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See how verdicts work1-bedroom flat · PL21 9PS
For saleReduced £5k (−3.3%) on 9 OctListed 149 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fabulous first floor conversion within Glanvilles Mill of what were former purpose built offices with prime views over The River Erme.
The property has been converted to a high specification with accommodation comprising an entrance hall, open plan living/dining/kitchen area with Juliet balcony, double bedroom and modern shower room.
The kitchen is integrated and the flat is Upvc double glazed and has electric heating. There is communal parking at rear. No chain. EPC tbc.
A fabulous first floor conversion within Glanvilles Mill of what were former purpose built offices with prime views over The River Erme.
The property has been converted to a high specification with accommodation comprising an entrance hall, open plan living/dining/kitchen area with Juliet balcony, double bedroom and modern shower room.
The kitchen is integrated and the flat is Upvc double glazed and has electric heating. There is communal parking at rear. No chain. EPC tbc.
Ground floor communal entrance Approached of both the Glanvilles Mill shopping area and the car park giving access to flats 1,2,3,4 & a first floor office.
First floor communal landing With Upvc double glazed windows and skylight windows. Self contained entrance hall bedroom 11' 5" x 9' 2" (3.50m x 2.80m) Upvc double glazed window.
Shower room/WC 7' 5" x 6' 5" (2.28m x 1.96m) Modern suite comprising shower, low level WC and wash basin.
Living/dining area 15' 4" x 11' 3" (4.69m x 3.44m) Double aspect with Upvc double glazed windows and French doors with Juliet balcony overlooking The River Erme.
An open plan area connecting with: Kitchen area 8' 1" x 6' 7" (2.48m x 2.02m) Upvc double glazed windows overlooking The River Erme, modern range of base units and work surfaces, integrated oven, hob, extractor, washer/dryer, fridge/freezer and dishwasher.
Exterior There is parking at rear on a first come first served basis. Tenure The property will be sold with a new 999 year lease.
We await confirmation of the ground rent and service charge which will be payable. Council tax The Council Tax has yet to be affirmed, but we anticipate that this will be band A.
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
Agent & docs
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FAQ
About Flat 2, 19a, Glanvilles Mill, Ivybridge
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