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See how verdicts work2-bedroom flat · PL1 3DQ
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
OFFERS IN EXCESS OF £230,000 A rare opportunity to acquire a characterful two double bedroom seafront apartment, set within one of Plymouth's most iconic Grade II listed Georgian terraces on The Hoe, enjoying outstanding views across Plymouth Sound and towards Drake's Island.
Positioned on the second floor and set slightly back from the water's edge, the apartment combines elevated sea views with a peaceful setting, while remaining just a short walk from Plymouth Hoe and approximately one mile from Drake Circus and the city centre.
The building dates back to circa 1835 and retains beautiful period proportions and architectural character throughout.
The apartment itself offers a well balanced layout extending to approximately 55 sq m (591 sq ft), with two genuine double bedrooms, a bright and welcoming lounge, a separate fitted kitchen, and a well appointed bathroom.
The lounge is a particular highlight, featuring wood flooring, a character fireplace, and a large sash window that perfectly frames the sea view, creating a light filled and atmospheric living space.
Both bedrooms are well proportioned doubles, with the principal bedroom also benefiting from built in wardrobes and a continuation of the impressive outlook.
The kitchen is neatly arranged and practical, fitted with a range of units and contrasting tiled splashbacks, while the bathroom offers a clean, classic finish with a full size bath and shower over.
Externally, residents enjoy access to a large, beautifully maintained gated communal lawn garden, a truly special feature and an ideal place to relax or enjoy Plymouth's famous waterfront events, including the annual fireworks and Armed Forces displays, all with the Sound as your backdrop.
Tenure and management The property is leasehold with a share of the freehold, owning one fifth of the freehold via a residents' management company, 33 Grande Parade Limited.
The lease has approximately 974 years remaining. There is no fixed ground rent. Ongoing costs are kept refreshingly sensible and are shared proportionately between the five owners.
Recent costs (April to September 2025) included approximately £29.31 for grass cutting, £58.51 for communal electricity, and £370 for building insurance. There are no major works planned.
Services and practicalities The apartment is connected to mains gas, electricity, water, and drainage. Heating is via a boiler system.
The EPC rating is C, noting that the Grade II listed status may affect certain energy efficiency improvements.
The property has been well maintained, with no known issues relating to damp, roof, or structure.
Parking Resident on street parking is available via Plymouth City Council permit schemes, with visitor permits also available.
Additional information The property has been owned since 2018 and is offered for sale with no onward chain. The building is well run, the community is friendly, and there are no known disputes.
Use is restricted to a single private dwelling, and there are restrictions on short term or Airbnb style letting.
Council Tax: Band D EPC: Rating C (72) Apartment 2, 33 Grand Parade, The Hoe, PL1 3DQ represents a rare chance to secure a character seafront home with breath taking views, genuine history, and one of the finest communal gardens on The Hoe.
IMPORTANT NOTICE: BUYER ID AND AML CHECKS: All successful buyers will be required to complete customer due diligence checks in accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended), including identity verification and, where applicable, source of funds and/or proof of funds checks.
Hindhead Property uses a third party provider to carry out these checks, for which a non refundable fee of £45.00 applies.
These checks must be completed and satisfactorily passed before a memorandum of sale can be issued.
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 advisers 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
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FAQ
About The Hoe, Plymouth, Devon
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