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See how verdicts work2-bedroom flat · PL1 3GD
For saleReduced £25k (−8.3%) on 18 SepListed 142 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the iconic Grade I* listed Royal William Yard, this exceptional second-floor apartment enjoys a prime position on the Stonehouse Peninsula, offering easy access to Plymouth City Centre, the historic Hoe and a selection of nearby marinas.
Renowned for its vibrant waterfront setting, Royal William Yard offers an outstanding mix of restaurants, bars, boutique shops, galleries, a hair salon and regular monthly markets with live entertainment and local artisan traders.
Originally converted in 2009 by the award-winning developers Urban Splash, Mills Bakery is one of the development’s most recognisable buildings, blending striking historic architecture with contemporary waterfront living.
Residents are welcomed by an impressive triple-height atrium entrance featuring exposed beams and columns, with lift access to all floors.
Occupying a desirable position within the building, this beautifully presented apartment enjoys stunning views across the Royal William Yard Marina, and over the River Tamar, providing a constantly changing waterfront backdrop.
The accommodation has been thoughtfully arranged to maximise both space and natural light, with large warehouse-style windows framing the outlook and enhancing the character of the property.
At the heart of the home is an impressive open-plan kitchen, dining and living space, creating a wonderful environment for both everyday living and entertaining.
The contemporary kitchen is fitted with a range of integrated appliances and a central island unit, while the generous living area offers ample room for seating and dining, all positioned to take full advantage of the spectacular waterside views.
There are two well-proportioned double bedrooms, both offering excellent storage.
The principal bedroom benefits from a fitted wardrobe, whilst the second bedroom provides versatile accommodation, ideal as a guest room, home office or additional reception space.
A spacious shower room is fitted with a modern suite, and a useful utility cupboard provides further practicality.
Combining historic charm with modern convenience, this superb waterfront apartment represents a rare opportunity to acquire a stylish home within one of Plymouth’s most sought-after developments.
Whether as a permanent residence, lock-up-and-leave coastal retreat or investment purchase, the property offers an enviable lifestyle in the heart of Royal William Yard.
We understand the apartment is held on Lease with 102 years remaining and subject to a service charge of approximately £4,657.96 per year and an annual ground rent of approximately £395 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
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 4,Flat 24, Mills Bakery, Plymouth
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