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See how verdicts work2-bedroom flat · PL3 5AJ
Listing removedReduced £5k (−3.1%) on 22 AugListed 136 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within a secluded cul-de-sac within Mannamead, this particularly spacious and well-presented flat enjoys a lovely rear aspect with views of the nature reserve behind.
Internally the property enjoys a lovely large entrance hall, a spacious open plan living room incorporating the lounge, dining and kitchen areas and with a Juliette balcony to the rear aspect.
There are two, good sized double bedrooms, the main with a Juliette balcony and an en-suite shower room, there is also a good sized main bathroom.
Further benefits include double glazing, central heating and externally there are bike and bins stores, communal garden areas to the rear and an allocated parking space located to the front.
Plymouth Homes advise an early viewing to appreciate the size and location on offer within this lovely home.
Ground Floor Entrance Hall Entry is via a secure, communal main entrance and hallway with stairs descending to the lower ground floor level and a private door into 96a, opening into the entrance hall.
Lower Ground Floor Entrance Hall With radiator, wood effect laminate flooring, recessed ceiling spotlights, wall mounted entry phone, recessed ceiling spotlights, airing cupboard housing the hot water cylinder, built in storage cupboard.
Open Plan Living Room (7.50m x 3.38m (24'7" x 11'1")) A lovely spacious reception area incorporating the lounge, dining and kitchen areas.
With double glazed window to the side, two radiators, wood effect laminate and tiled flooring.
The kitchen area is fitted with a matching range of modern base and eye level units with worktop space above, 11⁄2 bowl stainless steel sink unit with single drainer and mixer tap, tiled splashbacks, under-unit lighting, wall mounted concealed boiler serving the heating system and domestic hot water, integrated dishwasher, space for fridge/freezer, fitted electric oven and four ring gas hob with stainless steel cooker hood above.
The lounge/dining area has uPVC glazed double doors opening to the rear with a Juliet balcony enjoying the outlook across the nature reserve behind.
Bedroom 1 (3.82m x 2.76m (12'6" x 9'0")) A lovely sized double bedroom with two built in storage cupboards, radiator, uPVC glazed double doors to the rear with a Juliet balcony also enjoying the outlook, door opening into the en-suite.
En-Suite (1.85m x 1.66m (6'0" x 5'5")) Fitted with a three-piece suite comprising wall mounted wash hand basin, shower cubicle with fitted shower above, low-level WC, tiled splashbacks, chrome radiator/towel rail, extractor fan, shaver point and light, tiled flooring.
Bedroom 2 (3.82m x 2.62m (12'6" x 8'7")) A second double bedroom with double glazed window to the rear enjoying the outlook, built in wardrobe, radiator, recessed ceiling spotlights.
Bathroom (2.22m x 1.62m (7'3" x 5'3")) Fitted with a three-piece suite comprising panelled bath with shower attachment off the mixer tap, low-level WC, tiled surround, chrome radiator/towel rail, extractor fan, shaver point and light, tiled flooring, recessed ceiling spotlights.
Outside Outside of the property is a bike shed, bin store and communal gardens to the rear of the building. Parking To the front of the property is an allocated parking space.
Leasehold The term of the lease for this property is 125 years from 2007. This information was gathered from the information held by the Land Registry.
We have been advised by the seller that the ground rent is £150 per annum.
We have also been verbally informed by the seller, at the time of listing the property, that their maintenance payments/service charge is approximately £1350.04 per annum.
This will be verified by the purchasers legal advisor during the conveyancing process.
We recommend that potential purchasers inform their mortgage company and legal advisor of the lease term and ground rent prior to commencing a purchase.
Agent's Note We’re informed there will be future works to the balconies of the development, and the costs of these works will be split between all owners.
The vendors have therefore agreed to allow for these costs within any negotiations or alternatively they will deposit monies with solicitors to help cover the costs of these improvements, as and when they are required.
Agent's Note These sales particulars are only in draft format and have yet to be approved by the seller. They are therefore subject to change.
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.
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FAQ
About 96A, Grantley Gardens, Plymouth
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