1-bedroom flat · PL5 1DQ
Listing removedListed 181 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary limited available. This stunning home is offered to the market on a shared ownership basis available from a 35% share. Shared ownership!
Description The rare opportunity to be able to purchase plot 57 which is a 1 bedroom brand new shared ownership home, with allocated parking. Situated on the brand new Tamar Gardens development.
19 Wilkinson Road, Plymouth Full Market Value - £150,500 35% Share - £52,675 Rent pcm - £224.18 Service Charge - £21.97 get in touch today!
Viewing strictly through Fox & Sons Agents Note This property has an offer accepted subject to contract but is still currently available to view.
Location We're proud to be transforming what was once Britain's largest Naval community into a neighbourhood that will offer high quality homes and lots of open space.
This exciting regeneration in Barne Barton will feature a new green street that will enable residents to share play spaces and green pathways that offer views over the Tamar Estuary, an Area of Outstanding Natural Beauty.
What Is Shared Ownership? You buy an initial share in your new homes - usually between 25% and 75% - and you pay a discounted rent on the remaining share.
The share you buy will be the most you can afford based on a financial assessment.
Then, if your financial circumstances change, you can buy further shares as and when it is appropriate to you, and in most cases you can own your home outright.
It does not mean that you have to share your home with anyone! Not just for first time buyers!
Are You Eligible You are not eligible to apply if you: -Already own a home, or -Are selling your current home but it is not yet under offer (sold subject to contract).
Basic shared ownership criteria: -You cannot afford to buy a similar home on the open market. -You do not have any County Court Judgements (CCJs) against you.
-Your household income does not exceed £80,000. -You can afford the mortgage and deposit for the share you wish to purchase, or you have enough equity to buy the share.
-You do not own another property (if you do, it must be sold before completing on the shared ownership home). Who Are Clarion?
With over 100 years’ experience of developing and selling new homes, we combine award-winning, well-designed properties with excellent pre-sale and aftercare services.
Developing new Shared Ownership homes, we provide options for a range of customers at varying price points.
Clarion Housing Group comprises the largest housing association in the country, with 125,000 homes across more than 170 local authorities.
It also includes a charitable foundation, Clarion Futures, and is one of the country’s leading housebuilders.
Please Note We will endeavour to use the photographs and virtual tours of the actual property but may also show pictures/videos of the showhome, other plots on the development and/or computer generated images.
Floorplan images may be handed. All costs are correct at time of publication but could be subject to change. Reservations are subject to a £350 reservation deposit.
Latimer reserves the right to review the property prices until the reservation deposit has been paid.
Monthly rent is calculated at 2.75% per annum of the value of the share that you do not initially buy. Lease details are currently being compiled. For further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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 advisors 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 Plot 57, Tamar Gardens, 19, Poole Park Road, Plymouth
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