2-bedroom flat · PL7 2PS
For saleListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to this spacious and well presented two bedroom ground floor retirement apartment, ideally positioned in the heart of The Ridgeway and offered to the market with no onward chain.
Perfect for those looking for a comfortable, convenient and sociable lifestyle, the property enjoys an excellent range of shops, cafés, amenities and transport links virtually on the doorstep.
The apartment forms part of a friendly and well maintained retirement development, offering the reassurance of an on site house manager together with excellent communal facilities.
Upon entering, you are welcomed into a generous entrance hallway with two useful storage cupboards, providing plenty of space for coats, household items and everyday essentials.
There are two well proportioned bedrooms, both enjoying a pleasant front facing outlook through uPVC double glazed windows and benefiting from built in mirrored wardrobes, providing excellent storage without compromising on floor space.
The spacious lounge is a particularly inviting room with ample space for comfortable seating as well as a dining area if desired.
The front facing aspect allows plenty of natural light into the room, while a door leads conveniently through to the kitchen.
The kitchen is fitted with a good range of wall and base mounted units with complementary work surfaces, a stainless steel sink and drainer and inset halogen hob with extractor above.
There is also space for an oven, washing machine and fridge freezer.
Completing the accommodation is a practical shower room comprising a low level WC, wash hand basin set within a vanity unit and a generous walk in double shower with electric shower above.
The development itself offers a wonderful sense of community, with attractive communal gardens, residents' parking available on a first come, first served basis and a welcoming communal lounge providing an ideal space to socialise with fellow residents.
An on site house manager provides further reassurance. A particularly appealing feature of the development is the involvement residents have in its management.
Leaseholders have a greater voice in how the building and communal areas are managed and maintained, helping to ensure decisions reflect the interests of those living within the development.
This can provide greater transparency over the ongoing management of the building as well as an added sense of involvement and community.
With everything needed for day to day living within easy reach, this lovely ground floor apartment is a fantastic opportunity for those looking for a more manageable home without compromising on space, independence or convenience.
Offered with no onward chain, it is ready for its next owner to make their own.
An internal viewing is highly recommended to fully appreciate the accommodation, location and lifestyle this retirement development has to offer.
Lease Information Lease: 999 years from 1 June 2016, with approximately 988 years remaining Service Charge: Approximately £260 per month.
The development benefits from resident involvement in its management, giving leaseholders a greater say in the management and maintenance of the building and communal areas.
What3words /// chin.pile.pills Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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.
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FAQ
About Ground Floor Flat, Barncott Mudge Way, Plymouth
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