We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work6-bedroom terraced house · PL4 8LZ
Listing removedListed 245 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to bring to the market this turn key, fully let freehold investment property , generating a gross annual income of £28,800 .
Situated on the ever popular Armada Street , the property benefits from close proximity to Plymouth City Centre , the University , and a wide range of local amenities, making it an attractive location for tenants.
The property comprises three well presented and exceptionally spacious two bedroom flats , arranged across three storeys , providing a total of six bedrooms .
Accommodation Communal Entrance A uPVC front door opens into a shared ground floor hallway. Stairs ahead lead to Flats 2 and 3, with a door to the right providing access to Flat 1.
A corridor at the rear leads to the courtyard. Flat 1 – Ground Floor The entrance opens into an internal hallway. To the left is a bright open plan kitchen/living area .
A hallway leads to the rear of the property, where there are two generous double bedrooms and a spacious aqua panelled bathroom fitted with a modern suite and shower over bath.
EPC: Awaiting updated assessment. Flat 2 – First Floor Located on the first floor, this flat mirrors the layout of Flat 1.
The entrance hallway leads to an open plan kitchen/living area on the left, followed by two well sized double bedrooms and a large aqua panelled bathroom with shower over bath. EPC: C (73).
Flat 3 – Second/Top Floor Positioned on the top floor, Flat 3 also offers an open plan kitchen/living space , two good sized double bedrooms , and a spacious aqua panelled bathroom with shower over bath.
EPC: D (59).
Additional Information Gas central heating uPVC double glazing throughout Situated in a local authority parking permit zone – purchasers and tenants are advised to check permit availability with Plymouth City Council Virgin Media and Openreach broadband available Council Tax Band A for all three flats
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
Agent & docs

FAQ
About Armada Street, Plymouth
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