Sold Flat

FLAT 17

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

2 beds 1 baths 506 sq ft Listed 3 Dec 2019 (-2395d)

£120,000

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# 2 bedroom flat for sale (PL4 0DX)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 17, 2 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH PL4 0DX |
| Price | £120,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Construction age | England and Wales: 2003-2006 |
| Floor area | 47 m² |
| Last sold | £60,000 Jun 2020 |

## EPC Rating & Upgrade Cost

- **Current rating:** B
- **Potential rating:** B
- **Expiry date:** 06/08/2023 — **EXPIRED** (no longer valid for marketing or letting)
- **Current heating cost:** £175/year
- **Est. upgrade cost to C:** £10

### Recommendations
- E (£10)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0216-2823-7989-9307-9925)

## Description

**SUMMARY**

***GUIDE PRICE £120,000***

2 Double bedroom, Centrally located, Purpose built flat situated close to local amenties. Modern presentation and parking

IDEAL FIRST TIME BUY. GET VIEWING.

**DESCRIPTION**

***GUIDE PRICE £120,000***

2 Double bedroom, Centrally located, Purpose built flat situated close to local amenties. Modern presentation and parking

IDEAL FIRST TIME BUY. GET VIEWING.

**Entrance**

Double glazed door to the front elevation, cupboard and phone entry system.

**Lounge/ Kitchen** 20' 8" x 14' 2" ( 6.30m x 4.32m )

Double glazed window to the rear elevation, telephone point, television point and a wall mounted gas central heating radiator. Fitted kitchen comprising of a range of matching wall and base units with rolled edge work surfaces, stainless steel sink/drainer, tiling, plumbing for a washing machine, cooker point gas/ electric with cooker hood fridge/freezer and CH boiler.

**Bedroom One** 15' 6" MAX x 14' 8" MAX ( 4.72m MAX x 4.47m MAX )

Double glazed window to the front elevation and a wall mounted gas central heating radiator.

**Bedroom Two** 13' 10" MAX x 9' 2" MAX ( 4.22m MAX x 2.79m MAX )

Double glazed window to the side elevation and a wall mounted gas centraal heating radiator.

**Bathroom**

Bath, shower, partially tiled, wash hand basin, extractor fan, WC and a wall mounted gas central heating 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.

## Property Photos

- ![Photo](/listings/photos/75968179/726676)
- ![Photo](/listings/photos/75968179/726678)
- ![Photo](/listings/photos/75968179/726680)
- ![Photo](/listings/photos/75968179/726681)
- ![Photo](/listings/photos/75968179/726682)
- ![Photo](/listings/photos/75968179/726683)
- ![Photo](/listings/photos/75968179/726684)
- ![Photo](/listings/photos/75968179/726685)
- ![Photo](/listings/photos/75968179/726686)

## Floorplans

- ![Floorplan 1](/listings/photos/75968179/726687) - Floorplan 1

## EPC Graphs

- ![EPC](/listings/photos/75968179/726688) - EPC

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 2 FLAT 17 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £60,000 | 04/06/2020 | Flat |
| 2 FLAT 17 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £57,500 | 30/04/2014 | 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:** -8.9%

## 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:** 0.79% (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:** 9.5%
- **Cost-to-rent:** 10.5×
- **Monthly cashflow:** £357/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 12.3%

*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:** £2,553/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)

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Property details

Tenure

LEASEHOLD

Floor area

47 m²

EPC rating

Year built

England and Wales: 2003-2006

Last sold

£60,000 Jun 2020

Price per m²

£2,553/m²

Local average

£131,693 (-8.9%)

Deprivation

Decile 2 (6,281 of 33,755)

Street crime

778 incidents within 1 mile (Apr 2026)

Key features

2 Double bedrooms
Purpose built flat
Centrally located
Close to local amenties
Modern presentation
Parking
Ideal first time buy

Additional details

Parking: Yes

Description

SUMMARY
*GUIDE PRICE £120,000*
2 Double bedroom, Centrally located, Purpose built flat situated close to local amenties. Modern presentation and parking
IDEAL FIRST TIME BUY. GET VIEWING.

DESCRIPTION
*GUIDE PRICE £120,000*
2 Double bedroom, Centrally located, Purpose built flat situated close to local amenties. Modern presentation and parking
IDEAL FIRST TIME BUY. GET VIEWING.

Entrance
Double glazed door to the front elevation, cupboard and phone entry system.

Lounge/ Kitchen 20' 8" x 14' 2" ( 6.30m x 4.32m )
Double glazed window to the rear elevation, telephone point, television point and a wall mounted gas central heating radiator. Fitted kitchen comprising of a range of matching wall and base units with rolled edge work surfaces, stainless steel sink/drainer, tiling, plumbing for a washing machine, cooker point gas/ electric with cooker hood fridge/freezer and CH boiler.

Bedroom One 15' 6" MAX x 14' 8" MAX ( 4.72m MAX x 4.47m MAX )
Double glazed window to the front elevation and a wall mounted gas central heating radiator.

Bedroom Two 13' 10" MAX x 9' 2" MAX ( 4.22m MAX x 2.79m MAX )
Double glazed window to the side elevation and a wall mounted gas centraal heating radiator.

Bathroom
Bath, shower, partially tiled, wash hand basin, extractor fan, WC and a wall mounted gas central heating 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: 75968179

EPC Rating & Upgrade Cost

This certificate expired on 06/08/2023. A new EPC may be required before the property can be marketed or let.

Current rating: B

Potential rating: B

Inspection date: 07/08/2013

Expiry date: 06/08/2023 (expired)

Current heating cost: £175/year

Potential heating cost: £176/year

Est. upgrade cost to C: £10

Recommendations

Low energy lighting for all fixed outlets (£10)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

EPC Graphs

EPC

Price history

4% since 2014

Event	Date	Price	% change
Sold	04/06/2020 (6 years ago)	£60,000	+4.3%
Sold	30/04/2014 (12 years ago)	£57,500	—

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 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

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 0.79%

Max investor price (0.8%) £118,750

Target investor price (1%) £95,000

Gross yield 9.5%

Cost-to-rent ratio 10.5×

Monthly cashflow £357/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 12.3%

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).