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

Description

A one-bedroom flat set within a Grade II Listed building in Plymouth. Requiring refurbishment 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

Conveniently located within walking distance to Plymouth city centre.

Tenure / Property Information

Investment Analysis

The most relevant evidence is the £75,000 completed sale at 19 Wyndham Square in November 2025. Other Wyndham Square flat/maisonette sales were £112,000 and £126,500, but the evidence does not confirm their bedroom count, condition or precise comparability. A £100,000 base GDV is therefore an indicative midpoint scenario, not a formal valuation. A £75,000–£126,500 evidence range is used, subject to the subject flat requiring refurbishment throughout.

Investment Snapshot

Strategy Recommendation

Proceed only subject to a detailed inspection, refurbishment quotation and review of the special conditions and leasehold costs. The property may suit a refurbishment-led BTL, but the guide alone is not enough to set a safe bid.

Works Required

Refurbishment throughout to the stated living room, kitchen, bedroom and bathroom. The evidence does not provide a detailed specification or cost allowance, so no refurbishment budget is assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £100,000 base GDV, a 75% refinance scenario is £75,000. Whether this would recover the purchase price, refurbishment and auction costs cannot be determined because the refurbishment allowance, finance costs and further legal or disbursement charges are not supplied.

Buy-to-Let Analysis

The single rental listing indicates an advertised asking rent of £650 pcm, equivalent to £7,800 annually; it is not evidence of achieved rent. Against the £55,000 guide, the gross yield is approximately 14.18% before refurbishment, finance, leasehold costs, voids and management. A yield on total project cost cannot be established because refurbishment costs and other completion costs are unknown.

Flip Analysis

The evidence-supported GDV scenarios are £75,000 low, £100,000 base and £126,500 high. A flip surplus cannot be calculated because refurbishment costs and selling costs are unavailable. The £75,000 same-square sale provides an important downside reference, particularly given the subject requires refurbishment.

Investor Risks & Due Diligence

• Refurbishment is required throughout, but no scope or cost estimate is provided.

• The £650 pcm figure is an advertised asking rent from a single listing, not an achieved rent.

• Special Conditions of Sale may impose additional search, legal, transfer, seller-cost or disbursement charges.

• The comparable sales do not confirm bedroom count, floor area or condition, limiting GDV precision.

• The building is Grade II Listed, which may affect the scope or process for refurbishment works.

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

Recommendation

Proceed only subject to a detailed inspection, refurbishment quotation and review of the special conditions and leasehold costs. The property may suit a refurbishment-led BTL, but the guide alone is not enough to set a safe bid.

Strategy Rating

Analysis Confidence

There are several local completed sales and one advertised rent, but bedroom mix, condition, floor area, leasehold outgoings, refurbishment costs and additional auction charges are not supplied.