# 2 bedroom apartment for sale (PL4 0DX)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 20, 2 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH PL4 0DX |
| Price | £145,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Construction age | England and Wales: 2003-2006 |
| Floor area | 83 m² |
| Last sold | £160,000 Sep 2022 |

## EPC Rating & Upgrade Cost

- **Current rating:** B
- **Potential rating:** B
- **Expiry date:** 08/03/2032

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0314-0001-1207-6702-2214)

## Description

This well-presented apartment is set in a convenient location and is a moments walk to the 'Warner Village' which hosts a range of restaurants, bars, cinema and bowling alley and other facilities. The historical Barbican and Plymouth's city centre where Drake Circus and the new Barcode complex is situated is only a short walk away, as is Sutton Harbour.

Lang Town and Country are delighted to present to the market this beautifully presented 3rd floor apartment situated within the popular "Penrose House". Apartment 20 has been very well maintained by its current owners and is approached via stairs or a communal lift. In brief the apartment comprises: Entrance Hall providing access to all primary rooms. There is a beautiful bathroom which incorporates a Low level WC, Hand basin, Chrome effect towel rail and bath with separate shower nozzle. There are 2 bedrooms, the master bedroom is a good size double bedroom with the 2nd bedroom currently being utilised as a study space.

There is an open plan plan lounge/diner kitchen. This really is a fantastic area of the apartment and really incorporates open plan living. From the floor to ceiling windows, there are city views aswell as glimpses towards Sutton Harbour.

Externally, the property benefits from an allocated parking space in the block next door, which is secure and behind an automated garage door.

Importantly, the property benefits from an EWS1 form.

Agents Note

We would highly encourage an internal inspection at the earliest opportunity to appreciate the quality of accommodation on offer aswell as its superb location.

 

**THIRD** **FLOOR**  

**LOUNGE/KITCHEN/DINER** **18' 5" x 15' 8" (5.61m x 4.78m)**  

**BEDROOM** **13' 5" x 12' 8" (4.09m x 3.86m)**  

**BEDROOM** **9' 1" x 8' 6" (2.77m x 2.59m)**  

**BATHROOM** **7' 6" x 6' 5" (2.29m x 1.96m)**  

**LEASE** **INFORMATION** We understand the apartment is held on Lease with 83 years remaining and subject to a service charge of approximately £1406.00 per year and an annual ground rent of approximately £0. The above information is provided in good faith although we would recommend that prospective purchasers consult their own solicitor for formal verification. 

**PROPERTY** **INFORMATION** Tenure: Leasehold

Local Authority: Plymouth City Council

Council Tax: Band B

EPC Rating: B

Postcode code for sat nav: PL4 0DX 

## Property Photos

- ![Photo](/listings/photos/121437719/726648)
- ![Photo](/listings/photos/121437719/726649)
- ![Photo](/listings/photos/121437719/726650)
- ![Photo](/listings/photos/121437719/726654)
- ![Photo](/listings/photos/121437719/726657)
- ![Photo](/listings/photos/121437719/726660)
- ![Photo](/listings/photos/121437719/726665)
- ![Photo](/listings/photos/121437719/726667)
- ![Photo](/listings/photos/121437719/726668)
- ![Photo](/listings/photos/121437719/726669)

## Floorplans

- ![Floorplan 1](/listings/photos/121437719/726670) - Floorplan 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 2 FLAT 20 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £160,000 | 30/09/2022 | 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 |
|---------|-------|------|------|
| 2C TEATS HILL FLATS, PLYMOUTH, CITY OF PLYMOUTH, PL4 0LX | £125,000 | 05/02/2025 | Flat |
| 2E TEATS HILL FLATS, PLYMOUTH, CITY OF PLYMOUTH, PL4 0LX | £150,000 | 15/12/2023 | Flat |
| 9 FLAT 23 PARSONAGE WAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0LY | £250,000 | 08/12/2023 | Flat |
| QUEEN ANNE'S QUAY, 9 FLAT 11 PARSONAGE WAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0LY | £320,000 | 01/12/2023 | Flat |
| 9 FLAT 5 PARSONAGE WAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0LY | £375,000 | 24/07/2023 | Flat |
| 2 FLAT 24 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £102,000 | 31/03/2023 | Flat |
| 2 FLAT 31 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £150,000 | 30/11/2022 | Flat |
| 22 FLAT 6 PARSONAGE WAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0LY | £190,000 | 22/06/2022 | Flat |
| 2 FLAT 14 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £62,500 | 27/05/2022 | Flat |
| TEATS HILL FLATS FLAT 3B, PLYMOUTH, CITY OF PLYMOUTH, PL4 0LX | £135,000 | 28/04/2022 | Flat |
| 2 FLAT 18 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £67,500 | 01/04/2022 | Flat |
| 29 ARTILLERY PLACE, PLYMOUTH, CITY OF PLYMOUTH, PL4 0LU | £192,000 | 18/10/2021 | Flat |

**Area average:** £176,583 (12 sales)

## Price vs local average

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

- **Local average:** £131,693 (65 Flat, PL4, 2024–2026)
- **Deviation:** +10.1%

## Rental Range

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

- **Low:** £895/mo
- **Realistic:** £994/mo
- **Optimistic:** £1,093/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 Judes, PL4 | £950/mo | 2 | 0.53 miles | OpenRent |

**Average rent: £950/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.66% (weak for cashflow)
- **Max investor price (0.8%):** £118,750
- **Target investor price (1%):** £95,000

*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 £950/mo).*

- **Gross yield:** 7.9%
- **Cost-to-rent:** 12.7×
- **Monthly cashflow:** £259/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 7.4%

*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).*

## Price per Square Metre

- **£/m²:** £1,747/m²

## Capital growth trend

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

- **5y growth:** 5%
- **10y growth:** 12.3%

## 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)