Summary - Flat 36, 24 The Crescent PL1 3FG
1 bed 1 bath Flat
Affordable central Plymouth one-bed — ideal for quick auction purchase and rental income..
Fifth-floor, purpose-built one-bedroom apartment with lift access
Guide price £56,000; sold at national online auction
Light refurbishment required to maximise rental or resale value
Leasehold: 125 years from 1 Jan 2004 (approx. 104 years remaining)
Administration fee £1,200 and buyer’s premium £1,200 payable on exchange
14-day completion period and immediate exchange on successful bid
Open-plan living/kitchen; 496 sq ft; EPC rating B83
Located in a central, student-focused neighbourhood with fast broadband
A one-bedroom fifth-floor apartment in central Plymouth, offered at a low guide price and sold via national online auction. The purpose-built block includes lift access and modern fittings, with an open-plan living/kitchen, double bedroom and bathroom — all within an average-sized 496 sq ft layout. The current EPC rating is B (83) and the building benefits from mains gas heating with boiler and underfloor heating.
This flat is presented as requiring light refurbishment, so it suits a buyer prepared to update décor and finishes to increase rental yield or resale value. The property sits in a cosmopolitan, student-heavy neighbourhood, making it a straightforward short-term let or longer-term investment close to city amenities, transport links and multiple well-rated schools nearby.
Important transaction notes that affect purchase cost and timing: the property is leasehold (125 years from 1 January 2004 — approximately 104 years remaining), will be sold at auction with immediate exchange if successful, and carries additional fees: an administration fee of £1,200 (inc. VAT) and a buyer’s premium of £1,200 (inc. VAT) payable on exchange. There is a 14-day completion requirement. A full legal pack is available to download free of charge.
Overall this is an affordable, centrally located investment with straightforward refurbishment potential. It will suit cash buyers or investors who can complete quickly and who are comfortable with auction terms and associated fees.
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