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See how verdicts work2-bedroom flat · PL1 4QA
For saleReduced £15k (−3.5%) on 7 AugListed 348 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lang Town & Country are proud to present this outstanding two-bedroom ground floor apartment situated within the prestigious Ocean Court development, a landmark waterside address offering some of the most captivating and uninterrupted coastal views in the South West.
Perfectly positioned to overlook Mayflower Marina, the Royal William Yard, the Tamar Estuary, and extending across to Plymouth Sound, Mount Edgcumbe, and Southeast Cornwall, this remarkable home enjoys a truly unrivalled panoramic outlook.
The apartment benefits from a private ground floor entrance opening into a welcoming hallway, providing access to all principal rooms.
The heart of the home is an impressive living room with floor-to-ceiling dual patio doors that lead to a substantial private balcony, an idyllic space to relax and enjoy the ever-changing marine scenery.
The open-plan kitchen is well-appointed with a range of wall and base units, laminate work surfaces, a breakfast bar, and integrated appliances including an oven with extractor hood and dishwasher.
Both double bedrooms enjoy access to a front-facing balcony with superb views, and each features built-in storage.
The newly fitted shower room is stylishly presented with a large shower cubicle, WC, and contemporary sink with integrated storage and ambient lighting.
A separate modern cloakroom adds further convenience. Additional benefits include a car port with adjoining storeroom, residents’ parking, and access to the beautifully maintained communal gardens.
Set within a secure, gated development, Ocean Court is renowned for its peaceful atmosphere, immaculate standards, and breathtaking setting.
This rare waterfront opportunity perfectly combines luxury, comfort, and tranquillity – offering a truly enviable coastal lifestyle. Early viewing is highly recommended.
We understand the apartment is held on a sharing freehold with each flat/apartment owns a share of the lease.
The lease has 968 years remaining and subject to a service charge of approximately £2,415.00 per year from January 2025 but this is subject to periodic review and an annual ground rent of approximately £30.00.
The above information is provided in good faith although we would recommend that prospective purchasers consult their own solicitor for formal verification.
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 Ocean Court,Flat 5, Richmond Walk, Plymouth
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