Summary - Latitude Apartments Latitude, Plymouth PL2 1DJ
1 bed 1 bath Apartment
Spacious one-bed with mezzanine — investment potential for cash buyers.
Private ground-floor entrance, unusual for development
A rare ground-floor apartment in the Latitude development offering private entrance, mezzanine level and a versatile study. At approximately 635 sq ft, this unusually large one-bedroom layout will suit buy-to-let investors or owner-occupiers able to purchase with cash and act quickly.
Cladding remediation work has been completed and scaffolding removed; the development is awaiting final sign-off (EWS1 sign-off pending). Once signed off, properties in the scheme should become mortgageable, which could support future value growth. The property currently has an EPC C and a 102-year lease remaining.
Important practical points are clear: this sale is for cash purchasers only and will be sold at auction under Secure Sale terms. Buyers should budget for the auction terms — a non-refundable 5% deposit on exchange and a reservation fee (up to 6% inc VAT, minimum £6,000) — and review the legal pack before bidding. Heating is by electric room heaters and main fuel is electricity, which may affect running costs compared with gas-heated homes.
The location offers excellent mobile and broadband connectivity, nearby good-rated schools and local amenities, but sits in an area of high crime and very high deprivation. This is priced to reflect the current position and the speed and certainty of a cash auction sale; it represents potential for uplift once final sign-off and mortgageability are confirmed.
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