2-bedroom flat · PL5 1LJ
Sold STCListed 203 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to this inviting two-bedroom, first-floor flat, perfectly situated in the popular St Budeaux area, specifically at the top end of Penross Road.
This property presents an excellent opportunity for first-time buyers looking to step onto the property ladder or for investors seeking a valuable addition to their portfolio.
Upon entering, you are greeted by a well-maintained living space that immediately feels like home.
The flat offers a practical layout, encompassing 43 square metres, ensuring comfortable living without feeling cramped.
The main reception room provides a welcoming area for relaxation and entertaining, benefiting from ample natural light.
The Fitted Kitchen is both functional and stylish, offering sufficient space for meal preparation and storage. It is designed to cater to modern living, making daily routines a breeze.
The property boasts two well-proportioned bedrooms, providing comfortable retreats at the end of the day. The single bathroom is conveniently located and well-appointed.
One of the standout features of this flat is its Own Enclosed Garden.
This private outdoor space offers a fantastic opportunity for gardening, outdoor dining, or simply enjoying the fresh air, a rare and highly sought-after amenity for apartment living.
The property benefits from Gas Central Heating and Double Glazing throughout, ensuring warmth and energy efficiency, contributing to its favourable EPC: C rating and Council Tax Band A.
Location is key, and this flat excels in that regard. It is ideally positioned Close to Local Shops, making everyday errands convenient.
For leisure, a short walk to the waterfront and Local Pub offers delightful options for recreation and socialising, allowing residents to fully embrace the vibrant local community spirit.
Smeaton Homes, Plymouth's Landmark Estate Agents, are proud to present this property, reflecting our commitment to connecting people with homes that truly fit their lifestyle.
We understand the local market and are here to provide expert insight and honest advice, guiding you through every step of the process with a calm, clear, and confident approach.
This property is offered at Offers In Region Of (OIRO) £110,000, representing excellent value in a desirable location.
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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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
Agent & docs
FAQ
About Vicarage Gardens, Plymouth, Devon, PL5 1LJ
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