2-bedroom flat · PL1 3QP
For saleReduced £10k (−4.5%) on 4 SepListed 119 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set on the second floor of an elegant waterfront building dating back to 1880, this beautifully refurbished two-bedroom apartment forms part of a thoughtfully converted collection of homes in one of Plymouth's most sought-after locations.
Combining period character with modern living, it offers an abundance of natural light and stunning waterside views.
The apartment is also ideally positioned just a minute's walk from the vibrant Royal William Yard, home to a range of popular restaurants, cafés, a gym and cinema, creating a fantastic lifestyle offering right on your doorstep.
For those who enjoy the outdoors, Firestone Bay is moments away, providing one of Plymouth's most popular spots for sea swimming, paddleboarding and enjoying the waterfront.
The apartment has undergone a complete refurbishment, including a full rewire, new flooring, décor, bathroom and a stylish Howdens kitchen.
Integrated appliances include a washing machine, slimline dishwasher, fridge freezer, induction hob and electric oven, creating a sleek and practical space for everyday living.
Both bedrooms are generously proportioned, while the contemporary bathroom features a luxurious walk-in shower. Throughout, the apartment feels bright, fresh and ready to move into.
The standout feature, however, is the view.
From the second bedroom in particular, the outlook across the water is simply breath-taking, offering an ever-changing backdrop of boats, tides and sunsets that never fails to impress.
Further benefits include an allocated parking space to the rear, attractive communal gardens and a substantial vaulted lock-up storage area beneath the building.
Properties in this location are rarely available. Combining waterfront living, modern comforts, private parking and exceptional views, this is a home where the location truly speaks for itself.
An early viewing in highly recommended.
Second Floor Kitchen/Living Room (3.85 x 4.69 (12'7" x 15'4")) Shower Room (1.36 x 3.52 (4'5" x 11'6")) Bedroom 1 (3.18 x 4.52 (10'5" x 14'9")) Bedroom 2 (3.29 x 3.64 (10'9" x 11'11"))
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
Agent & docs
FAQ
About Flat 6, 124, Durnford Street, Plymouth
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