3-bedroom terraced house · PL1 3NL
Listing removedListed 428 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The are set within the walled, landscaped grounds of the former Royal Naval Hospital.
Many of these historic buildings have been beautifully transformed into homes, creating a charming, gated community.
This remarkable redevelopment is part of a designated Conservation Area and benefits from 24-hour security.
Conveniently located less than a mile west of Plymouth’s City Centre, The Millfields is a short walk from the trendy Royal William Yard and the waterfront, with ferry connections to Cremyll and Mount Edgcumbe Park.
The nearby A38 provides easy access to Cornwall and Exeter.
7 The Old Laundry is an elegant, well-presented and spacious period property which has an abundance of light and versatile accommodation set across two floors.
The wonderful home is bursting with character and is well presented throughout.
The accommodation comprises of an entrance hall with a large storage cupboard, modern kitchen equipped with a range of wall and base units, solid counter tops, built in Bosch dishwasher, conventional oven and microwave, whilst there is also a space for an American fridge freezer and an area for dining table and chairs.
To the rear of the ground floor is the lounge patio doors to the rear garden which is accessed via a set of steps. The garden enjoys a westerly facing aspect and is a blank canvas for the new owner.
Also on the ground floor is a WC for added convenience. Stairs lead up to the first floor where there are three bedrooms.
The master bedroom enjoys pleasant views across the green spaces to the rear and has the bonus of the ensuite shower room.
The two further bedrooms share the family bathroom which is complete with a bath and handheld shower over, wash hand basin, heated towel rail and WC.
Externally to the front the property comes with 2 parking space directly opposite the house. We understand the property is being sold with no onward chain.
The development is run by a management company and there is a yearly charge for the maintenance and upkeep of the estate, this is approximately £1,523.94 PA.
The details of which should be confirmed by your solicitor.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 The Old Laundry, The Millfields, Stonehouse.
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