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See how verdicts work3-bedroom flat · PL4 7EQ
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to this generously proportioned three-double-bedroom ground floor flat, complete with a lower ground floor, situated on Alexandra Road in Plymouth.
This property presents an outstanding opportunity, whether you are a first-time buyer looking to step onto the property ladder or an investor seeking a promising addition to your portfolio.
Having previously been a successful rental property, achieving £850 per calendar month, it offers clear income potential. With a Potential to achieve between £900 - £950 a month.
Upon entering the flat, you are greeted by a welcoming hallway that leads into the main reception room.
This space offers ample room for relaxation and entertaining, benefiting from good natural light.
The layout flows thoughtfully, guiding you through to the kitchen area, which, while functional, offers a superb opportunity for refurbishment, allowing a new owner to create a modern culinary space tailored to their tastes.
The property's design ensures a practical living arrangement, with the main living areas on the ground floor. Descending to the lower ground floor, you will find the three double bedrooms.
Each bedroom is well-sized, providing comfortable and private spaces, making this flat particularly appealing for families, sharers, or those needing dedicated home office space.
The bathroom, also located on this level, serves all three bedrooms and offers scope for modernisation to enhance its appeal and functionality.
Key features of this property include Gas Central Heating and Double Glazing throughout, ensuring a warm and energy-efficient home.
The EPC rating of C and Council Tax Band A further highlight its cost-effectiveness.
A notable external feature is the private outside courtyard, offering a secluded space for outdoor enjoyment, perhaps for a morning coffee or a quiet evening.
Parking is available on-street via a permit, a common and convenient arrangement in this popular residential area.
Located close to Mutley Plain, residents will benefit from easy access to a wide array of local shops, amenities, and transport links, making daily errands and commuting straightforward.
This vibrant area is well-regarded for its convenience and community feel.
This property is more than just a flat; it is a chance to secure a significant asset in a desirable Plymouth location, offering both immediate comfort and considerable future potential.
Smeaton Homes, Plymouth's Landmark Estate Agents, are confident this property will attract significant interest due to its versatile appeal and excellent value.
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 Ground Floor Flat, Alexandra Road, Mutley, Plymouth, Devon, PL4 7EQ
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