2-bedroom flat · PL1 3EU
To rentListed 33 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
About This Property An excellent penthouse apartment within the Evolution Cove development.
Redesigned from new to provide additional space with two bedrooms rather than the planned three and a number of premium features were installed. Spacious Loft style open plan living accommodation .
Kitchen with Stainless steel oven, warming drawer, Microwave oven, designer extractor hood, integrated fridge freezer, dishwasher, washer dryer, gas hob with wok ring, and granite worktops.
Huge master bedroom with built-in wardrobes, en suite shower room /WC, Bedroom 2 with built in wardrobes, main bathroom, cloaks cupboard, underfloor heating.
The building is currently undergoing cladding remedial works and is currently clad with scaffold with sheeting obscuring the views and preventing access to the balcony.
When the works are completed there will once again be stunning dual- aspect views from the rear over the city to Millbay Marina, from the front over the City, Mayflower Marina, River Tamar into Cornwall and over the Royal William Yard.
At this time there will also be a full length glass balcony taking full advantage of the views and an additional private sheltered area.
Initially the rent of £1200pcm will be reduced to £1000pcm to compensate for the inconvenience of the current cladding works. Council Tax band D.
For more information or to book viewings please email the office, unfortunately we cannot book a viewing over the phone.
Please note the initial pictures are before the cladding works, the last pictures show the scaffold and sheeting, please contact the office for more information.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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 advisors 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
Agent & docs
FAQ
About 15, Evolution Cove, Stonehouse
Explore nearby