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Crabtree Close, Plymouth, Devon, PL3 - Image 1
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Crabtree Close, Plymouth, Devon, PL3

South West

£70,000Guide Price

Listed on 30/10/2026

The listing

Property details

Bedrooms
2
Type
Flat
Area
526 sqft

Features

  • Garden
  • Parking

Description

Offered at auction, this vacant first-floor two-bedroom flat is in a purpose-built block and includes an allocated parking space, with communal gardens serving the development. The accommodation comprises an entrance porch and inner hall, a lounge, a separate fitted kitchen, two bedrooms and a bathroom with a shower over the bath. The kitchen has integrated cooking appliances, and the lounge has an electric fire. The flat is described as needing modernisation. It is leasehold, with a 125-year lease that began on 27 March 1990 and 87 years remaining. The stated ground rent is £250 per year and the service charge is £2,200 per year. The listing refers to potential rent of £750 per calendar month; this is an agent-stated figure and should be checked independently. The property is in a convenient location with access to local amenities, the A38, Derriford Hospital and Plymouth city centre. The sale is by the Modern Method of Auction, with a 56-day reservation period. Buyers should review the buyer information pack and account for the non-refundable reservation fee, stated as 4.5% of the purchase price including VAT, subject to a minimum of £6,600 including VAT.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

74out of 100
Grade BGood opportunity

Confidence: MEDIUM

At £70,000, this two-bedroom flat is priced at £133/sq ft, well below the local average of £249/sq ft—an attractive entry point for a buyer looking to acquire and add value. The project is light: the older kitchen and bathroom finishes offer scope for a cosmetic update, while the lounge and bedrooms appear tidy and usable. Allocated parking and communal gardens add appeal.

The listing uses the Modern Method of Auction. Bidding can take the hammer above the guide, so the eventual price may not stay this cheap. Check the lease, service charge and reservation terms carefully before proceeding.

Key opportunities

  • Update the older kitchen finishes to give the flat a fresher feel.
  • Refresh the dated bathroom fittings and finishes.
  • Make use of the allocated parking, communal gardens and vacant possession.

Key risks

  • The lease has 87 years remaining; review the lease terms and any implications for future ownership or resale.
  • The £2,200 annual service charge and £250 ground rent should be assessed against the flat's ongoing costs.

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Map

Location

Crabtree Close, Plymouth, Devon, PL3
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Transport

Nearest stations

  • Plymouth Rail Station

    2.5 miles

    Train · Plymouth

  • Devonport Rail Station

    3.7 miles

    Train · Devonport

  • Dockyard (Plymouth) Rail Station

    3.9 miles

    Train · Plymouth

  • Keyham Rail Station

    4.0 miles

    Train · Keyham

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£264
Based on a loan of £52,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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