Sold STC Flat

FLAT 12

2 LOCKYERS QUAY, PLYMOUTH, PLYMOUTH, CITY OF PLYMOUTH PL4 0DX

1 beds Listed 12 Jan 2016 (-3817d)

£47,500

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Property details

Tenure

LEASEHOLD

Last sold

£47,500 Oct 2008

Local average

£131,693 (-63.9%)

Deprivation

Decile 2 (6,281 of 33,755)

Street crime

778 incidents within 1 mile (Apr 2026)

Key features

  • A one bedroom second floor flat
  • Double glazing
  • (50% share on offer)
  • Full share plus part share sale
  • Energy rating: B

Description

SUMMARY
A chance to purchase a 50% share of this purpose built CENTRALLY located one BEDROOM second floor flat. GREAT FIRST TIME BUY, CLOSE ACCESS TO THE CITY CENTRE AND WATER.


DESCRIPTION
A one bedroom purpose built second floor flat. The accommodation briefly comprising; private hallway, open plan kitchen/dining room, double bedroom plus a bathroom.

Entrance 
Private door with spyhole through to;

Hallway  
With doors to all of the rooms, wall mounted entry phone, general purpose storage cupboard, smoke detector,

Bathroom 
Bath with shower, curtain and rail over, low level w.c, pedestal wash hand basin, radiator, wall light with shaver socket.

Bedroom  10' 8" x 12' ( 3.25m x 3.66m )
Double glazed window to the rear, radiator.

Kitchen/living/dining Room 18' 5" x 13' 3" ( 5.61m x 4.04m )
(Open plan) Double glazed doors to the rear, single drainer sink unit with tiled splashbacks, range of wall and base units with laminated roll top work surfaces, fitted oven (remaining), plumbing for an automatic washing machine, space for an upright fridge/freezer, wall mounted central heating boiler, radiator, television point, telephone point.

Agents Note 
Confirmation that Connells are offering the 50% share plus the full share - contact our office for further details.

Agents Note 
The property benefits from having a shed, bike storage plus bin storage area. There are lifts in the block. The property is within minutes of the City Centre and Waters Edge plus the Historic Barbican.

Agents Note 
We believe the current rent and service charge is an additional £211 per calandar month.


Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Listed by

First Time Buyers Centre - Mutley Plain

Connells

Reference: 52647025

Flood risk

Zone: 1

Risk: Low

Job (default Low)

EPC Graphs

EPC 1

EPC 1

Price history

Event Date Price % change
Sold 10/10/2008 (17 years ago) £47,500

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

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
2 FLAT 20 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX £160,000 30/09/2022 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: £175,308 (13 sales)

Capital growth trend

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

5y growth 5%
10y growth 12.3%

House Price Index (HM Land Registry — official index, not sold-price averages): City of Plymouth. Series: Flats and maisonettes. As of March 2026.

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

Rental Range

Estimated market rent for Plymouth. Low = conservative, Realistic = average, Optimistic = best case.

Low £895/mo
Realistic £994/mo
Optimistic £1,093/mo

Based on Local Authority from postcode lookup → Plymouth.

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Lockyers Quay 0.0 miles
Shop Smyths 0.3 miles
Shop Poundstretcher 0.3 miles
University University of Plymouth 0.8 miles
University Unknown 1.0 miles
Train station Plymouth 1.0 miles
Train station Devonport 2.0 miles
Hospital Phlebotomy Services 3.4 miles
Hospital University Hospital Plymouth Derriford 3.4 miles

Street-level crime

Category Count
Violence and sexual offences 323
Anti-social behaviour 131
Shoplifting 81
Public order 62
Criminal damage and arson 56
Other theft 42
Drugs 21
Vehicle crime 14
Burglary 13
Possession of weapons 11
Other crime 9
Theft from the person 9
Robbery 6
Total incidents 778

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Holy Cross Catholic Primary School Primary 0.4 miles Good — 24 Jan 2023
ACE Schools Plymouth Other 0.4 miles Good — 14 Mar 2019
Salisbury Road Primary School Primary 0.6 miles Good — 12 Oct 2023
Prince Rock Primary School Primary 0.6 miles Outstanding — 17 Jul 2024
Arts University Plymouth Other 0.6 miles (No rating)

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
1 Bed Flat, St Judes Street, PL4 £900/mo 1 0.25 miles OpenRent
1 Bed Flat, The Barbican, PL1 £950/mo 1 0.33 miles OpenRent
Studio Flat, Compass House, PL4 £750/mo 1 0.34 miles OpenRent
1 Bed Flat, Citadel Ope, PL1 £950/mo 1 0.42 miles OpenRent
Studio Flat, Notte Street, PL1 £585/mo 1 0.7 miles OpenRent
1 Bed Flat, Notte Street, PL1 £2,195/mo 1 0.76 miles OpenRent

Average rent: £1,055/mo (6 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 1.95%
Max investor price (0.8%) £115,625
Target investor price (1%) £92,500
Gross yield 23.4%
Cost-to-rent ratio 4.3×
Monthly cashflow £620/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 54%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus 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).