Sold Retirement Property

FLAT 120

MARINERS COURT, LAMBERTS ROAD, SWANSEA, SWANSEA SA1 8QW

2 beds Listed 16 May 2009 (-6237d)

£108,500

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# 2 bedroom retirement property for sale (SA1 8QW)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 120, MARINERS COURT, LAMBERTS ROAD, SWANSEA, SWANSEA SA1 8QW |
| Price | £108,500 |
| Bedrooms | 2 |
| Last sold | £148,500 Aug 2018 |

## Description

Peter Alan are pleased to offer for sale these spacious 2 bedroomed retirement apartments for the over 55's within Swansea's prestigious SA1 waterfront development. The central location means that you are no more than a few minutes away from the city centre and within easy reach of the M4. All apartments come complete with gas central heating, secure underground parking and decked balcony area, lift access to all floors and the security of a 10 year Zurich backed guarantee.All properties ready for immediate occupation.  Sales Office and show apartment open Thurs-Mon, 10am till 5pm, call Yvonne to arrange a viewing on 01792 646265. Prices range from £99,000 to £155,000 depending on the plot and % share purchased.

**Room Dimensions**

Entrance hallway

Open plan living room/kitchen

Bedroom 1

Bedroom 2

Bathroom

Balcony

## Property Photos

- ![Photo](/listings/photos/22207651/602476)
- ![Photo](/listings/photos/22207651/602477)
- ![Photo](/listings/photos/22207651/602478)
- ![Photo](/listings/photos/22207651/602479)
- ![Photo](/listings/photos/22207651/602480)
- ![Photo](/listings/photos/22207651/602481)

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| MARINERS COURT FLAT 120 LAMBERTS ROAD, SWANSEA, SA1 8QW | £148,500 | 03/08/2018 | Flat |
| MARINERS COURT FLAT 120 LAMBERTS ROAD, SWANSEA, SA1 8QW | £129,995 | 04/12/2015 | Flat |
| MARINERS COURT FLAT 120 LAMBERTS ROAD, SWANSEA, SA1 8QW | £108,500 | 20/12/2010 | 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 |
|---------|-------|------|------|
| LANGDON HOUSE UNIT 10 LANGDON ROAD, SWANSEA, SA1 8QY | £40,890 | 01/12/2023 | Other |
| 152 - 154 PORT TENNANT ROAD, PORT TENNANT, SWANSEA, SA1 8JQ | £260,000 | 29/04/2022 | Other |
| ELLIPSE PADLEY ROAD, SWANSEA, SA1 8AN | £13,445,000 | 21/12/2021 | Other |

**Area average:** £4,581,963 (3 sales)

## Price vs local average

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

- **Local average:** £681,990 (10 Other, SA1, 2024–2026)
- **Deviation:** -84.1%

## Rental Range

*ONS Price Index of Private Rents (Swansea). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £752/mo
- **Realistic:** £835/mo
- **Optimistic:** £919/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, Port Tennant Road, SA1 | £950/mo | 2 | 0.07 miles | OpenRent |
| 2 Bed Flat, Port Tennant, SA1 | £900/mo | 2 | 0.07 miles | OpenRent |
| 2 Bed Flat, Port Tennant, SA1 | £900/mo | 2 | 0.07 miles | OpenRent |
| 2 Bed Semi-Detached House, Grenfell Park Road, SA1 | £900/mo | 2 | 0.19 miles | OpenRent |
| 2 Bed Flat, Fabian Way, SA1 | £1,100/mo | 2 | 0.65 miles | OpenRent |

**Average rent: £950/mo (5 listings)**

## 1% Rule

- **Rent ratio:** 0.83% (okay)
- **Max investor price (0.8%):** £112,500
- **Target investor price (1%):** £90,000

*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 £900/mo).*

- **Gross yield:** 10%
- **Cost-to-rent:** 10×
- **Monthly cashflow:** £358/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 13.6%

*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).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -71.9%
- **10y growth:** 37.1%

## House Price Index (HM Land Registry)

*Official index for Swansea; All dwelling types series; as of March 2026.*

- **1y growth (index):** 1.4%
- **5y growth (index):** 24.7%
- **10y growth (index):** 54.9%

## 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

Last sold

£148,500 Aug 2018

Local average

£681,990 (-84.1%)

Street crime

403 incidents within 1 mile (Apr 2026)

Additional details

Parking: Yes

Description

Peter Alan are pleased to offer for sale these spacious 2 bedroomed retirement apartments for the over 55's within Swansea's prestigious SA1 waterfront development. The central location means that you are no more than a few minutes away from the city centre and within easy reach of the M4. All apartments come complete with gas central heating, secure underground parking and decked balcony area, lift access to all floors and the security of a 10 year Zurich backed guarantee.All properties ready for immediate occupation. Sales Office and show apartment open Thurs-Mon, 10am till 5pm, call Yvonne to arrange a viewing on 01792 646265. Prices range from £99,000 to £155,000 depending on the plot and % share purchased.

Room Dimensions
Entrance hallway
Open plan living room/kitchen
Bedroom 1
Bedroom 2
Bathroom
Balcony

Listed by

Swansea

Peter Alan - Connells

Reference: 22207651

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Price history

37% since 2010

Event	Date	Price	% change
Sold	03/08/2018 (7 years ago)	£148,500	+14.2%
Sold	04/12/2015 (10 years ago)	£129,995	+19.8%
Sold	20/12/2010 (15 years ago)	£108,500	—

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
LANGDON HOUSE UNIT 10 LANGDON ROAD, SWANSEA, SA1 8QY	£40,890	01/12/2023	Other
152 - 154 PORT TENNANT ROAD, PORT TENNANT, SWANSEA, SA1 8JQ	£260,000	29/04/2022	Other
ELLIPSE PADLEY ROAD, SWANSEA, SA1 8AN	£13,445,000	21/12/2021	Other

Area average: £4,581,963 (3 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -71.9%

10y growth 37.1%

House Price Index (HM Land Registry — official index, not sold-price averages): Swansea. Series: All dwelling types. As of March 2026.

1y (index) 1.4%

5y (index) 24.7%

10y (index) 54.9%

Rental Range

Estimated market rent for Swansea. Low = conservative, Realistic = average, Optimistic = best case.

Low £752/mo

Realistic £835/mo

Optimistic £919/mo

Based on Local Authority from postcode lookup → Swansea.

Location

Map view View on Google Maps View on OpenStreetMap Street View SA1 8QW

Address

Fabian Way

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Swansea East Dock SW	0.1 miles
Bus stop	Fabian Way Old Police Station	0.1 miles
Shop	Floyds Hairdressing	0.1 miles
Shop	Tesco Express	0.2 miles
University	Swansea University	0.7 miles
Train station	Swansea	0.8 miles
Train station	Llansamlet	3.2 miles
Hospital	Gower Physiotherapy Clinic	6.0 miles

Street-level crime

Category	Count
Violence and sexual offences	124
Shoplifting	70
Anti-social behaviour	55
Public order	41
Drugs	29
Criminal damage and arson	18
Other theft	17
Vehicle crime	12
Burglary	10
Possession of weapons	7
Robbery	7
Bicycle theft	6
Theft from the person	4
Other crime	3
Total incidents	403

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
Margaret Street Nursery	Other	0.2 miles	— (No rating)
St Thomas Community Primary School	Other	0.3 miles	— (No rating)
Danygraig Primary School	Other	0.3 miles	— (No rating)
St Thoma's Primary School	Other	0.5 miles	— (No rating)
Ysgol Crug Glas	Other	0.9 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, Port Tennant Road, SA1	£950/mo	2	0.07 miles	OpenRent
2 Bed Flat, Port Tennant, SA1	£900/mo	2	0.07 miles	OpenRent
2 Bed Flat, Port Tennant, SA1	£900/mo	2	0.07 miles	OpenRent
2 Bed Semi-Detached House, Grenfell Park Road, SA1	£900/mo	2	0.19 miles	OpenRent
2 Bed Flat, Fabian Way, SA1	£1,100/mo	2	0.65 miles	OpenRent

Average rent: £950/mo (5 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.83%

Max investor price (0.8%) £112,500

Target investor price (1%) £90,000

Gross yield 10%

Cost-to-rent ratio 10×

Monthly cashflow £358/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 13.6%

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).