26 Arundel Crescent, Plymouth, Devon

Description

A two-bedroom maisonette in Plymouth. Set across the ground and lower ground floor of a mid-terrace property, the accommodation comprises a living room, kitchen, two bedrooms and a bathroom. PVCu D/G, GCH. There will be a new 999 year lease on completion.

Accommodation

Living Room; Kitchen; Bedroom One; Bedroom Two; Bathroom

Location

Plymouth

Tenure / Property Information

Investment Analysis

Recent same-street completed sales range from £60,000 to £135,000. The subject sold for £60,000 in September 2025, while other nearby maisonettes sold for £125,000 in May 2026 and £135,000 in December 2024. Given the substantial variation and limited property-specific detail, £125,000 is used as the base GDV, with £85,000–£135,000 as an evidence-based scenario range. The new 999-year lease is noted, but no exact comparable lease terms or condition evidence are available.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, lease terms, condition and disbursements. The evidence supports potential resale or refinance value, but insufficient rental and cost data prevents a reliable BTL or maximum-bid assessment.

Works Required

No specific refurbishment defects or required works are evidenced. Allowance assumes no identified works, excluding any defects or legal requirements revealed by inspection or the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £70,000 guide plus the disclosed £1,200 administration charge and no identified works allowance, total known cost is £71,200. A 75% refinance against the £125,000 base GDV would be £93,750, implying £22,550 cash released before finance, tax and other costs. This is highly dependent on valuation, mortgageability, lease documentation and undisclosed costs.

Buy-to-Let Analysis

BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The guide is £70,000, with a disclosed £1,200 buyer administration charge; other disbursements remain unknown.

Flip Analysis

Using the £125,000 base GDV and £71,200 known total cost produces an indicative gross spread of £53,800 before selling costs, finance, tax, legal costs and any works. No supported selling allowance or complete project-cost evidence is available, so a formal flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Wide variation in same-street completed sale prices creates uncertainty over GDV.

• No rental evidence prevents reliable BTL yield analysis.

• Legal-pack disbursements are unknown.

• Condition and any required works are not evidenced.

• Refinance depends on lender valuation, mortgageability and lease documentation.

Recommendation

Proceed only after reviewing the legal pack, lease terms, condition and disbursements. The evidence supports potential resale or refinance value, but insufficient rental and cost data prevents a reliable BTL or maximum-bid assessment.

Strategy Rating

Analysis Confidence

Several relevant completed sales are available, including a prior sale of the subject, but comparable values vary widely and there is no rental, condition, full-fee or legal-pack evidence.