Sold Flat

FLAT 21

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

1 beds 1 baths 44 m² Listed 7 Jun 2019 (-2575d)

£45,000

Reduced on 22 Jul 2019

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Property details

Tenure

LEASEHOLD

Floor area

44 m²

Last sold

£90,000 Oct 2020

Local average

£131,693 (-65.8%)

Deprivation

Decile 2 (6,281 of 33,755)

Street crime

778 incidents within 1 mile (Apr 2026)

Key features

  • Second Floor Apartment
  • Purpose Built
  • Centrally Located
  • Open Plan Living Area
  • Lift Access
  • Close to Historic Barbican

Additional details

Heating
Central
Parking
Off street

Description

SUMMARY
SHARED OWNERSHIP 50% a surprisingly SPACIOUS purpose built apartment in a fantastic CENTRAL LOCATION. Within walking distance of the historic BARBICAN and Plymouth HOE, the property is suitable to a variety of buyers thanks to the ELEVATOR and is secure with a SECURE ENTRY SYSTEM. Allocated parking.


DESCRIPTION
Plymouth is a port city in Devon, southwest England. It's known for its maritime heritage and historic Barbican district with narrow, cobbled streets. Sutton Harbour is home to the National Marine Aquarium, where sharks and rays glide in a deep tank. Also in the harbour are several marinas and a fish market, the Plymouth Fisheries. The Mayflower Steps are where the Pilgrim Fathers set sail for the New World in 1620. Known as the Ocean city Plymouth is a very desirable place to live. With the ocean one side and Dartmoor on the other finding things to do should never be a problem.

Entrance Hall 
Within the entrance hall there is an entry phone and a cupboard.

Kitchen 18' 5" Max x 13' 4" Max ( 5.61m Max x 4.06m Max )
This modern second floor flat has a open plan living area which includes: a fitted kitchen with and base units, a sink with drainer and work surfaces. There is plumbing for a washing machine and a CH boiler. Within the living area there is a radiator, televison point and a telephone point.

Bedroom One 10' 9" x 11' 11" ( 3.28m x 3.63m )
The bedroom has a rear facing window and a radiator.

Bathroom 
The flat has a modern bathroom with a shower over the bath which has a glass shower screen. there is also a wash hand basin, a WC and a radiator.


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.

Listed by

First Time Buyers Centre - Mutley Plain

Connells

Reference: 72140356

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

EPC Graphs

EPC

EPC

Price history

71% since 2010

Event Date Price % change
Sold 06/10/2020 (5 years ago) £90,000 +71.4%
Sold 26/11/2010 (15 years ago) £52,500

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 5%
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

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
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)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 2.06%
Max investor price (0.8%) £115,625
Target investor price (1%) £92,500
Gross yield 24.7%
Cost-to-rent ratio 4.1×
Monthly cashflow £630/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 58%
  • 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).