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See how verdicts work2-bedroom flat · PL1 4SW
For saleReduced £40k (−9.4%) on 20 JunListed 484 days
Opportunity summary
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About
**guide price £400,000 - £425,000** A Picturesque first floor apartment situated in Mountwise, boasts unobstructed views of the River Tamar across to Mount Edgcumbe.
This magnificent property is perfect for those seeking a secure lock up and leave by the sea, or simply the lifestyle of living next to the sea. Must be seen to be appreciated.
Description This picturesque first-floor apartment, located within the prestigious Mount Wise development, offers a rare opportunity to enjoy uninterrupted views across the River Tamar and toward the stunning Mount Edgcumbe estate.
Set in a peaceful and well-maintained environment, the property combines elegant design with a prime waterfront location, creating a perfect sanctuary by the sea.
Beautifully presented throughout, the apartment features spacious and light-filled living areas that make the most of the spectacular outlook.
Large windows allow you to fully appreciate the changing light and scenic vistas, whether enjoying a morning coffee or unwinding at sunset.
Ideal as a secure “lock up and leave” residence, the property is perfectly suited for those seeking a low-maintenance coastal retreat.
Equally, it offers an exceptional lifestyle opportunity for those wishing to embrace the pleasures of daily seaside living, with water views, landscaped grounds, and a strong sense of (truncated) Accommodation This bright and spacious first-floor apartment is accessed via a secure communal entrance, with stairs leading to the first-floor landing, where it is one of just two exclusive residences.
Inside, a generous hallway welcomes you, leading to a stunning open-plan living space filled with natural light and cleverly designed bespoke storage.
This beautifully presented area combines comfortable lounge and dining zones with a stylish, contemporary kitchen, featuring a range of matching units, integrated Neff appliances, and complementary worktops.
The reception area boasts breathtaking panoramic views across the communal gardens, the River Tamar, and the Mount Edgcumbe Estate.
The hallway also leads to a luxurious three-piece family bathroom, a handy utility cupboard housing a washing machine and tumble dryer, and two spacious double bedrooms.
The primary bedroom further benefits from a sleek en-suite shower room.
Location The entrance to the Mount Wise development sets the tone immediately, guiding you past the central cricket pitch - a charming focal point within this beautifully restored former military headquarters.
The area has been thoughtfully redeveloped, blending historic listed buildings with a vibrant sense of community.
Maritime Square enjoys a prime position within the development, offering picturesque views over landscaped gardens and the water beyond, with the Mount Edgcumbe estate visible across the way.
The location is within easy walking distance of the popular Royal William Yard, home to a selection of cafés, restaurants, and the Everyman cinema, as well as close proximity to the city centre.
Known as "The Ocean City, " Plymouth boasts a stunning natural harbour, making it a favourite among boating enthusiasts.
The award-winning Mayflower Marina is nearby, enhancing the area's maritime appeal.
To the north, Dartmoor National Park spans over 300 square miles, offering (truncated) Material Information Tenure - Leasehold Lease Length - 999 years from 2011 Ground Rent - £350 Per Annum Service Charge - £2300 Per Annum Council Tax Band- E Local Authority- Plymouth City Council Source Of Heating - Gas Central Heating Source Of Electric - Mains Electric Source of Water - Mains Water Arrangement for Sewerage - Mains Sewerage Broadband Connection - Ultrafast Available Mobile Coverage - EE: Voice Likely, Data Likely.
Three: Voice Likely, Data Likely. O2: Voice Likely, Data Likely. Vodafone: Voice Likely, Data Likely.
Parking - allocated parking Flood Risk - Very low risk of surface water flooding Very low risk of flooding from rivers and the sea Property Accessibility - Communal stairs to the first floor, apartment is fully level.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 43, Maritime Square, Devon
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