Summary - 237 FLAT 42 ALBERT ROAD PLYMOUTH PL2 1DJ
1 bed 1 bath Apartment
Compact city pad with balcony views and strong uplift potential for cash buyers.
Juliette balcony with River Tamar views
Open-plan kitchen/reception; bright natural light
101 years remaining on lease; low ground rent £50
Built 2003–2006, double-glazed windows fitted
Sold at auction; cash buyers only for now
Cladding works near completion; mortgageability pending sign-off
Electric room heaters only; no central heating
Area classed very deprived with high local crime
Located in the Latitude development on Albert Road, this one-bedroom leasehold apartment offers 459 sq ft of open-plan living and a juliette balcony with views toward the River Tamar. The building is modern (constructed 2003–2006) and benefits from double glazing and fast broadband. The lease has 101 years remaining and ground rent is a low £50 per year.
The development is in the final stages of external cladding works; scaffolding has been removed and final sign-off is awaited. Once fully signed off the apartments will become mortgageable, which the seller and local agents expect could support a rise in values. The property is being sold at auction with a starting bid of £80,000 and is currently available to cash buyers only.
Practical points: heating is by electric room heaters (no communal gas or central heating) and the apartment is compact. The area is classified as very deprived with a high local crime rate, so buyers should weigh location factors carefully. Auction purchase terms include a 5% non-refundable deposit on exchange and a reservation fee up to 6% (min £6,000 inc. VAT) in addition to the purchase price — review the legal pack and budget for these costs.
This lot will appeal to experienced investors or cash buyers prepared to complete at auction and wait for final cladding sign-off. For someone seeking a compact city-base with uplift potential, the combination of low running costs (cheap council tax), a long lease, and imminent mortgageability could create a strong short- to medium-term opportunity.
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