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See how verdicts work2-bedroom flat · PL1 4TJ
For saleReduced £5k (−1.4%) on 4 AugListed 198 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Established holiday rental. Ground floor apartment. Two double bedrooms. En suite facilities. Leasehold title. Under floor heating throughout. Rear enclosed patio area. Designated parking.
Coastal location. Beautifully presented. An absolute ‘must see’. Welcome to this absolutely stunning two bedroom Apartment on the coast of Plymouth.
This is a Leasehold Title Property with an annual Service Charge of £3,000.
Situated on the ground floor of a complex it features Entrance Hall with Double Storage Closet, two double Bedrooms including en suite to the Master Bedroom, a light and airy open plan Lounge with double opening patio doors to the enclosed patio area, dining area, modern fully fitted kitchen and three piece bathroom with shower over bath.
There is also the addition of under floor heating to each room which can be individually controlled throughout the apartment either via an app or wall mounted controls in each room.
Outside is a designated parking space.The property is currently operated as a holiday rental, with bookings secured up to September this year, offering an attractive opportunity for those seeking an investment as well as a lifestyle Entrance Hall A good sized Entrance Hall with double opening Storage Closet which also houses a Hotpoint washer/dryer.
Open Plan Lounge/Dining Area/Kitchen Lounge Area A light and airy dual aspect Lounge with ceiling spot lights and double opening doors to the Enclosed Patio Area.
Dining Area Currently used as a Dining Area but can facilitate a Kitchen Island or whatever your heart desires.
Kitchen/Dining Area Kitchen Fitted with modern white, wall and base units, grey counter tops, integral Smeg appliances which include single electric oven, four ring Induction hob with overhead extractor, Fridge/Freezer, Dishwasher ceiling spot lights, natural light from side window and single bowl drainer.
A Hotpoint washer/dryer can be found in the double Storage Closet in the Entrance Hall. Master Bedroom Double Bedroom with access to En Suite. En Suite Tiled with walk-in shower, wash basin and w.c.
Bedroom Two Double Bedroom. Bathroom Three piece Bathroom Suite with shower over bath and shower screen. Rear Patio A great maintenance free Enclosed Patio Area, get the BBQ out!
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
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FAQ
About 21, Mount Wise Crescent, Plymouth
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