Flat C, 19-20 Wyndham Square, Plymouth, Devon

Description

A one-bedroom flat set within a Grade II Listed building in Plymouth. Requiring renovation throughout, the accommodation comprises a living room, kitchen, bedroom and bathroom. GCH. The property is conveniently located within walking distance to Plymouth city centre.

Accommodation

Living Room; Kitchen; Bedroom; Bathroom

Location

Within walking distance to Plymouth city centre; set within a Grade II Listed building in Plymouth.

Tenure / Property Information

Investment Analysis

Completed sales supplied range from £75,000 to £126,500. The most recent comparable is 19 Wyndham Square at £75,000 on 26 November 2025. However, the comparables are not bedroom-, size-, condition- or floor-specific, so a precise market value cannot be established. A broad evidence-based scenario range of £75,000 to £126,500 is used, with £100,750 as a midpoint estimate only.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Treat this as a conditional refurbishment-led resale opportunity only after a survey, listed-building/lease review and fixed refurbishment quotations confirm sufficient margin.

Works Required

Renovation throughout is stated as required. The evidence identifies a living room, kitchen, bedroom and bathroom, but does not specify individual defects, specification or refurbishment costs. A survey and contractor quotations are required before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A new 999-year lease is stated to be provided on completion, and the flat requires renovation throughout. A refinance at 75% of the midpoint GDV would be approximately £75,562.50, but total project cost cannot be calculated because refurbishment costs and other potential fees are unknown. BRRR viability is therefore unproven.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield, operating margin and maximum purchase price cannot be calculated. The renovation requirement also creates an unquantified initial expenditure.

Flip Analysis

A resale scenario can be considered against the supplied completed-sale range, with a midpoint GDV estimate of £100,750. A flip surplus cannot be calculated because refurbishment costs, legal costs, selling costs and other auction-related costs are not fully evidenced. The £600 buyer premium and £1,200 admin charge are known, while additional costs may apply.

Investor Risks & Due Diligence

• Renovation is required throughout, but no scope or cost estimate is supplied.

• No sufficiently specific rental evidence is available, so BTL yield cannot be assessed.

• The comparable sales vary materially from £75,000 to £126,500 and are not confirmed as directly comparable in size, layout or condition.

• The building is Grade II Listed, so proposed works may require additional review or consents; the evidence does not confirm the applicable process.

• Leasehold service-charge, ground-rent and other lease obligations are not supplied.

• Additional search, seller-cost reimbursement, legal and transfer fees may apply beyond the stated £600 buyer premium and £1,200 admin charge.

Recommendation

Do not bid on the current evidence alone. Treat this as a conditional refurbishment-led resale opportunity only after a survey, listed-building/lease review and fixed refurbishment quotations confirm sufficient margin.

Strategy Rating

Analysis Confidence

There are several local completed sales and a stated new 999-year lease, but the comparables lack matching bedroom, size and condition details; no rent evidence or refurbishment costs are supplied; and additional fees remain unspecified.