We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · PL19 9FY
Sold STCListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to purchase a 55% share of this well-presented two-bedroom ground floor apartment , conveniently situated in Whitchurch on the outskirts of Tavistock.
A front garden area leads to steps rising to the front door, opening into well-proportioned and nicely presented accommodation.
The main living space is a generous open-plan kitchen, dining and living area , with a window to the front providing plenty of natural light.
The kitchen is fitted with a modern range of units, while the open-plan layout provides ample space for both dining and comfortable seating.
There are two double bedrooms , both with windows overlooking the rear, including a particularly generous principal bedroom.
The accommodation is completed by a modern fitted bathroom with a shower over the bath, while useful hallway storage, gas central heating and double glazing provide further practical benefits.
Externally, the property benefits from an allocated parking space , together with access to communal gardens .
Buzzard Road is approximately 1.6 miles from the centre of Tavistock, a thriving market town offering an excellent range of independent shops, supermarkets, cafés, restaurants and everyday amenities.
A nearby bus service also provides convenient connections to Plymouth and the surrounding area.
The property is available to purchase through Shared Ownership , with a full market value of £160,000 and a 55% share available at £88,000 .
The current monthly rent payable on the remaining share is £165.00 , with a monthly service charge of £52.84 , giving a total monthly charge of £217.84 .
A brand-new 990-year lease with updated terms will be granted upon completion. Purchase is subject to Shared Ownership eligibility and approval by Magna Housing .
Applicants must have a total household income of less than £80,000 per annum , be unable to afford to purchase a similar property on the open market and be able to fund the purchase of the share through an appropriate mortgage/deposit or sufficient funds.
Further eligibility criteria apply and prospective purchasers will be required to complete the relevant application and financial assessment.
Prices, monthly rental charge and service charge are subject to change and annual review. EPC Rating: C Parking - Allocated parking
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
FAQ
About Buzzard Road, Whitchurch, PL19
Explore nearby
