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 · PL1 4NE
Sold STCListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious first floor apartment situated in a peaceful location within the convenient central Plymouth area of Devonport.
Available with no chain, the property offers two double bedrooms, a private balcony and present a superb first home or investment purchase.
DESCRIPTION Upon entry into the property a spacious hallway greets you and provides two useful storage cupboards alongside plenty of space for the storage of coats and shoes.
The hallway gives access to a spacious sitting room which enjoys a private balcony, a sizeable kitchen/diner, two double bedrooms both with fitted wardrobes, a bathroom and a separate WC.
The property requires modernisation overall, however does benefit from gas central heating and uPVC double glazing.
There are communal hallways which give access to the apartments, as well as a communal balcony/gathering space and garden areas. Off-road parking is provided by way of an allocated parking space.
Madden Road is a quiet no-through road located within the convenient central Plymouth areas of Devonport, most well known for the Dockyard which is one of Plymouth’s larges employers.
Devonport provides a wealth of local amenities, schooling options and transport links, and Plymouth City Centre is less than one mile away providing further variety of facilities.
Located right next to Plymouth’s gorgeous coastline, the property enjoys easy access to the water via nearby Mutton Cove and The Royal William Yard; a famous part of Plymouth known for its high-end restaurants, apartments and marina.
SERVICES & OUTGOINGS We understand that mains electric, gas, water and drainage are connected to the property. Gas fired central heating.
Council Tax: Plymouth City Council - Band A Lease Information: The property is offered with a 999 year lease from 1st January 1993.
ADDITIONAL INFORMATION Broadband: FTTP—Ultrafast broadband is available—highest available download speed 1800 Mbps, highest available upload speed 220 Mbps. (Ofcom).
Mobile Coverage: Available via EE, O2, THREE and VODAFONE. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
DIRECTIONS What3words:///track.payer.salt
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 Madden Road, Plymouth, Devon, PL1
Explore nearby
