We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · PL1 3GD
Listing removedListed 184 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the heart of the iconic Royal William Yard on the highly sought-after Stonehouse Peninsula, this beautifully presented apartment offers an exceptional opportunity to enjoy one of Plymouth’s most vibrant and desirable waterfront destinations.
Steeped in history yet alive with contemporary energy, Royal William Yard has become one of the South West’s most celebrated coastal communities, where stunning architecture, a thriving social scene and breathtaking sea views come together to create a truly unique lifestyle.
Originally designed by the renowned Victorian architect Sir John Rennie and thoughtfully transformed in 2009 by award-winning developers Urban Splash, Mills Bakery perfectly captures the spirit of the Yard, blending striking period features with sleek modern design.
From the moment you arrive, there is a sense of quality and character that sets this development apart.
The apartment itself is thoughtfully arranged on a single storey, offering a well-balanced layout ideal for modern living.
At its centre is a bright and inviting open-plan lounge, dining and kitchen space.
This sociable room is perfectly suited to both everyday living and entertaining, with a well-designed kitchen area providing integrated appliances and practical workspace, all flowing effortlessly into the living area.
The bedroom is a comfortable and well-proportioned retreat, complemented by built-in storage and easy access from the hallway.
Further enhancing the practicality of the home are additional storage and wardrobe areas, ideal for keeping the space uncluttered and organised.
A contemporary shower room completes the accommodation, fitted with a shower, wash hand basin and WC, finished in a clean and modern style. What truly elevates this property is its setting.
Royal William Yard offers an enviable lifestyle, with an outstanding selection of award-winning restaurants, waterside cafés and stylish bars just moments from your door.
Boutique shops, wellness studios, galleries and a regular programme of markets and events create a lively, welcoming atmosphere all year round.
With coastal walks, paddleboarding and panoramic views across Plymouth Sound on your doorstep, it is a place where leisure and lifestyle are effortlessly intertwined.
Whether you are seeking a main residence, a lock-up-and-leave coastal escape or an investment in one of Plymouth’s most prestigious addresses, this apartment delivers on every level.
Offered to the market with no onward chain, it also provides the advantage of a smooth and straightforward purchase.
We understand the apartment is held on Lease with 100 years remaining and subject to a service charge of approximately £2060 and £238 ground rent per year, but this is subject to periodic review.
The above information is provided in good faith although we would recommend that prospective purchasers consult their own solicitor for formal verification.
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.
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FAQ
About Flat 17 Mills Bakery, 4 Royal William Yard, Plymouth
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