1-bedroom flat · PL7 2PS
For saleReduced £10k (−9.1%) on 11 JulListed 139 days
Opportunity summary
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About
A one-bedroom lower ground floor retirement apartment situated directly by The Ridgeway shopping centre and excellent bus routes.
The property features a living room, kitchen with window, wet room, and access to communal gardens and residents' lounge.
Benefits include level access from the front, lift access within the development, and communal parking available.
Description A spacious one-bedroom lower ground floor retirement apartment, ideally situated in a highly convenient location directly on to The Ridgeway shopping centre, offering easy access to a range of local shops, amenities, and excellent bus routes.
The accommodation comprises living room, a fitted kitchen with a window providing natural light and ventilation, a spacious bedroom, and a practical wet room designed for ease of use.
The apartment forms part of a popular retirement development with communal spaces, including well-maintained gardens and a residents' lounge, creating opportunities for socialising.
The development benefits from a lift serving the upper floors from the rear entrance, while the apartment also enjoys level ground-floor access from the front of the building, enhancing accessibility.
Residents additionally have use of communal parking to the rear, available on a first-come, first-served basis.
Material Information What3Words - ///bend.volunteered.cans Tenure: Leasehold Share of Freehold Local Authority: Plymouth City Council Utilities: Main source of heating: Electric Mains water: Yes.
Mains sewerage Yes Parking: First come first serve Retirement complex: Over 60's Lease Remaining 990 years as of June 2016 Management Charges, Including buildings Insurance £3120 Metalliferous Mine Search may be Required
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.
Area
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FAQ
About Flat 7, Barncott,, Mudge Way, Devon
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