2-bedroom house · PL9 8YJ
Listing removedListed 56 days
Opportunity summary
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About
Shared ownership (Advertised price represents 31% share. Full market value £250,000).
This smartly-presented property forms one end of a short, three-house terrace and has a good-sized reception room at the front, a central cloakroom/WC and, at the rear, a full-width kitchen/dining room with integrated appliances.
Upstairs, on the first floor, is a spacious main bedroom plus a second, comfortable, double bedroom and a simple yet stylish, naturally-lit bathroom.
Well insulated walls, roof and floor and high performance glazing make for a very good energy-efficiency rating.
The property comes with a front lawn, an east/south-east-facing rear garden and parking for two cars. Zenith Way is approximately five miles east of Plymouth city centre.
Nearby Sherford Vale School & Nursery is Ofsted-rated 'Good' and there are several other well-thought-of schools in the surrounding area.
The property is held on a very long lease with the freehold transferrable on 100% ownership.
Interested parties are required to complete the shared ownership common application form [ ] (Please note the minimum income and deposit requirements for eligibility.
You do not need to request a viewing separately once you have completed the application form.) Housing Association: Clarion. Tenure: Leasehold (990 years from 26/04/2024).
Freehold transferred on 100% ownership. Minimum Share: 31% (£77,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £428.36 per month (subject to annual review). Service Charge: £30.48 per month (subject to annual review).
Guideline Minimum Income: Dual - £25,800 | Single - £29,200 (based on minimum share and 10% deposit). Council Tax: Band C, South Hams District Council.
Priority is given to applicants living and/or working in this local authority. This property is offered for sale in the condition seen.
The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing.
As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves.
The information in this document supersedes any information given verbally either in person or by telephone.
Interested parties are required to complete the shared ownership common application form [ ] (Please note the minimum income and deposit requirements for eligibility.
You do not need to request a viewing separately once you have completed the application form.) Living Room 12' 2" max. X 12' 0" max.
(3.72m x 3.67m) Kitchen / Dining Room 15' 7" x 10' 8" (4.75m x 3.25m) Bedroom 1 15' 7" max. X 11' 5" max. (4.76m x 3.47m) Bathroom 7' 0" max. X 6' 2" max. (2.14m x 1.89m) Bedroom 2 15' 7" max.
X 11' 1" max. (4.75m x 3.37m)
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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FAQ
About 2, Zenith Way, Plymouth
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