Flat 3 Vincent Court, Plymouth, Devon, PL1 3FW

Description

A one bedroom apartment in a Grade II listed building in Plymouth, Devon. The property has an open plan living area and benefits include allocated parking as well as communal gardens. The online unconditional auction starts on 02/11/2026 at 13:00 and closes on 03/11/2026.

Accommodation

Open Plan Living Area; Bedroom; Bathroom

Location

Plymouth, Devon

Tenure / Property Information

Investment Analysis

Five HM Land Registry sales are supplied for St Vincent Court, 16 Craigie Drive, ranging from £186,000 to £275,000, with the latest at £218,000 on 11 December 2025. However, the subject is Flat 3 and the comparables are identified as number 16; no comparable bedroom count, floor area, condition, service charge or ground rent is supplied. The evidence therefore provides market context but does not support a reliable subject-specific GDV.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain a legal pack review, subject-specific valuation, condition inspection, leasehold cost information and rental evidence before considering owner-occupier, BTL or resale use.

Works Required

No refurbishment works are evidenced in the supplied information. Confirm condition, fixtures, fittings, lease obligations, communal-area responsibilities and any listed-building consent requirements 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 quantified because subject-specific GDV, rent and refurbishment costs are unsupported. The long lease is stated as 999 years from 21 April 2011, but refinanceability and lender treatment of the Grade II listed building, leasehold costs and comparable valuation remain unconfirmed.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The non-refundable buyer premium and admin charge total £2,760 before any other possible charges, but service charge, ground rent and other ownership costs are not supplied.

Flip Analysis

A flip surplus cannot be calculated. The supplied completed sales provide context, but they refer to number 16 rather than Flat 3 and do not establish a reliable resale value for the subject. Works, selling costs and other project costs are also unavailable.

Investor Risks & Due Diligence

• Comparable sales are identified as St Vincent Court, 16 Craigie Drive, rather than Flat 3, so their relevance to the subject is unconfirmed.

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied.

• No condition or refurbishment-cost evidence is supplied.

• Leasehold service charge, ground rent and other ownership costs are not supplied.

• The property is Grade II listed, so alterations may require additional controls or consents; none are confirmed in the evidence.

• The £1,560 buyer premium and £1,200 admin charge are non-refundable, and further charges may apply.

Recommendation

Do not bid on the supplied evidence alone. Obtain a legal pack review, subject-specific valuation, condition inspection, leasehold cost information and rental evidence before considering owner-occupier, BTL or resale use.

Strategy Rating

Analysis Confidence

The property description, tenure, lease length, guide price, auction charges and several completed sales are supplied, but the sales are not clearly for the subject unit and there is no rent, condition, size, service charge, ground rent or project-cost evidence.