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See how verdicts work2-bedroom flat · PL7 2PS
For saleReduced £10k (−6.3%) on 7 AugListed 258 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary *** no chain & ground floor *** A fantastic opportunity to purchase this two bedroom, ground floor flat within the highly desirable Barncott, Mudge Way.
Offering lift and stairs access, available parking all within a short walk to ridgeway offering local shops, cafes and located opposite a bus stop description Welcome to Barncott, a highly desirable block of over 60's flats with a community of thirty privately owned flats located just a short walk to the Ridgeway.
There are fourteen parking spaces to the rear of the building shared between residents and visitors, although we have been informed by our vendor there are currently parking spaces able to be reserved with the site manager at no current cost adding convenience and an asset compared to similar style properties in the area.
These properties don't hang around long due to its location and specifically flats located on the ground floor such as this one.
There are many benefits of being an owner to these limited flats, varying from desirable parking facilities, a communal garden, short walks to local shops, cafes and bus stops and a communal lounge.
As a resident in Barncott, Royal Mail delivers post direct to your own front door and the arrangement of daily newspapers can be arranged, along with a 24 hour safety alarm system.
Upon completion the new owner will have a share of the freehold. Entrance Hall Two spacious storage cupboards, doors to both bedrooms, bathroom and lounge.
Lounge Double glazed window to front elevation, a brand new electric feature fireplace with surround and access to the kitchen.
Kitchen A kitchen of wall and base units with space for an undercounter fridge and freezer, washing machine and an integrated electric oven, hob and hood.
Bedroom 1 Double glazed window to front elevation and electric heater. Bedroom 2 Double glazed window to front elevation and electric heater.
Shower Room A full sized walk in electric shower with a vanity sink, WC, heater and extractor fan. Communal Garden The flat benefits from a shared garden space to the lower level of the building.
Parking We have been informed by our vendor that there is potential to reserve a parking space, situated to the rear of the building and accessed from the Ridgeway.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
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Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
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General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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
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FAQ
About Flat 9, Barncott, Mudge Way, Plymouth
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