Sold Flat

FLAT 24

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

1 beds 1 baths 474 sq ft Listed 10 Aug 2022 (-1415d)

£105,000

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# 1 bedroom apartment for sale (PL4 0DX)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 24, 2 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH PL4 0DX |
| Price | £105,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | A |
| Construction age | England and Wales: 2003-2006 |
| Floor area | 44 m² |
| Last sold | £102,000 Mar 2023 |

## EPC Rating & Upgrade Cost

- **Current rating:** B
- **Potential rating:** B
- **Expiry date:** 09/11/2031

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0190-2203-0422-3197-3993)

## Description

Lang Town & Country are delighted to offer this well presented purpose built third floor apartment in "Penrose House"

The area has a variety of benefits with nearby restaurants, the acclaimed national marine aquarium and a foot bridge providing access to the historical Barbican and City Centre. Sutton Harbour is also a moments walk away.

The property can be accessed via a telephone entry system and a lift service provides access to all elevated floors. The property comprises of: an entrance hall with an open plan lounge/diner/kitchen area, bedroom and a bathroom. This well presented apartment has double glazing and gas central heating.

Residents are able to make use of the Bicycle storage and waste disposal facilities which are available on the ground floor of the building.

**This apartment can be purchased on a shared ownership basis on a 50% ownership with Soverign Housing Group.**

**Agents** **Note** We are advised that the property has an EWS1 form readily available.

We would highly encourage an internal inspection of this most charming apartment which provides buyers a fantastic opportunity to get onto the property market.

**THIRD** **FLOOR**

**ENTRANCE** **HALL**

**LOUNGE/DINER/KITCHEN** **20' 4" x 10' 5" (6.20m x 3.18m)**

**BEDROOM** **13' 3" x 9' 1" (4.06m x 2.79m)**

**BATHROOM** **7' 4" x 6' 7" (2.26m x 2.01m)**

**LEASE** **INFORMATION** We understand the apartment is held on Lease with 84 years remaining and subject to a maintenance charge of approximately £1219.80 per year. The above information is provided in good faith although we would recommend that prospective purchasers consult their own solicitor for formal verification.

**PROPERTY** **INFORMATION** Tenure: Leasehold

Local Authority: Plymouth City Council

Council Tax: Band A

EPC Rating: B

Postcode code for sat nav: PL4 0DX

## Property Photos

- ![Photo](/listings/photos/125939282/726612)
- ![Photo](/listings/photos/125939282/726613)
- ![Photo](/listings/photos/125939282/726615)
- ![Photo](/listings/photos/125939282/726617)
- ![Photo](/listings/photos/125939282/726619)
- ![Photo](/listings/photos/125939282/726621)
- ![Photo](/listings/photos/125939282/726622)

## Floorplans

- ![Floorplan 1](/listings/photos/125939282/726623) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/125939282/726624) - EPC 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 2 FLAT 24 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £102,000 | 31/03/2023 | 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 31 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £150,000 | 30/11/2022 | 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:** £181,417 (12 sales)

## Price vs local average

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

- **Local average:** £131,693 (65 Flat, PL4, 2024–2026)
- **Deviation:** -20.3%

## 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 |
|------|------|------|------|------|
| 1 Bed Flat, St Judes Street, PL4 | £900/mo | 1 | 0.25 miles | OpenRent |
| 1 Bed Flat, The Barbican, PL1 | £950/mo | 1 | 0.32 miles | OpenRent |
| Studio Flat, Compass House, PL4 | £750/mo | 1 | 0.33 miles | OpenRent |
| 1 Bed Flat, Citadel Ope, PL1 | £950/mo | 1 | 0.41 miles | OpenRent |
| Studio Flat, Notte Street, PL1 | £585/mo | 1 | 0.69 miles | OpenRent |
| 1 Bed Flat, Notte Street, PL1 | £2,195/mo | 1 | 0.76 miles | OpenRent |

**Average rent: £1,055/mo (6 listings)**

## 1% Rule

- **Rent ratio:** 0.88% (okay)
- **Max investor price (0.8%):** £115,625
- **Target investor price (1%):** £92,500

*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 £925/mo).*

- **Gross yield:** 10.6%
- **Cost-to-rent:** 9.5×
- **Monthly cashflow:** £394/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 15.5%

*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:** £2,386/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)

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Property details

Tenure

LEASEHOLD

Floor area

44 m²

Council tax band

EPC rating

Year built

England and Wales: 2003-2006

Last sold

£102,000 Mar 2023

Price per m²

£2,386/m²

Local average

£131,693 (-20.3%)

Deprivation

Decile 2 (6,281 of 33,755)

Street crime

778 incidents within 1 mile (Apr 2026)

Key features

Lift Access
Open Plan Living Space
Charming 1 Bedroom Apartment
Moments Away From Sutton Harbour
Close To National Marina Aquarium And Historic Barbican
Close To Bars, Restaurants & Cinema Complex
EWS1 Form Available
Bicycle Storage
EPC Rating B

Description

Lang Town & Country are delighted to offer this well presented purpose built third floor apartment in "Penrose House"

The area has a variety of benefits with nearby restaurants, the acclaimed national marine aquarium and a foot bridge providing access to the historical Barbican and City Centre. Sutton Harbour is also a moments walk away.

The property can be accessed via a telephone entry system and a lift service provides access to all elevated floors. The property comprises of: an entrance hall with an open plan lounge/diner/kitchen area, bedroom and a bathroom. This well presented apartment has double glazing and gas central heating.

Residents are able to make use of the Bicycle storage and waste disposal facilities which are available on the ground floor of the building.
This apartment can be purchased on a shared ownership basis on a 50% ownership with Soverign Housing Group.

Agents Note We are advised that the property has an EWS1 form readily available.

We would highly encourage an internal inspection of this most charming apartment which provides buyers a fantastic opportunity to get onto the property market.

THIRD FLOOR

ENTRANCE HALL

LOUNGE/DINER/KITCHEN 20' 4" x 10' 5" (6.20m x 3.18m)

BEDROOM 13' 3" x 9' 1" (4.06m x 2.79m)

BATHROOM 7' 4" x 6' 7" (2.26m x 2.01m)

LEASE INFORMATION We understand the apartment is held on Lease with 84 years remaining and subject to a maintenance charge of approximately £1219.80 per year. The above information is provided in good faith although we would recommend that prospective purchasers consult their own solicitor for formal verification.

PROPERTY INFORMATION Tenure: Leasehold
Local Authority: Plymouth City Council
Council Tax: Band A
EPC Rating: B
Postcode code for sat nav: PL4 0DX

Listed by

Plymouth

Lang Town & Country Estate Agents Ltd

Reference: 125939282

EPC Rating & Upgrade Cost

Current rating: B

Potential rating: B

Inspection date: 10/11/2021

Expiry date: 09/11/2031

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

EPC Graphs

EPC 1

Price history

Event	Date	Price	% change
Sold	31/03/2023 (3 years ago)	£102,000	—

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
2 FLAT 31 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX	£150,000	30/11/2022	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: £181,417 (12 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%

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
1 Bed Flat, St Judes Street, PL4	£900/mo	1	0.25 miles	OpenRent
1 Bed Flat, The Barbican, PL1	£950/mo	1	0.32 miles	OpenRent
Studio Flat, Compass House, PL4	£750/mo	1	0.33 miles	OpenRent
1 Bed Flat, Citadel Ope, PL1	£950/mo	1	0.41 miles	OpenRent
Studio Flat, Notte Street, PL1	£585/mo	1	0.69 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 0.88%

Max investor price (0.8%) £115,625

Target investor price (1%) £92,500

Gross yield 10.6%

Cost-to-rent ratio 9.5×

Monthly cashflow £394/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 15.5%

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).