1-bedroom flat · PL1 3QQ
For saleListed 4 days
Opportunity summary
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About
This immaculately finished first floor, one-bedroom apartment includes amazing 10-foot ceilings with West facing French doors opening to two Juliet balconies.
Due to it being West facing, this property is incredibly light and airy and benefits from the afternoon sun.
From the front door and attached to the hallway is a separate utility cupboard with a washing machine. This cupboard also houses the heat-exchanger.
The bedroom is a very generous sized double room and has floor to ceiling fitted wardrobes to one side and French doors to an additional side, which opens up to the Juliet balcony and this room can be closed off by a full height door.
The tiled bathroom comprises of a bath with shower over, heated towel rail, a sink and WC with mirror over. The kitchen which is partly separated to the lounge/diner is done so by an opaque partition.
The kitchen includes tiled flooring and houses a variety of integrated appliances including fridge, dishwasher, freezer, ceramic hob and oven and a double sink.
The living room is unique and full of character due to its exposed stone and red brick wall. It has ample space for furniture and has shelves built into the wall.
This room also benefits from another set of full height French doors to the Juliet balcony.
The property includes the transferrable entitlement for 2 parking permits with a yearly permit cost of approximately £870.
Situated in a relatively quiet part of Royal William Yard, above the ‘Arcade’ shopping destination including pop-up market, clothes boutique, pet store, and grocery and farm shop.
The Royal William Yard is a wonderful 8-acre site situated at Cremyll Point and enjoys magnificent views up the river Tamar and across to Cornwall.
Originally constructed in 1824 under the supervision of the famous architect and engineer Sir John Rennie, the magnificent array of Grade I Listed, limestone and granite buildings occupy a fabulous waterside location and are at the heart of the regeneration of both Stonehouse and Plymouth.
The Navy withdrew from the Yard in 1992 leaving these elegant and towering edifices which have been imaginatively regenerated by the renowned developers Urban Splash, who have an impressive record in reviving old, derelict and interesting sites.
The splendid local facilities include the nearby Devils Point, the Royal William Yard itself with galleries, restaurants, the block gym, Everyman Cinema and a water taxi direct to the Barbican Mayflower Steps, a foot ferry to Cremyll and the Mount Edgcumbe Country Park, marina with berths available (subject to arrangements), local pubs, shops and regular public transport to the City Centre, approximately one mile distant.
"Brewhouse" is a Grade I Listed building which has been imaginatively and sympathetically converted to provide a collection of 77 high specification luxury apartments.
This historic building was once capable of producing 30,000 gallons of beer per day and has also been used as a store for rum, a torpedo workshop and finally became the headquarters for the Raiding Squadron of the Royal Marines.
We understand the apartment is held on Lease with 99 years remaining and subject to a service charge of approximately £3200 per year and an annual ground rent of approximately £1, 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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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 The Brewhouse, Stonehouse
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