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See how verdicts work2-bedroom flat · PL1 3LB
For saleListed 95 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Superbly-situated central city top floor penthouse apartment with balcony and fabulous far-reaching views.
The accommodation comprises an entrance hall, dual aspect living room, adjacent kitchen, 2 double bedrooms and shower room. All the usual McCarthy & Stone facilities.
The apartment has double-glazing & electric heating. No onward chain. Over 60s only. Wesley Court Millbay Road, Plymouth, Pl1 3Lb Accommodation Front door opening into the hall.
Entrance Hall (6.27m x 1.24m (20'7 x 4'1)) Providing access to the accommodation. Storage heater. Recessed cupboard housing the electric meter, consumer unit and shelving.
Further recessed cupboard with slatted shelving, hanging rails and housing the boiler. Loft hatch.
Living Room (5.36m x 3.25m (17'7 x 10'8)) Dual aspect with 2 windows with fitted blinds to the side elevations providing lovely views towards Mount Edgecumbe and glimpses of the sea.
To the rear, a full-height window with glazed doors opens onto the balcony, which enjoys views over Plymouth towards Central Park. Glazed double doors opening into the kitchen.
Kitchen (2.21m x 2.11m (7'3 x 6'11)) A range of base and wall-mounted cabinets with matching fascias, work surfaces and tiled splash-backs. Stainless-steel single drainer sink unit. Built-in oven.
Separate AEG electric hob with a cooker hood above. Integral fridge. Integral freezer. Window with fitted blind providing views over the balcony towards Central Park.
Bedroom One (4.04m x 4.04m to wardrobe rear (13'3 x 13'3 to war) Recessed wardrobe with bi-folding mirrored doors.
Additional built-in wardrobes, cupboards and bedside cabinets with a matching headboard. Window with fitted blinds with views over the balcony over Plymouth towards Central Park. Electric heater.
Bedroom Two (3.18m x 2.82m (10'5 x 9'3)) Window with fitted blind providing views over the balcony over Plymouth and towards Central Park. Wardrobe.
Shower Room (2.06m x 1.70m (6'9 x 5'7)) Comprising an enclosed shower with glass sliding doors, basin with a cabinet beneath and a mirror with light over and wc. Mirrored cabinet.
Wall-mounted electric fan heater. Wall-mounted electric heated towel rail. Fully-tiled walls.
Balcony (11.43m x 1.55m (37'6 x 5'1)) Running the full-width of the property with lovely views over the surrounding area including views over Plymouth towards Central Park and views towards Mount Edgecumbe with glimpses of the sea.
Council Tax Plymouth City Council Council tax band B Agent's Note Please note that the current owners are unable to provide exact information about the lease length.
We understand the lease to be 104 years remaining on a 125 year old lease which started in 2005. The service charge is approximately £2375.41 paid twice yearly.
The ground rent is approximately £230 paid twice yearly.
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
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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 Flat 66, 1, Millbay Road, Plymouth
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