2-bedroom flat · PL4 6QR
Sold STCListed 259 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £110,000 - £120,000. Located in this quiet tucked away little road is this first floor two bedroomed flat.
The property has been in the same ownership for over 20 years now and the seller is now selling off their investment. The flat is being sold with NO CHAIN.
Off the communal entrance hallway your personal front door opens to the staircase taking you to the first floor.
Off the landing to the rear you have the modern fitted bathroom that has a Jacuzzi style bath with an electric shower fitted over.
The kitchen diner is a really good size to the rear with a range of modern style units with an integral oven and hob. A door leads to the rear fire escape.
Off the main landing you have two bedrooms, a single and a double plus a fabulous large living room that has a bay window to the front with a lovely sunny aspect.
As a focal point there is a gorgeous period style fireplace. The property comes with gas central heating and upvc double glazing. Outside to the rear there is a parking space!
The flat is brilliantly positioned so close to both Mutley Plain and the city center.
Value & comps
No previous sales on record.
Returns
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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
FAQ
About Grafton Road, Mutley, Plymouth. A first floor 2 bedroomed spacious flat that comes with parking to the rear.
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