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- **Expiry date:** 16/03/2026 — **EXPIRED** (no longer valid for marketing or letting)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