The year is 1885. Four years have passed since the unfortunate events at the Opera Populaire, and the disappearance of the infamous Phantom of the Opera.

The Phantom has fled to London and taken up residence in the sub-basement of a small theatre. One night a young street urchin and teenaged prostitute, Talitha, stumbles upon his lair in her flight from a pair of would-be rapists.

What follows is a journey of discovery for both of them as the Phantom fights to exorcise the ghosts and demons of his past; and Talitha struggles to rise above her lot in life.