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- **Expiry date:** 28/06/2025 — **EXPIRED** (no longer valid for marketing or letting)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