2-bedroom house · PL9 8FX
Listing removedListed 133 days
Opportunity summary
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About
A beautifully presented two bedroom home in the sought-after new community of Sherford, available to purchase under the Shared Ownership scheme at 40%.
The accommodation comprises an entrance hallway, a convenient WC/utility room, and a stylish modern kitchen/dining room.
To the rear of the property is a bright and spacious lounge with double doors opening onto the garden, creating an ideal space for both relaxing and entertaining.
On the first floor, there are two generous double bedrooms and a contemporary family bathroom.
Outside, the property benefits from an enclosed rear garden featuring a patio seating area, steps leading down to a lawned garden, and a useful garden shed. There is also an allocated parking space.
Sherford is one of the South West’s most exciting new communities, offering a range of local amenities including shops, cafés, a primary school, parks and open green spaces.
Ideally located between Plymouth and the South Hams coastline, it provides excellent transport links to the A38 and easy access to beautiful beaches and countryside walks.
This is a fantastic opportunity to step onto the property ladder and enjoy modern living in a vibrant and growing community.
Available on a shared ownership basis, this home offers a 40% share, providing an accessible route onto the property ladder for first-time buyers.
The monthly costs for the remaining 60% rent are £329.02pcm, with a service charge of £32.36pcm, buildings insurance at £14.97pcm and reserve fund payment of £7.55 pcm.
To be eligible for Shared Ownership, applicants must have a household income below £80,000 per year, be unable to purchase a suitable home on the open market, and have sufficient savings or access to funds for a deposit and associated buying costs.
Applicants must not currently own another property, unless sold subject to contract.
Material information To ensure legal compliance, we require our sellers to complete a Property Information Questionnaire or provide a Material Information Guide along with the title document.
Council Tax Band: C Tenure: Leasehold Full Market Value: £225,000 Share: 40% Shared Ownership Lease Term: 116 Years Remaining Rent: £329.02 pcm Service Charge: £32.36 pcm Buildings Insurance: £14.97 pcm Reserve Fund Payment: £7.55 pcm Property Type: Terraced Property Energy Performance Rating: B Electricity Supply: Mains Supply Water Supply: Mains Supply Sewerage: Mains Supply Heating: Mains Gas Mobile Coverage: O2 - Excellent, Vodafone - Excellent, Three - Good, EE - Good Broadband: Cable Parking: Allocated Parking Restrictions: You cannot sublet your entire home unless you own 100% share or you have your landlord's permission which will only be given in exceptional circumstances Directions What3words location ///common.tests.tell
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.
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FAQ
About 29 Dorado Street, Plymouth
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