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See how verdicts work1-bedroom flat · PL1 3AB
Sold STCReduced £8k (−5.8%) on 14 OctListed 47 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Crescent is an attractive development of stylish modern apartments occupying a superb central location, within easy walking distance of the historic Hoe, Plymouth City Centre, Theatre Royal and the emerging waterfront at Millbay.
The nearby King Point Marina also provides an exciting opportunity for boating enthusiasts, while the surrounding area offers an excellent choice of restaurants, cafés, shops and leisure facilities.
This impressive terrace of Grade II listed buildings has undergone a renaissance in recent years, with many of the properties now thoughtfully converted into highly desirable residential homes.
Combining the charm and character of the original architecture with the convenience of modern apartment living, The Crescent provides an enviable city-centre lifestyle.
An original front door opens into an elegant communal entrance hall, with stairs and a lift providing access to the upper floors.
The apartment itself is situated on the first floor and is approached via an inner hall, with doors leading to the principal rooms.
The impressive reception room is a particular highlight, and original-style sash windows which allow an abundance of natural light to flood the space.
High ceilings enhance the sense of space, while the beautifully presented lounge/diner provides an ideal setting for both relaxing and entertaining.
The contemporary kitchen is exceptionally well appointed, with triple ached windows to the rear, incorporating a range of stylish gloss-fronted wall and base units complemented by solid work surfaces.
A comprehensive range of integrated appliances includes a larder fridge/freezer, dishwasher, washer/dryer, oven and electric hob.
The master bedroom enjoys a pleasant southerly aspect and benefits from an original sash window, providing excellent natural light.
The beautifully appointed en-suite shower room comprises a shower, WC and wash hand basin, with part-tiled walls and a heated towel rail completing the contemporary finish.
Externally, the property benefits from an allocated parking space, a particularly valuable feature given the highly convenient central location.
Agents' Note: The apartment benefits from lift facilities and a secure communal lobby with individual postal boxes.
An early viewing is highly recommended to fully appreciate this beautifully presented apartment, which successfully combines period character, stylish modern accommodation and an exceptional central location.
We understand the apartment is held on Lease with 989 years remaining and subject to a service charge of approximately £2,200 per year, 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
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
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FAQ
About 12,Flat 5, The Crescent, Plymouth
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