Sold STC Flat

FLAT 9

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

2 beds 570 sq ft Listed 7 Aug 2015 (-3974d)

£65,000

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# 2 bedroom flat for sale (PL4 0DX)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 9, 2 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH PL4 0DX |
| Price | £65,000 |
| Bedrooms | 2 |
| Construction age | England and Wales: 2003-2006 |
| Floor area | 53 m² |
| Last sold | £65,000 Jan 2016 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 28/06/2025 — **EXPIRED** (no longer valid for marketing or letting)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/2318-8098-7236-3775-1920)

## Description

***FANTASTIC OPPORTUNITY TO GET ON TO THE PROPERTY LADDER***

50% shared equity two bedroom apartment situated in a vibrant and central location a short distance from Plymouth's historic Barbican and offering superb water and city views. The accommodation comprises communal entrance with lift, entrance hall, open plan living/kitchen area, two double bedrooms and a family bathroom/wc. Other benefits include secure parking, gas fired central heating, double glazing and no onward chain.

**  50% shared equity apartment

Two double bedrooms

Modern open plan living/kitchen area

City and water views

Secure parking

Sought after central location

No chain

**Entrance Hall**  Radiator, laminate flooring.

**Open plan Living/Kitchen**24'9" x 13'5" (7.54m x 4.1m).  Double glazed uPVC window facing the front. Radiator, carpeted flooring. Kitchen comprises of a range of base and wall mounted units with roll top work surfaces, gas cooker point with extraction hood over, inset stainless steel sink with drainer.

**Bedroom 1**11'11" x 9'2" (3.63m x 2.8m).  Double glazed uPVC window facing the front. Radiator, carpeted flooring, downlights.

**Bedroom 2**11'11" x 8' (3.63m x 2.44m).  Double glazed uPVC window facing the front. Radiator, carpeted flooring, downlights.

**Bathroom**  Radiator, downlights. Low level WC, panelled bath with mixer tap, shower over bath, pedestal sink with mixer tap, extractor fan and shaving point.

## Property Photos

- ![Front Views](/listings/photos/35825892/726712) - Front Views
- ![Front](/listings/photos/35825892/726713) - Front
- ![Open Plan Living/Kit](/listings/photos/35825892/726714) - Open Plan Living/Kit
- ![Open Plan Living/Kit](/listings/photos/35825892/726716) - Open Plan Living/Kit
- ![Open Plan Living/Kit](/listings/photos/35825892/726719) - Open Plan Living/Kit
- ![Open Plan Living/Kit](/listings/photos/35825892/726720) - Open Plan Living/Kit
- ![Bedroom 2](/listings/photos/35825892/726721) - Bedroom 2
- ![Picture No.08](/listings/photos/35825892/726723) - Picture No.08
- ![EPC](/listings/photos/35825892/726725) - EPC

## Floorplans

- ![Floorplan](/listings/photos/35825892/726727) - Floorplan

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 2 FLAT 9 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £65,000 | 08/01/2016 | 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 |
| [Same street] 2 FLAT 24 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £102,000 | 31/03/2023 | Flat |
| [Same street] 2 FLAT 31 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £150,000 | 30/11/2022 | Flat |
| [Same street] 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 |
| [Same street] 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 |
| [Same street] 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 |
| [Same street] UNIT 1 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £312,000 | 06/08/2021 | Other |

**Street average:** £142,333 (6 sales)
**Area average:** £217,125 (8 sales)

## Price vs local average

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

- **Local average:** £131,693 (65 Flat, PL4, 2024–2026)
- **Deviation:** -50.6%

## 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:** 1.46% (strong)
- **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:** 17.5%
- **Cost-to-rent:** 5.7×
- **Monthly cashflow:** £574/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 36.5%

*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:** £1,226/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 Views Front Open Plan Living/Kit Open Plan Living/Kit Open Plan Living/Kit Open Plan Living/Kit Bedroom 2 Picture No.08 EPC

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Property details

Tenure

LEASEHOLD

Floor area

53 m²

EPC rating

Year built

England and Wales: 2003-2006

Last sold

£65,000 Jan 2016

Price per m²

£1,226/m²

Local average

£131,693 (-50.6%)

Deprivation

Decile 2 (6,281 of 33,755)

Street crime

778 incidents within 1 mile (Apr 2026)

Additional details

Parking: Yes

Description

*FANTASTIC OPPORTUNITY TO GET ON TO THE PROPERTY LADDER*

50% shared equity two bedroom apartment situated in a vibrant and central location a short distance from Plymouth's historic Barbican and offering superb water and city views. The accommodation comprises communal entrance with lift, entrance hall, open plan living/kitchen area, two double bedrooms and a family bathroom/wc. Other benefits include secure parking, gas fired central heating, double glazing and no onward chain.

50% shared equity apartment
Two double bedrooms
Modern open plan living/kitchen area
City and water views
Secure parking
Sought after central location
No chain

Entrance Hall Radiator, laminate flooring.

Open plan Living/Kitchen24'9" x 13'5" (7.54m x 4.1m). Double glazed uPVC window facing the front. Radiator, carpeted flooring. Kitchen comprises of a range of base and wall mounted units with roll top work surfaces, gas cooker point with extraction hood over, inset stainless steel sink with drainer.

Bedroom 111'11" x 9'2" (3.63m x 2.8m). Double glazed uPVC window facing the front. Radiator, carpeted flooring, downlights.

Bedroom 211'11" x 8' (3.63m x 2.44m). Double glazed uPVC window facing the front. Radiator, carpeted flooring, downlights.

Bathroom Radiator, downlights. Low level WC, panelled bath with mixer tap, shower over bath, pedestal sink with mixer tap, extractor fan and shaving point.

Listed by

Plymouth

Countrywide UK Sales - Connells

Reference: 35825892

EPC Rating & Upgrade Cost

This certificate expired on 28/06/2025. A new EPC may be required before the property can be marketed or let.

Current rating: C

Potential rating: C

Inspection date: 29/06/2015

Expiry date: 28/06/2025 (expired)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Price history

Event	Date	Price	% change
Sold	08/01/2016 (10 years ago)	£65,000	—

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
Same street 2 FLAT 24 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX	£102,000	31/03/2023	Flat
Same street 2 FLAT 31 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX	£150,000	30/11/2022	Flat
Same street 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
Same street 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
Same street 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
Same street UNIT 1 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX	£312,000	06/08/2021	Other

Street average: £142,333 (6 sales)

Area average: £217,125 (8 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%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: 22 WAKE LTD (11136481)

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

Address

Lockyers Quay

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
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 1.46%

Max investor price (0.8%) £118,750

Target investor price (1%) £95,000

Gross yield 17.5%

Cost-to-rent ratio 5.7×

Monthly cashflow £574/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 36.5%

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).