# 2 bedroom flat for sale (PL1 4NE)

## Property Details

| Key | Value |
|-----|-------|
| Address | Madden Road, Devonport, Plymouth, PL1, PL1 4NE |
| Price | £130,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £130,000 |

## Description

*** NO ONWARD CHAIN! *** A two double bedroom first floor apartment with a long lease and share of the freehold! This spacious apartment is located within walking distance to first-rate local amenities, the city centre and the prestigious Royal William Yard. The property is well presented throughout and could make an excellent investment opportunity or first time buy! Additional features include; spacious kitchen/diner, a good sized living room with balcony, modern bathroom, covered outside roof terrace, GCH, DG & more! There is permit parking on a first come first served basis with one residents permit and a temporary visitors permit. Call today to find out more!!

LEASEHOLD

Service charge of £80 per month. The lease length is 999 years from 1st January 1993. The freehold is owned by the owners of the apartments.

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.

EPC rating: B. Tenure: Leasehold,

## Property Photos

- ![Photo](/listings/photos/149457359/561126)
- ![Photo](/listings/photos/149457359/561127)
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## Floorplans

- ![Floorplan](/listings/photos/149457359/561176) - Floorplan

## EPC Graphs

- ![EPC Graph](/listings/photos/149457359/561183) - EPC Graph

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #13144184
- **Address:** 13 Madden Road, PLYMOUTH, PL1 4NE
- **Certificate Issued:** 24/09/2018
- **Work Completed:** 23/08/2018
- **Items:** 2 window(s), 2 door(s)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 13 MADDEN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NE | £36,500 | 05/05/2000 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 21 RAGLAN GARDENS, PLYMOUTH, CITY OF PLYMOUTH, PL1 4PZ | £164,000 | 06/03/2026 | Flat |
| 60 FLAT 18 CHAPEL STREET, DEVONPORT, PLYMOUTH, CITY OF PLYMOUTH, PL1 4TF | £151,000 | 12/11/2025 | Flat |
| [Same street] 2 MADDEN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NE | £88,000 | 22/08/2025 | Semi-detached |
| 10 MILLS ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NF | £127,000 | 07/08/2025 | Flat |
| 9 RAGLAN GARDENS, PLYMOUTH, CITY OF PLYMOUTH, PL1 4PZ | £172,500 | 16/06/2025 | Flat |
| [Same street] 52 MADDEN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NE | £260,000 | 28/03/2025 | Flat |
| [Same street] 9 MADDEN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NE | £145,500 | 06/12/2024 | Flat |
| 18 RAGLAN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NQ | £115,000 | 14/12/2023 | Flat |
| 26 MILLS ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NF | £157,500 | 24/11/2023 | Flat |
| 31 KER STREET, PLYMOUTH, CITY OF PLYMOUTH, PL1 4FQ | £183,000 | 02/06/2023 | Flat |
| 28 RAGLAN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NQ | £140,000 | 19/05/2023 | Flat |
| 36 MILLS ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NF | £123,500 | 25/04/2023 | Flat |
| [Same street] 1 MADDEN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NE | £130,000 | 21/04/2023 | Flat |
| [Same street] 3 MADDEN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NE | £155,000 | 27/03/2023 | Flat |
| 59 FLAT 9 CHAPEL STREET, DEVONPORT, PLYMOUTH, CITY OF PLYMOUTH, PL1 4TF | £150,000 | 27/01/2023 | Flat |
| 18 MILLS ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NF | £130,000 | 06/12/2022 | Flat |
| [Same street] 26 MADDEN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NE | £127,000 | 28/11/2022 | Flat |
| 3 RAGLAN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NQ | £145,000 | 18/11/2022 | Flat |
| 59 FLAT 5 CHAPEL STREET, DEVONPORT, PLYMOUTH, CITY OF PLYMOUTH, PL1 4TF | £123,000 | 14/11/2022 | Flat |
| 88 CHAPEL STREET, DEVONPORT, PLYMOUTH, CITY OF PLYMOUTH, PL1 4DU | £145,000 | 01/11/2022 | Flat |
| 17 KER STREET, PLYMOUTH, CITY OF PLYMOUTH, PL1 4FQ | £175,150 | 28/10/2022 | Flat |
| 57 FLAT 26 CHAPEL STREET, DEVONPORT, PLYMOUTH, CITY OF PLYMOUTH, PL1 4DU | £152,500 | 30/09/2022 | Flat |
| 2 MILLS ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NF | £130,000 | 28/09/2022 | Flat |
| 60 CHARLES DARWIN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4GU | £138,000 | 25/05/2022 | Flat |
| 10 RAGLAN GARDENS, PLYMOUTH, CITY OF PLYMOUTH, PL1 4PZ | £125,000 | 24/05/2022 | Flat |
| 65 RAGLAN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NQ | £125,000 | 13/05/2022 | Flat |
| [Same street] 21 MADDEN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NE | £145,000 | 01/03/2022 | Flat |
| [Same street] 10 MADDEN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NE | £140,000 | 16/02/2022 | Flat |
| [Same street] 42 MADDEN ROAD, PLYMOUTH, CITY OF PLYMOUTH, PL1 4NE | £110,000 | 02/02/2022 | Flat |

**Street average:** £144,500 (9 sales)
**Area average:** £143,608 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £168,609 (43 Flat, PL1, 2024–2026)
- **Deviation:** -22.9%

## Rental Range

*ONS Price Index of Private Rents (Plymouth). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £890/mo
- **Realistic:** £989/mo
- **Optimistic:** £1,088/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, St Aubyn Street, PL1 | £1,195/mo | 2 | 0.14 miles | OpenRent |
| 2 Bed Flat, Albert Road, PL2 | £825/mo | 2 | 0.53 miles | OpenRent |
| 2 Bed Flat, Harwell Court, PL1 | £1,150/mo | 2 | 1.08 miles | OpenRent |

**Average rent: £1,057/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.88% (okay)
- **Max investor price (0.8%):** £143,750
- **Target investor price (1%):** £115,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,150/mo).*

- **Gross yield:** 10.6%
- **Cost-to-rent:** 9.4×
- **Monthly cashflow:** £498/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 15.9%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -15.2%
- **10y growth:** 15.1%

## House Price Index (HM Land Registry)

*Official index for City of Plymouth; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -1.4%
- **5y growth (index):** 11.7%
- **10y growth (index):** 29.6%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)