1-bedroom flat · PL6 6QR
Sold STCListed 288 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN This well-presented one-bedroom apartment has been completed to a modern standard throughout and benefits from its own private entrance leading into a welcoming hallway with a large storage cupboard.
The double bedroom is positioned to the front of the property, overlooking the shared garden area.
The contemporary shower room features a walk-in shower cubicle, heated towel rail, low-level WC and matching wash hand basin.
To the rear, the property offers a bright open-plan living and kitchen area, fitted with modern grey wall and base units, oak-effect worktops and integrated electric oven and hob — ideal for comfortable living and entertaining.
Externally, residents can enjoy use of the communal terrace to the front of the property, perfect for relaxing in the evenings.
The location is highly convenient, just a short walk from Southway Shopping Centre, close to local bus routes and the Park & Ride with direct access to the City Centre.
Local schools and nurseries are also nearby. The property is currently tenanted, achieving an annual rental income of £8,100 , providing an attractive yield of approximately 10% .
This makes it an excellent investment opportunity, with the option to purchase with the tenant in situ. Alternatively, the property can be sold with vacant possession.
Should the buyer wish to proceed for owner-occupation, notice will be served to the tenant once an offer has been agreed.
Tenure: Leasehold Lease remaining: 994 years Ground rent: £439 per annum (maintenance charge included) Disclaimer These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither Northwood nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All measurements have been taken as a guide to prospective buyers only and are not precise.
If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.
Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. EPC rating: C. Tenure: Leasehold, Service charge description: Inc in ground rent ,
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
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 advisors 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 Southway Drive, Southway, Plymouth, PL6
Explore nearby