2-bedroom flat · PL1 3GD
For saleListed 43 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within the historic Grade I* listed Royal William Yard, Mills Bakery occupies a prime position on the Stonehouse Peninsula, offering easy access to Plymouth City Centre, the historic Hoe and a variety of nearby marinas.
Renowned for its striking architecture and waterside setting, the development combines heritage character with contemporary coastal living.
Converted in 2009 by award-winning developers Urban Splash, Mills Bakery stands as one of the most iconic buildings within Royal William Yard.
Residents are welcomed by an impressive communal entrance foyer featuring a dramatic triple-height atrium with exposed beams and columns, together with lift access serving all floors.
This spacious two-bedroom corner duplex apartment provides stylish and well-proportioned accommodation arranged over two levels.
The property is entered via a welcoming hallway which includes a built-in storage cupboard and a separate utility cupboard.
A modern shower room is fitted with a double shower cubicle, WC and wash hand basin with storage and vanity mirror above.
The heart of the home is the impressive open-plan living space, featuring a vaulted ceiling that enhances the sense of light and space.
The contemporary kitchen is well-appointed with integrated hob and oven, offering ample preparation and storage space.
From the reception room and hallway, access is provided to the second bedroom, which benefits from fitted wardrobes and pleasant views overlooking the central green.
A staircase rises from the living area to an attractive mezzanine level where the principal bedroom is located, complete with its own en-suite bathroom and views down over the main living space below.
Living at Royal William Yard offers far more than simply a home – it provides a unique lifestyle known locally as “Yard Life”.
With an exciting calendar of community events and amenities right on your doorstep, such as the monthly Good Food Market.
For those who enjoy the water, a water taxi provides access to destinations across Plymouth’s waterfront, while Firestone Bay offers the perfect spot for paddle boarding or simply enjoying the spectacular surroundings of Plymouth Sound.
A fantastic opportunity to acquire a distinctive duplex apartment within one of Plymouth’s most sought-after waterfront developments.
We understand the apartment is held on Lease with 100 years remaining and subject to a service charge of approximately £6000 per year and an annual ground rent of approximately £200.
However, 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
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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 52, Mills Bakery, Plymouth
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