2-bedroom flat · PL1 4TH
For saleListed 100 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on the first floor and accessed via a well-maintained communal entrance lobby with lift access to all levels, this particularly spacious apartment offers stylish and convenient living in a highly desirable location.
At the heart of the home is an impressive open-plan kitchen and living area, designed to create a wonderful sense of space and flow.
The free-flowing layout makes this an ideal environment for both everyday living and entertaining, while an abundance of natural light floods the room throughout the day.
The living area further benefits from a dual aspect, enhancing the bright and airy atmosphere and providing attractive outlooks from two elevations.
The modern kitchen provides a fantastic area to cook and entertain including a central island with integrated hob along with built in white goods and ample worktop space.
The accommodation continues with two generous double bedrooms, with the principal bedroom enjoying the added luxury of an en-suite shower room and an adjoining dressing room, creating an excellent principal suite.
A well-appointed family bathroom serves the remainder of the apartment. Externally, the property benefits from allocated parking together with additional visitor parking bays for guests.
Perfectly positioned for those seeking both convenience and recreation, the apartment is within walking distance of the green open spaces of Devonport Park, the swimming pools at Mount Wise, and the newly constructed Foulston Park Leisure Centre, offering an excellent range of sporting and fitness facilities just a short stroll away.
Combining spacious, light-filled accommodation with excellent local amenities and superb transport accessibility, this first-floor apartment represents an outstanding opportunity for a wide range of purchasers.
We understand the apartment is held on Lease with approx 991 years remaining and subject to a service charge of approximately £4,600 per year and building insurance of £250 per month, but this is subject to periodic review.
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
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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
Agent & docs
FAQ
About Chapel Street, Devonport, Plymouth
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