Sold STC Flat

FLAT 31

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

2 beds 1 baths 549 sq ft Listed 1 Sep 2022 (-1392d)

£150,000

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# 2 bedroom apartment for sale (PL4 0DX)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 31, 2 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH PL4 0DX |
| Price | £150,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Construction age | England and Wales: 2003-2006 |
| Floor area | 51 m² |
| Last sold | £150,000 Nov 2022 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 16/03/2026 — **EXPIRED** (no longer valid for marketing or letting)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9538-8013-7227-4836-4920)

## Description

HALFORD AND HOMES On the doorstep of the South West Coastal Path and in very close proximity the the Historical Barbican and Hoe is this modern two double bedroom third floor apartment. The property has a completed EWS1 form and also has the advantage of allocated parking. We highly recommend an internal viewing to appreciate the accommodation available. Access to the property is via the communal areas with an entry phone system and stairs or lift providing access to the third floor. The accommodation briefly comprises of entrance hallway, kitchen/breakfast room - opening into a spacious lounge with dual aspect and far reaching views over the chimney pots towards Jennycliff & Staddon Heights, two double bedrooms, modern fitted bathroom and storage spaces. Other benefits include double glazing, gas fired central heating, modern fixtures, neutral decor and no onward chain. Penrose House is located to the East side of Sutton Harbour, the location has a variety of benefits with the national marine aquarium on the door step with a foot path bridge providing access to The Historical Barbican. A walk to Drake Circus and Plymouth University is between 5 - 10 minutes. Whilst also location on the doorstep is a variety of restaurants and Vue cinema. We highly recommend an internal viewing to appreciate the size and standard of accommodation available.

## Property Photos

- ![Front](/listings/photos/126604514/726632) - Front
- ![Lounge](/listings/photos/126604514/726634) - Lounge
- ![Kitchen/Diner](/listings/photos/126604514/726636) - Kitchen/Diner
- ![Bathroom](/listings/photos/126604514/726638) - Bathroom
- ![Bedroom Two](/listings/photos/126604514/726640) - Bedroom Two
- ![Bedroom One](/listings/photos/126604514/726641) - Bedroom One
- ![Lounge](/listings/photos/126604514/726643) - Lounge
- ![View](/listings/photos/126604514/726645) - View

## Floorplans

- ![Floorplan](/listings/photos/126604514/726646) - Floorplan

## EPC Graphs

- ![EPC](/listings/photos/126604514/726647) - EPC

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 2 FLAT 31 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £150,000 | 30/11/2022 | 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 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:** £177,417 (12 sales)

## Price vs local average

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

- **Local average:** £131,693 (65 Flat, PL4, 2024–2026)
- **Deviation:** +13.9%

## 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 |
|------|------|------|------|------|
| 2 Bed Flat, St Judes, PL4 | £950/mo | 2 | 0.52 miles | OpenRent |

**Average rent: £950/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.63% (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:** 7.6%
- **Cost-to-rent:** 13.2×
- **Monthly cashflow:** £239/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 6.6%

*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:** £2,941/m²

## Capital growth trend

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

- **5y growth:** 1%
- **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)

Front Lounge Kitchen/Diner Bathroom Bedroom Two Bedroom One Lounge View

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Property details

Tenure

LEASEHOLD

Floor area

51 m²

EPC rating

Year built

England and Wales: 2003-2006

Last sold

£150,000 Nov 2022

Price per m²

£2,941/m²

Local average

£131,693 (+13.9%)

Deprivation

Decile 2 (6,281 of 33,755)

Street crime

785 incidents within 1 mile (Apr 2026)

Key features

Stunning third floor apartment
Two double bedrooms
Modern fitted kitchen
Dual aspect lounge
Completed EWS1 form
Allocated parking space
No onward Chain
Viewing highly recommended

Additional details

Heating: Double glazing, Gas central
Parking: Allocated

Description

Listed by

Plymouth

GLAD STONES SW LTD

Reference: 126604514

EPC Rating & Upgrade Cost

This certificate expired on 16/03/2026. A new EPC may be required before the property can be marketed or let.

Current rating: C

Potential rating: C

Inspection date: 17/03/2016

Expiry date: 16/03/2026 (expired)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

EPC Graphs

EPC

Price history

Event	Date	Price	% change
Sold	30/11/2022 (3 years ago)	£150,000	—

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 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: £177,417 (12 sales)

Capital growth trend

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

5y growth 1%

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

Map view View on Google Maps View on OpenStreetMap Street View PL4 0DX

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	325
Anti-social behaviour	133
Shoplifting	81
Public order	62
Criminal damage and arson	56
Other theft	43
Drugs	23
Vehicle crime	14
Burglary	13
Possession of weapons	11
Other crime	9
Theft from the person	9
Robbery	6
Total incidents	785

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
2 Bed Flat, St Judes, PL4	£950/mo	2	0.52 miles	OpenRent

Average rent: £950/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.63%

Max investor price (0.8%) £118,750

Target investor price (1%) £95,000

Gross yield 7.6%

Cost-to-rent ratio 13.2×

Monthly cashflow £239/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 6.6%

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).

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