2-bedroom flat · PL7 1LJ
Listing removedReduced £20k (−8.7%) on 5 SepListed 282 days
Opportunity summary
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About
This bright two-bedroom retirement flat is set on the second floor of a sought-after over-45s development, close to local amenities and bus routes.
The apartment offers a spacious layout with a lounge opening onto a private balcony with expansive views, plus a kitchen, bathroom and communal gardens.
Description This well-presented two-bedroom retirement flat is situated on the second floor of a highly sought-after retirement development for the over-45s, conveniently located close to a range of local amenities and well-served by good bus routes.
The apartment offers a spacious and thoughtfully arranged layout, filled with an abundance of natural light throughout.
Accommodation comprises a generous lounge providing direct access to a private balcony, a fitted kitchen, bathroom and two well-proportioned bedrooms.
The balcony enjoys expansive views and offers an ideal space to sit and relax, while residents also benefit from beautifully maintained communal gardens, adding to the peaceful and welcoming atmosphere of the development.
Additionally, the complex itself has a wide range of benefits to include a restaurant (catering all year round), a shop, a hairdressers and a beautician.
Independent living at its best with care packages to cater for all.
Material Information What3words - ///task.drove.focus Tenure: Leasehold Local Authority: Plymouth City Council Council Tax Band: C Utilities: Main source of heating: Underfloor heating Mains water: Yes.
Mains sewerage Yes Parking: First come first serve Retirement complex: Over 45's Lease Remaining 108 years as of January 2026 Ground Rent - Peppercorn Management Charges including water - circa £4035.96 Mining search potentially required
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
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FAQ
About Flat 39, The Rise, 35, George Lane, Devon
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