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See how verdicts work1-bedroom flat · PL2 1RJ
Listing removedReduced £7.5k (−12%) on 30 SepListed 158 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This ground floor flat requires modernisation and would make an ideal first time buy or investment. The accommodation offers living room, bedroom, kitchen and shower room.
Further benefits include central heating and double glazing. Offered for sale with no onward chain, Plymouth Homes advise an early viewing.
Ground Floor Entry is via communal front door and hallway with stairs leading to shared parking area and private access to flat 2.
Living Room (3.56m x 3.43m (11'8" x 11'3")) With double glazed window to the front, storage cupboard also housing the wall mounted boiler serving the heating system and domestic hot water, coving to ceiling, open plan to the kitchen, sliding door into the shower room.
Shower Room Fitted with a three-piece suite comprising recessed shower cubicle with fitted shower above, wall mounted wash hand basin, low-level WC, radiator/towel rail, extractor fan, wall mounted mirror, shaver point, tiled splashbacks, tiled flooring.
Kitchen (2.68m x 2.14m max (8'9" x 7'0" max)) Fitted with a matching range of base and eye level units with worktop space above, twin bowl stainless steel sink unit with mixer tap, spaces for fridge and washing machine, fitted electric oven, four ring gas hob with stainless steel cooker hood above, radiator, coving to ceiling, sliding door to bedroom.
Bedroom (3.48m x 2.80m (11'5" x 9'2")) With double glazed window to the rear, radiator, coving to ceiling.
Rear: To the rear of the property there is off road parking which is on a first come first served basis. Lease Details The term of the lease for this property is 199 years from 2016.
This information was gathered from the information held by the Land Registry.
We have been advised by the seller that, at the time of listing the property, their maintenance/service charge payment is approximately £260 per year.
This will be verified by the purchasers legal advisor during the conveyancing process.
We recommend that potential purchasers inform their mortgage company and legal advisor of the lease term and ground rent prior to commencing a purchase.
What3Words Location ///cycle.minus.churn Flood Risk Summary Rivers and the Sea: Very Low Risk Surface Water: Very Low Risk Maximum Broadband Available Download Speed: 1000Mbps Upload Speed: 100Mbps Agent’s Note These sales particulars are only in draft format and have yet to be approved by the seller.
They are therefore subject to change.
Agent's Note 2 We have been informed by the current owner that the freeholders are planning to replace the fire escape at the rear of the property and the cost to this flat is likely to be in the region of £3,000 - £5,000.
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
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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
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FAQ
About Flat 2, 41, Charlotte Street, Plymouth
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