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 work2-bedroom flat · PL5 1LJ
Sold STCListed 185 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Smeaton Homes, Plymouth's Landmark Estate Agents, are delighted to present this charming two-bedroom ground floor flat, an excellent opportunity for first-time buyers or investors seeking a property with immediate availability.
Located in a well-regarded area of Plymouth, this home offers comfortable living with the added benefit of private outdoor spaces.
Upon entering, you are greeted by a welcoming hallway that provides access to all principal rooms.
The heart of this home is undoubtedly the spacious lounge, which benefits from direct access to the rear garden via patio doors, creating a seamless indoor-outdoor living experience.
This room offers ample space for relaxation and entertaining, bathed in natural light. The fitted kitchen is practical and well-appointed, providing a functional space for culinary endeavours.
While perfectly usable, it also offers scope for a new owner to personalise and modernise to their own taste, adding significant value and reflecting their lifestyle.
This flat boasts Two Double Bedrooms, providing generous accommodation suitable for a small family, couples, or individuals requiring a guest room or home office.
Both bedrooms are well-proportioned, ensuring comfort and privacy. The property includes a well-maintained bathroom, serving both bedrooms and guests.
It is functional and clean, ready for immediate use. One of the standout features of this ground floor flat is the inclusion of both Front & Rear Gardens.
The rear garden, accessible from the lounge, offers a private outdoor sanctuary perfect for al fresco dining, gardening, or simply enjoying the fresh air.
The front garden enhances the property's curb appeal and provides additional outdoor space.
Further benefits include Gas Central Heating and Double Glazing throughout, ensuring a warm and energy-efficient home.
The property comes with a Long Lease Time and, importantly, No Ground Rent, offering peace of mind and lower ongoing costs for the homeowner.
This flat is also offered with No Onward Chain, simplifying the buying process and allowing for a quicker completion.
With an EPC rating and Council Tax Band B, this property represents an economical choice for living in Plymouth.
Smeaton Homes is committed to providing expert insight and value, guiding you through every step of the purchase with a calm, clear, and confidence-building approach.
We understand the local market and are here to offer honest advice, ensuring a smooth and reassuring experience.
This property is a fantastic opportunity to acquire a well-located home with significant appeal.
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 Vicarage Gardens, Plymouth, Devon, PL5 1LJ
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