4 × 1-bed flat + 2 × 2-bed flat · PL1 3QX
For saleListed 20 daysAuction 27 Oct · in 5 days
Opportunity summary
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About
For sale by online auction on Tuesday, 27 Oct 2026 ending at 11:03 Guide Price £120,000-£140,000 (plus fees).For sale by National Timed Auction, bidding opens 26th of October 2026 and closes 27th October.
A residential development opportunity with planning in principle in Plymouth. Legal pack available to download free of charge from our website.
Residential Development A former chapel in Plymouth with residential planning in principle for four one-bedroom apartments and two two-bedroom apartments.
Further details can be found on the Plymouth City Gov website under planning reference 25/00098/pip. Presently, the accommodation features an open area of approx. 2000sq ft, with a kitchen and W.Cs.
Then there is the main area of approx. 2200sq ft and a mezzanine which leads to a decked roof terrace.
Full details Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website.
All published information is to aid identification of the property and is not necessarily to scale. viewings Please telephone Auction House South West on to request a viewing.
Notice to bidder Please be aware that if your bid is successful on auction day the exchange of contracts will happen immediately after the auction.
Tenure: Freehold EPC Rating: D78 Portrait Video Tour False Additional Fees Buyers Premium: Buyers Premium is a non-refundable £720 inc VAT payable on the fall of the virtual gavel.
Administration Charge - Purchasers will be required to pay an administration fee of £600 (£500 + vat) to the Auctioneers, on exchange of contracts Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information * Guides are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price.
This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion.
Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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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About 60A Emma Place Stonehouse, Plymouth
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