6-bedroom terraced house · PL1 5EG
Listing removedListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This property is currently under offer at £330,000.
Anyone wishing to make an offer over and above this amount should contact the selling agents Pilkington Estates on prior to the exchange of contracts.
We are thrilled to introduce a unique opportunity to the market; a Grade II portfolio comprising six self-contained one bedroom apartments, five of which are currently occupied.
This cherished portfolio has been well-maintained for years, fostering long-term relationships with many of its tenants.
As a result, it is primed and ready for someone to step in and immediately enjoy the benefits of a hassle-free rental business.
This diverse opportunity encompasses six comfortable one-bedroom apartments. These properties are in good condition, with some recently refreshed interiors.
Additionally, the portfolio includes a shared concrete space accessible to all tenants to the rear, providing a communal area for amenities such as laundry and outdoor drying lines.
The six properties today generate circa £37,000 per annum, resulting in an 11% yield.
If the individual properties were to be re-decorated and rental reviews scheduled, there's no reason an investor wouldn't be able to achieve a larger yield
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
FAQ
About Plymouth, Devon, PL1
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