1-bedroom flat · PL1 3GD
For saleReduced £12k (−7.9%) on 17 OctListed 227 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the historic Grade I listed Royal William Yard on the sought-after Stonehouse Peninsula, this beautifully presented duplex apartment forms part of the iconic Mills Bakery development.
Perfectly positioned with easy access to Plymouth City Centre, the historic Hoe and a variety of marinas, Royal William Yard offers an exceptional waterfront lifestyle in a truly unique setting.
Converted in 2009 by award-winning developers Urban Splash, Mills Bakery is one of the Yard’s most striking buildings, seamlessly blending period character with contemporary design.
Residents are welcomed by an impressive triple-height atrium entrance foyer, showcasing exposed beams and columns, with lift access to all floors.
Located on the second floor, this attractive duplex apartment offers stylish and thoughtfully arranged accommodation.
The main level comprises a bright open-plan living/dining/kitchen area, ideal for modern living and entertaining.
The kitchen benefits from an under-counter fridge and dishwasher, along with access to a useful pantry cupboard.
Also on this level is a well-appointed shower room featuring a shower, wash hand basin, WC and heated towel rail.
Stairs rise to a delightful mezzanine-level bedroom, enhanced by skylights fitted with blinds, allowing an abundance of natural light to flood the space while maintaining privacy.
Royal William Yard itself boasts a vibrant community atmosphere, with an array of popular restaurants and bars, an art gallery, hairdressers, boutique shops and more.
A monthly market showcases a variety of local businesses, alongside occasional live entertainment for all the family to enjoy.
Lang Town and Country highly recommend an internal inspection to fully appreciate not only this charming and beautifully presented apartment, but also the exceptional lifestyle that Royal William Yard has to offer.
We understand the apartment is held on Lease with 100 years remaining and subject to a service charge of approximately £7152 per year, 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
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FAQ
About Flat 47 Mills bakery, 4 Royal William Yard, Plymouth
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