1-bedroom flat
For saleListed 1 day
Opportunity summary
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About
Description Situated in the popular Millbay area of Plymouth, this well-presented one-bedroom apartment offers approximately 619 sq ft of accommodation, combining contemporary open-plan living with the valuable benefit of secure allocated parking.
Offered to the market chain-free, with approximately 230 years remaining on the lease, the property is ideally suited to first-time buyers, investors or those seeking a convenient city-centre bolthole.
The apartment is located within a secure, purpose-built development benefiting from lift access.
Upon entering, the entrance hallway features attractive hardwood flooring and a large built-in storage cupboard incorporating plumbing for a washing machine, providing useful additional storage while keeping laundry facilities neatly tucked away.
The accommodation includes a modern three-piece bathroom with a large wall-mounted mirror and a comfortable double bedroom featuring built-in wardrobe space, helping to maximise the available floor area.
The bedroom also benefits from excellent natural light, creating a bright and welcoming atmosphere.
The standout feature is the spacious open-plan kitchen, living and dining area, offering a versatile setting for relaxing, entertaining and everyday living.
The kitchen incorporates a range of wall and base units, complementary work surfaces, tiled splashback and integrated appliances, while hardwood flooring and smooth walls and ceilings enhance the contemporary finish.
Large windows overlooking the surrounding cityscape allow an abundance of morning sunlight to flood the living space, creating a bright and airy environment.
The open-plan layout makes excellent use of the available space, with flexibility to accommodate lounge furniture and a dining area without compromising practicality.
A further advantage is the secure allocated parking, a particularly useful feature in this central location where dedicated parking can be highly desirable.
Combined with the building's secure access and lift facilities, this adds to the property's everyday convenience and overall appeal.
Millbay is ideally positioned for those looking to enjoy Plymouth's city lifestyle, with the vibrant Royal William Yard within walking distance, offering a selection of restaurants, cafés and waterfront attractions.
Plymouth city centre, the historic Barbican, Sutton Harbour and West Hoe are also accessible on foot, providing a variety of shopping, dining, leisure and coastal attractions.
Overall, this is an appealing opportunity to acquire a bright, well-arranged apartment with secure parking, a long lease and a chain-free sale, ideally positioned to enjoy the best of Plymouth's city centre and waterfront lifestyle.
Council Tax Band: B (Plymouth City Council) Tenure: Leasehold (230 years) Service Charge: £656.14 per quarter
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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