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 workStudio flat · PL1 5JA
Listing removedListed 191 daysAuction 22 May · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This property is for sale by conditional online auction, powered by Bamboo Auctions. Place a bid on by 12pm on 22Nd May 2026.
Fantastic buy to let investment opportunity with potential of £600 pcm rental equalling a 17% plus yield. .
This property is being sold by conditional online auction and a non-refundable reservation fee of £6000 or 4.2% + VAT applies, whichever is the greater (in addition to the purchase price).
If you are the successful bidder, you will be charged the amount of £6,000 + VAT (£7,200) or 4.2% +VAT, whichever is the greater, which will be processed online, immediately at the end of the auction, only if you are the successful bidder.
You will then have 20 working days within which to exchange contracts, and a further 28 days to complete the purchase.
Terms and conditions apply to the modern auction method of sale, which is operated by Bradleys Property Auctions.
Definition of a Guide Price and a Reserve Price: Guide Price An indication of the seller’s current minimum acceptable price at auction.
The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase.
It is usual, but not always, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing.
As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued.
This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall.
A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell.
Bids may be accepted by the system but the property will not sell if the bidding does not reach the reserve.
The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Description Fantastic buy to let investment opportunity on the doorstep of Plymouth City Centre as well as being a short walk to the train station and Plymouth University.
Material Information Tenure - Leasehold Lease Length - 999 from 01/06/1986 Leaseholders own a share of the freehold Service Charge - £80 per month Ground Rent - 0 Council Tax - Band A Local Authority - Plymouth City Council Source Of Heating - Electric Mains Electric, Water and Sewerage Property Accessibility - Three flights of stairs
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
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See projected short-stay revenue vs a vanilla BTL for this property.
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Area
Agent & docs
FAQ
About King Street, Plymouth, Devon
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