2-bedroom flat · PL4 8LY
To rentListed 11 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ground Floor, Apartment 1, Waterloo Street, PL4 8LY 2 Rooms Available for 1st July 2027 The Property: A spectacular modern 2-bedroom apartment designed & finished to the highest specification possible.
Both bedrooms are spacious and well designed, and as this is one of our superior properties, each bedroom comes with bespoke built in furniture, their own wall-mounted HD TV and self-controlled ambient LED lighting.
The chic open-plan kitchen, living & dining area provides the ideal space for entertaining guests, or even just for cooking your very own gourmet meal using the ultra-modern appliances.
The apartment is ideally located just a stones' through away from the Uni and the city's main bus route.
The Bedrooms: 2 double bedrooms - £650 per calendar month, per room (Includes: Gas, Water, Electric, WiFi & Communal TV Licence). The Location: Plymouth University - Less than a 2 minute walk.
Plymouth City Centre - Less than a 5 minute walk. Plymouth Train Station - Less than a 8 minute walk. North Hill - Less than a 1 minute walk.
What we think: You just dont find student accommodation like this, this property is more luxurious than most hotels in the city! *Most of our tenancy agreements are intended for students.
Rent is calculated over a 50 week academic year period, subject to the terms of the tenancy agreement and applicable legislation.
A limited number of student properties may have alternative arrangements, which will be clearly explained before any tenancy agreement is entered into.
Our all-inclusive utility rates cover you for a fair usage amount, which has been taken over years of experience with student utility usage in accordance with the current rates.
We do not guarantee any permit parking, we advise each of our tenants to check with the local city council themselves, to confirm the parking or permit situation for the relevant property.
Full time students will be exempt from council tax. We do not take any form of deposit when you apply for one of our Student properties.
On these properties, we will require a holding payment equivalent to 1 weeks rent, along with a UK based guarantor.
Please refer to the terms and conditions section on our website for answers to any other queries.*
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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 Waterloo Street, Plymouth
Explore nearby