2-bedroom flat · PL1 3DF
Sold STCListed 317 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Grand Parade is an elegant development of waterside apartments conveniently situated to enjoy stunning uninterrupted views across Plymouth Sound, towards The Breakwater, Drake's Island, Jennycliff and all this ever-changing waterfront can offer.
West Hoe offers a range of local amenities which include a Post Office and convenience store, café and doctor's surgery.
A regular bus service operates into the City Centre, and West Hoe Park is approximately 100 yards away.
Known locally as '8 Grand Parade', the development was purpose built in 1988 and offers a range of self-contained apartments enjoying gated parking and lift access to all floors and of course outstanding uninterrupted sea views.
This is a delightful second floor apartment which enjoys views of the sea and has double glazing, electric background heating, an entry phone system, lift and secure private parking.
In brief, the accommodation comprises an entrance hallway, lounge/diner with fabulous views over the sound via the bay window with access to the small balcony.
The kitchen is fully fitted with a range of base units with laminate worksurfaces, matching wall cupboards and an arch letting the light flood in.
There are two double bedrooms, one of which is ensuite, and the main shower room. Externally there is a secure private residents car park with access to an allocated parking space.
The property is being offered to the market with vacant possession and no onward chain, and an internal inspection can be highly advised.
We understand the apartment is held on a Lease and subject to a service charge and an annual ground rent. Please contact agent for more information.
The prospective purchasers consult their own solicitor for formal verification.
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.
Area
Agent & docs
FAQ
About Grand Parade, The Hoe, Plymouth.
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