# 1 bedroom flat for sale (PL4 0DX)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 12, 2 LOCKYERS QUAY, PLYMOUTH, PLYMOUTH, CITY OF PLYMOUTH PL4 0DX |
| Price | £47,500 |
| Bedrooms | 1 |
| Last sold | £47,500 Oct 2008 |

## 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.

## Property Photos

- ![Photo](/listings/photos/52647025/726715)
- ![Photo](/listings/photos/52647025/726717)
- ![Photo](/listings/photos/52647025/726718)
- ![Photo](/listings/photos/52647025/726722)
- ![Photo](/listings/photos/52647025/726724)
- ![Photo](/listings/photos/52647025/726726)
- ![Photo](/listings/photos/52647025/726728)

## EPC Graphs

- ![EPC 1](/listings/photos/52647025/726729) - EPC 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 2 FLAT 12 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £47,500 | 10/10/2008 | 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 |
| 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)

## Price vs local average

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

- **Local average:** £131,693 (65 Flat, PL4, 2024–2026)
- **Deviation:** -63.9%

## 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 |
|------|------|------|------|------|
| 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)**

## 1% Rule

- **Rent ratio:** 1.95% (strong)
- **Max investor price (0.8%):** £115,625
- **Target investor price (1%):** £92,500

*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 £925/mo).*

- **Gross yield:** 23.4%
- **Cost-to-rent:** 4.3×
- **Monthly cashflow:** £620/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 54%

*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:** 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)