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 house · PL3 4RB
Listing removedListed 105 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £ 230,000 - £240,000. Tucked away along a quiet cobbled back lane, this truly unique one-bedroom end-terrace home offers an abundance of character and history.
Believed to have begun life as an artisan's workshop before later serving as printing premises, it was thoughtfully converted into a stylish home in the mid-1990s, retaining its individuality and charm.
The accommodation is both spacious and versatile, with a welcoming entrance hall leading to a beautifully fitted kitchen/breakfast room, a generous double bedroom with contemporary en-suite shower room, a useful utility/WC and internal access to the impressive integral garage (20'7" x 11'6").
Upstairs, the stunning open-plan living/dining room is flooded with natural light and features stripped and polished floorboards, a feature fireplace and French doors opening onto a fabulous south-facing roof terrace.
Offering excellent privacy and ample space for entertaining or relaxing, this is a real highlight of the home.
Ideally located within walking distance of Hyde Park shops, Mutley Plain, Central Park, the Life Centre, Plymouth City Centre and the highly regarded Hyde Park Primary School, this exceptional home is a perfect first-time purchase for anyone seeking something a little different.
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
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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.
Area
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FAQ
About 2a Wesley Cottages, Peverell, Plymouth
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