC Rating: D Location The apartment is situated on Stokes Lane, in the centre of the Barbican with its fine array of restaurants, cafes, bars and bespoke boutiques, together with the National Marine Aquarium and the Mayflower Steps from where the Pilgrim Fathers left for America in 1620.
The city centre is within easy reach with many amenities including Drake Circus & Barcode shopping complex and the nationally renowned Theatre Royal.
The A38 trunk road is 3.6 miles distant and links Cornwall to the M5 motorway at Exeter and the rest of the South West.
Parking - Secure Gated Allocated parking space which is covered in a residents only car park.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
.png)
FAQ
About Flat 12, 2-3 Stokes Lane, Plymouth
Explore nearby