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See how verdicts work3-bedroom flat · PL1 4NQ
Listing removedReduced £5k (−3.4%) on 15 JulListed 157 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the popular Raglan Road, this well-proportioned three-bedroom maisonette offers generous living space, excellent storage, and desirable outdoor features, making it an ideal purchase for first-time buyers, investors, or those seeking a spacious home in a convenient location.
The accommodation comprises a light and airy living area, a well-appointed kitchen with ample storage, and a convenient downstairs W.C.
Upstairs, the property offers two good-sized double bedrooms alongside a well-proportioned third bedroom, currently utilised as a home office, providing flexibility for modern living.
A family bathroom serves the upper floor. Externally, the property benefits from a private balcony, perfect for enjoying outdoor space, in addition to access to well-maintained communal gardens.
Further advantages include allocated parking and plentiful built-in storage throughout.
Devonport is a historic waterfront area of Plymouth, offering a growing community feel with a range of local amenities, schools, and excellent transport links.
The area is well known for its maritime heritage and has seen significant regeneration in recent years, making it increasingly popular with both homeowners and investors.
Nearby, you’ll find shops, parks, and easy access into Plymouth City Centre, along with Devonport Dockyard for employment opportunities.
The property is offered with a long lease of approximately 977 years remaining, providing long-term security and peace of mind.
An early viewing is highly recommended to appreciate the space and versatility on offer.
Agency Notes Lease Term - 999 years from 1 January 2005 Years Remaining on Lease - 977 Service Charges pa - £2400 Ground Rent pa - £100
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 3, Raglan Road, Devon
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