First Floor and Second Floor Flat, 19 Baring Street, Plymouth, Devon PL4 8NF

Description

2 Bed Flat at First Floor and Second Floor Flat, 19 Baring Street, Plymouth, Devon PL4 8NF. Offered in Auction House South West's livestream auction on 9 September 2026. Current catalogue status: For Sale.

Location

The property is located at First Floor and Second Floor Flat, 19 Baring Street, Plymouth, Devon PL4 8NF. Mapping coordinates are populated from the full postcode/address area rather than the broad postcode district.

Investment Analysis

Investment Snapshot

Guide Price	£110,000+
Refurbishment / Works Budget	HB indicative £5,000–£16,500
Purchase + Works	£115,000–£126,500
Estimated GDV / Value	£132,000–£165,000
Estimated Private Rent	£650–£1,000 pcm
Potential Annual Rent	£7,800–£12,000 pa
Gross Yield on Guide	7.1%–10.9%
Suggested Strategy	Buy-to-Let

Strategy Recommendation

Initial strategy: Buy-to-Let. Set a maximum bid after checking the legal pack, condition, finance, local rents and comparable sales.

Works Required

Obtain a survey and contractor quotations. Allow for services testing, compliance, decoration and property-specific structural, roofing, damp, kitchen, bathroom, external or development works.

Rental & Market Context

HB figures are indicative appraisal ranges. Verify achievable rent, demand, voids, management costs and resale values using current local evidence.

Sold within approximately 5 miles

Check recent Land Registry sales and closely matched local comparables for type, size, tenure and condition before bidding.

Potential BRRR Position

Refinance potential depends on completed condition, lender valuation, tenure and rental stress testing. Development and commercial assets require specialist lender criteria.

Flip Analysis

Indicative gross spread before transaction and finance costs is approximately £5,500–£50,000. This is not profit and excludes SDLT, fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where the verified total project cost supports the intended buy-to-let strategy with adequate contingency and margin.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆