1-bedroom flat · PL7 2FG
Sold STCListed 540 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located a short distance from the Ridgeway and all its local conveniences and offered with no onward chain is this beautifully presented one bedroom flat with a southerly aspect balcony Accommodation comprises lounge/diner, fitted kitchen with integrated appliances and granite worktops, double bedroom and modern shower room.
Benefits include electric heating, uPVC double glazing, secure underground parking space and communal gardens. A viewing is highly recommended. Entrance: - Entry phone system through communal doors.
Communal Hallway: - Letter boxes to all flats, door to stairs and lift access.
Flat Entrance: - via Door into: Hallway: - Door to storage cupboard housing water tank and shelving and doors to: Lounge/Diner: - 5.26m x 3.08m (17'3" x 10'1") - uPVC double glazed bay window to the front, wall mounted electric heater and fireplace with electric fire.
Opening into: Kitchen: - 2.76m x 2.06m (9'0" x 6'9") - Wall and floor mounted matching units with stone worktops and matching upstands.
Under counter sink unit with mixer tap over, fitted gas hob with extractor over and built in eye level oven. Integrated fridge/freezer, dishwasher and space for washing machine.
Bedroom - 3.95m x 2.66m (12'11" x 8'8") - uPVC double glazed French doors onto balcony area. Fitted wardrobes and wall mounted electric heater.
Shower Room: - Double shower cubicle with glazed screens, vanity wash basin with cupboard under and low flush W.C. Tiling to all splash back areas and heated towel rail.
Parking: - Situated in the basement of the building is an underground parking area where Flat 14 has one allocated space.
Outside: - To the front of the building is a communal garden area with some lawned and stone chip areas and a storage are housing the bins.
To the rear is a large Communal garden with seating areas and surrounded with mature bushes and trees. To the side of the building is a driveway leading to a secure underground parking area.
Material Information - * Council Tax Band - B Annual Cost £1808.67 * Construction - Standard * Lease - 999 years from 2006 (980 approx remaining) * Service Charge £1494.96 PA approx - Ground Rent £175 PA approx * Mains gas, electric, sewage and water, Electric Heating, * Parking - Underground Allocated Parking * Broadband - Standard-Available, Superfast- Un-available, Ultrafast- Not Available * Mobile (voice) EE-Likely, Three-Likely, 02-Likely, Vodafone-Limited * Mobile (data) EE-likely, Three-Likely, 02-Limited, Vodafone-Limited * Flood Risk - Very Low Risk
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 15 Ridge Park Road, Plymouth
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