2-bedroom flat · PL1 3DG
For saleReduced £10k (−5.9%) on 2 OctListed 93 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the second floor of the landmark Cargo development in the heart of the Millbay regeneration area, this beautifully presented apartment enjoys an enviable position close to Plymouth's waterfront.
The city centre is just a short walk away, offering an excellent range of amenities including Drake Circus Shopping Centre, the nationally renowned Theatre Royal, the historic Barbican and Plymouth Hoe.
In the opposite direction are the popular Royal William Yard and Mount Wise, while Plymouth Pavilions, a variety of restaurants, cafés, pubs and everyday amenities are all within easy reach.
The development also benefits from beautifully maintained communal gardens, providing attractive outdoor space for residents to enjoy.
The apartment is accessed directly into a bright and spacious open-plan living area.
Floor-to-ceiling windows span the full width of the room, flooding the space with natural light and providing access to a private south-facing balcony.
Recently installed solid wood flooring enhances the contemporary feel throughout.
The modern kitchen is fitted with a range of wall and base units beneath roll-top work surfaces and features a breakfast bar.
Integrated appliances include a slimline dishwasher, washing machine, under-counter fridge and freezer, together with an AEG electric oven and grill, four-ring AEG induction hob and stainless steel extractor hood.
The majority of the appliances have been recently upgraded. A large built-in cupboard houses the combi boiler. An inner hallway leads to both bedrooms and the family bathroom.
The principal bedroom benefits from fitted wardrobes, a south-facing window and a recently upgraded fully tiled en-suite shower room with a walk-in shower, wash hand basin, WC, heated towel rail and fitted mirror.
The second bedroom is a generous double overlooking the surrounding area to the north. Both bedrooms have recently been fitted with new carpets.
The family bathroom is finished with tiled walls and flooring and comprises a panelled bath with shower over, wash hand basin, WC, heated towel rail and fitted mirror.
Externally, the private south-facing balcony offers space for a bistro table and potted plants, creating an ideal spot to relax.
The apartment also benefits from an allocated numbered parking space within the secure underground car park and eligibility to apply for a Zone N residents' parking permit through Plymouth City Council.
EPC Rating: B Balcony Private large decked balcony with views over the communal gardens. Communal Garden Communal residents gardens.
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.
Area
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FAQ
About Flat 42, 12 Hobart Street, Plymouth
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