34 Kingdom Street, Plymouth, Devon

Description

Leasehold second floor flat

Accommodation

Two bedrooms, reception room open plan to kitchen, bathroom/WC. Outside: balcony.

Location

The property is located on Kingdom Street. A comprehensive range of shops, bars and restaurants can be found within Plymouth City Centre lying to the north east. Public transport links are available at Plymouth Train Station and at Devonport Train Station located to the north, along with a network of local bus services serving the surrounding areas. The property is served by road links including the A386 and the A38, both located to the north. Recreational pursuits can be found at Hoe Park lying to the east.

Tenure / Property Information

Investment Analysis

The £160,000 guide is below the supplied Kingdom Street sold-price range of £177,000–£335,000, but the comparables do not include bedroom count, floor area, condition, parking or other features. They therefore do not support a reliable property-specific GDV or bid limit. The 230-year lease is long, but ground rent, service charge, review terms, parking, heating and any seller completion fees remain unconfirmed.

Investment Snapshot

Strategy Recommendation

Do not commit above the guide based solely on the current evidence. First obtain the lease, service-charge and ground-rent details, inspect the flat, verify comparable specifications and confirm all special-condition fees.

Works Required

No specific defects or refurbishment requirements are evidenced. Confirm condition, communal areas, balcony, services, heating and any required works through inspection and legal documentation before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be established without a supported GDV, rent, refurbishment budget and confirmed leasehold costs. The long remaining lease is positive, but the unknown service charge, ground rent and review provisions require legal and financial confirmation.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Ground rent and service charge are also unknown, preventing reliable net-cost assessment.

Flip Analysis

A flip assessment cannot be established. Although supplied same-street sales range from £177,000 to £335,000, the evidence lacks comparable bedroom, size, condition and specification details, and no refurbishment or selling-cost allowance is provided.

Investor Risks & Due Diligence

• Ground rent, service charge and review provisions are unconfirmed.

• Additional seller completion fees may apply under the Special Conditions of Sale.

• No sufficiently specific rental evidence is available.

• The supplied sold comparables vary materially in price and lack bedroom, floor-area and condition details.

• Parking and heating information is unconfirmed.

• No condition or refurbishment information is supplied.

Recommendation

Do not commit above the guide based solely on the current evidence. First obtain the lease, service-charge and ground-rent details, inspect the flat, verify comparable specifications and confirm all special-condition fees.

Strategy Rating

Analysis Confidence

The evidence includes a guide, long lease and same-street completed sales, but lacks specific comparable attributes, rental evidence, condition, refurbishment costs and key leasehold charges.