1-bedroom flat · PL1 2LW
For saleReduced £5k (−5.6%) on 25 SepListed 365 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Stokes Lane is a well presented one bedroom apartment ideally located in the heart of Plymouth’s historic Barbican.
Offering lift access within the building, this property combines convenience with modern comfort, making it an excellent choice for first time buyers or investors.
The apartment features an entrance hall providing access to all rooms. The open plan lounge and kitchen area creates a bright and welcoming living space, perfect for both relaxing and entertaining.
The double bedroom offers a peaceful retreat, complemented by a newly fitted modern shower room finished to a high standard.
The property also benefits from newly installed electric radiators and a new water cylinder, ensuring energy efficiency and comfort throughout the year.
Presented in very good condition, this apartment is ready to move into and offers strong potential for both long term and short term letting.
Its superb central location and modern features make it a standout opportunity in Plymouth’s vibrant Barbican area.
EPC Rating: B Location Positioned in the heart of Plymouth’s historic Barbican district, Stokes Lane lies just a short walk from the waterfront of Sutton Harbour and the charming cobbled lanes for which the area is known.
The location offers excellent accessibility, Plymouth railway station is around 0.8 miles away, while several nearby bus stops provide convenient links across the city.
Daily amenities and leisure are well served independent cafes, seafood restaurants, galleries and the cultural character of the Barbican are right on your doorstep.
What3Words class.beside.breath Entrance Enter via main secure front door with lift and stair access and secure mail box units.
Entrance Hall (4.96m x 0.91m) Doors providing access to all living accommodation and storage cupboard housing the water cylinder.
Kitchen/Lounge (4.41m x 3.01m) Double glazed window to rear evaluation, matching wall and base mounted units with laminate roll top worksurface over.
Stainless steel sink and drainer unit, brickwork style tiled splash blacks. Integrated oven and hob with extraction.
Space and plumbing for a washing machine and dishwasher, space for free standing fridge freezer. Kitchen space flows directly into the lounge area which offers ample of space for lounge furnishings.
Bedroom (3.37m x 2.84m) Double glazed window to the rear elevation, Alcove providing space for wardrobes and draws.
Shower Room (1.86m x 1.62m) Close coupled wc with integrated sink and draw unit, wall mounted vanity mirror, corner shower cubical with Myra electric shower, attractive wall and ceiling panelling chrome heated towel rail and extraction fan.
Agents Notes This Property is Managed by rmg management. Ground Rent £150 p/a Service Charge £2800 p/a
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.
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FAQ
About Flat 7, 2-3 Stokes Lane, Plymouth
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