2-bedroom flat · PL1 3DG
For saleReduced £6k (−3.4%) on 7 JulListed 163 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lang Town & Country are delighted to bring to the market this beautifully presented third‐floor apartment located in the sought‐after Cargo development.
Positioned in the heart of Millbay, the property enjoys close proximity to King Point Marina and is within walking distance of Plymouth City Centre, The Hoe and the historic Barbican.
From Hobart Street, a security‐controlled entrance leads into the communal foyer with individual postal boxes, lift and stair access to all floors, along with entry to the secure under‐building car park.
The development is arranged around an attractive internal residents’ garden. Located just a short distance from the lift, the apartment opens into a bright open‐plan living space.
The reception area features floor‐to‐ceiling glazing with a sliding door leading onto a full‐width balcony.
From here, you can enjoy an open outlook across the communal gardens, with far‐reaching views towards the breakwater and Drake’s Island.
The contemporary kitchen includes a range of integrated appliances such as an under‐counter fridge, freezer, slimline dishwasher, oven, hob and a selection of wall and base units.
The master bedroom is generously sized and benefits from a built‐in wardrobe and a modern en‐suite comprising an enclosed shower, wall‐mounted basin, low‐level WC, heated towel rail, large mirror and tiled flooring.
There is also a well‐proportioned guest double bedroom. The family bathroom offers a bath with shower over, wall‐mounted basin, low‐level WC, mirror, heated towel rail and tiled floor.
The property further benefits from an allocated parking space for one car within the gated ground‐floor car park.
Offered to the market with vacant possession and no onward chain, this apartment is highly recommended for viewing.
We understand the property is held on a lease with 230 years remaining, with a current service charge of approximately £3319.36 per annum and an annual ground rent of approximately £200, but this is subject to periodic review.
This information has been provided in good faith; however, prospective purchasers are advised to seek verification from their solicitor.
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
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FAQ
About 12,Flat 52, Hobart Street, Plymouth
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