1-bedroom flat · PL4 0DQ
For saleReduced £10k (−9.1%) on 2 OctListed 42 days
Opportunity summary
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About
A characterful and well-presented one-bedroom apartment forming part of an attractive stone-built development in the heart of Plymouth, offering an impressive open-plan kitchen/living space with high ceilings and large windows, a double bedroom with built-in storage and a modern shower room.
The property occupies a particularly distinctive building, with its exposed stone elevations, contrasting red-framed windows and period industrial character creating an attractive first impression.
Internally, the apartment combines this sense of character with a contemporary finish, providing bright, practical accommodation that would suit first-time buyers, investors or those seeking a conveniently positioned city base.
The heart of the property is the generous open-plan kitchen and living area, an impressive space enhanced by notably high ceilings and large multi-pane windows.
These windows allow an excellent amount of natural light into the room, while the light décor and wood-effect flooring further contribute to its bright and spacious feel.
The kitchen itself is fitted with a comprehensive range of contemporary wall and base units finished in a combination of cream and wood-effect cabinetry, complemented by dark work surfaces.
A substantial peninsula/breakfast bar provides additional preparation space as well as a natural divide between the kitchen and living areas, with space for bar stools making it ideal for informal dining.
The kitchen also incorporates an integrated oven with hob and extractor above, sink and drainer, appliance space and extensive cupboard storage.
The open-plan arrangement leaves plenty of room beyond the kitchen for a comfortable seating and dining area, allowing buyers to configure the space according to their needs.
A hallway connects the principal accommodation and leads through to the double bedroom, which is neutrally presented and carpeted.
A particularly useful feature is the built-in wardrobe/storage area, providing hanging and shelving space while helping to keep the main floor area uncluttered.
The shower room is fitted with a modern white suite comprising a glazed shower enclosure, wash hand basin and WC.
A large window provides natural light, while tiled areas around the shower give the room a clean and practical finish.
There is also a useful utility/storage area positioned off the hallway, adding valuable additional functionality to the apartment.
The building itself has plenty of visual character, with substantial stonework and bold red architectural detailing reflecting the historic nature of this part of Plymouth.
Access to the property is via the communal areas of the development.
Peacock Lane enjoys a highly convenient position close to Plymouth's historic Barbican and city centre, making the apartment particularly well placed for those wanting shops, restaurants, cafés, entertainment and waterfront attractions within easy reach.
Plymouth City Council describes the Barbican as a picturesque harbour area with specialist shops, restaurants, cafés and attractions.
(Plymouth City Council) The surrounding area offers an excellent selection of places to eat and socialise, while the city centre provides a much broader range of shopping and everyday amenities.
Drake Circus is also within the wider city-centre area, providing a substantial range of retail facilities.
The location should prove particularly appealing to those wanting to enjoy Plymouth on foot, with the historic waterfront, Sutton Harbour, the Barbican and city-centre amenities all accessible from this central position.
The apartment could therefore make an attractive first purchase, city home or investment opportunity. Please note: There is no parking available with this property.
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 10 Peacock Lane, Plymouth
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