Sold STC Flat

FLAT 14

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

2 beds 1 baths Listed 4 Nov 2021 (-1693d)

£62,500

Reduced on 4 Nov 2021

Save

# 2 bedroom flat for sale (PL4 0DX)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 14, 2 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH PL4 0DX |
| Price | £62,500 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £62,500 May 2022 |

## Description

** 50% shared ownership basis for £62,500 or 100% available at £125,000**

A contemporary, light and airy, purpose-built second floor 2 bedroom apartment for sale with shared ownership in Lockyers Quay, Plymouth, Devon. This property benefits from a secure buzzer entry system, a modern fitted kitchen, two bedrooms, bathroom, double glazing, gas central heating, secure bike room and secure allocated parking (with visitor parking).

The entrance hall has laminated wood flooring that extends throughout the living areas, a large useful storage cupboard, and doors to the principal rooms. The open plan living room has double aspect windows with views over the city and harbour giving plenty of light. The kitchen features a white base and wall units with dark speckled grey work surfaces and tiled splashbacks, a freestanding gas cooker, and plumbing for the washing machine and dishwasher. The main bedroom is a double with large fitted wardrobes and the second bedroom is a good size single room with room for a double sofa bed if desired. The family bathroom boasts a contemporary white suite comprising panel bath with shower over, WC, and wash hand basin together with partially tiled walls.

The apartment is located in the sought after central Plymouth location of Lockyers Quay, a very short walk from the waterfront and the National Marine Aquarium. The city centre is also within easy reach with a fine array of amenities including the nationally renowned Theatre Royal, Drake Circus, and the brand new Barcode shopping complex, as well as the historic Barbican with a wide selection of restaurants, cafes, bars and bespoke boutiques.

* If purchasing on a shared ownership basis, there will be an additional monthly ground rental charge of £218.51.

## Property Photos

- ![Photo](/listings/photos/115844723/726651)
- ![Photo](/listings/photos/115844723/726652)
- ![Photo](/listings/photos/115844723/726653)
- ![Photo](/listings/photos/115844723/726655)
- ![Photo](/listings/photos/115844723/726656)
- ![Photo](/listings/photos/115844723/726658)
- ![Photo](/listings/photos/115844723/726659)
- ![Photo](/listings/photos/115844723/726661)
- ![Photo](/listings/photos/115844723/726662)
- ![Photo](/listings/photos/115844723/726663)

## Floorplans

- ![Floorplan 1](/listings/photos/115844723/726664) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/115844723/726666) - EPC 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 2 FLAT 14 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £62,500 | 27/05/2022 | Flat |
| 2 FLAT 14 LOCKYERS QUAY, PLYMOUTH, CITY OF PLYMOUTH, PL4 0DX | £62,500 | 07/12/2012 | 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 |
| 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:** £158,300 (5 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:** -52.5%

## 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:** 1.52% (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:** 18.2%
- **Cost-to-rent:** 5.5×
- **Monthly cashflow:** £584/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 38.7%

*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:** 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)

Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Photo 7 Photo 8 Photo 9 Photo 10

/ 10

Property details

Tenure

LEASEHOLD

Last sold

£62,500 May 2022

Local average

£131,693 (-52.5%)

Deprivation

Decile 2 (6,281 of 33,755)

Street crime

778 incidents within 1 mile (Apr 2026)

Key features

sought-after-location
double-glazed-windows
close-to-local-amenities
Shared ownership 50% or 100%
Parking

Additional details

Heating: Gas central
Parking: Garage

Description

50% shared ownership basis for £62,500 or 100% available at £125,000

A contemporary, light and airy, purpose-built second floor 2 bedroom apartment for sale with shared ownership in Lockyers Quay, Plymouth, Devon. This property benefits from a secure buzzer entry system, a modern fitted kitchen, two bedrooms, bathroom, double glazing, gas central heating, secure bike room and secure allocated parking (with visitor parking).

The entrance hall has laminated wood flooring that extends throughout the living areas, a large useful storage cupboard, and doors to the principal rooms. The open plan living room has double aspect windows with views over the city and harbour giving plenty of light. The kitchen features a white base and wall units with dark speckled grey work surfaces and tiled splashbacks, a freestanding gas cooker, and plumbing for the washing machine and dishwasher. The main bedroom is a double with large fitted wardrobes and the second bedroom is a good size single room with room for a double sofa bed if desired. The family bathroom boasts a contemporary white suite comprising panel bath with shower over, WC, and wash hand basin together with partially tiled walls.

The apartment is located in the sought after central Plymouth location of Lockyers Quay, a very short walk from the waterfront and the National Marine Aquarium. The city centre is also within easy reach with a fine array of amenities including the nationally renowned Theatre Royal, Drake Circus, and the brand new Barcode shopping complex, as well as the historic Barbican with a wide selection of restaurants, cafes, bars and bespoke boutiques.

* If purchasing on a shared ownership basis, there will be an additional monthly ground rental charge of £218.51.

Listed by

Nationwide

Strike

Reference: 115844723

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

EPC Graphs

EPC 1

Price history

0% since 2012

Event	Date	Price	% change
Sold	27/05/2022 (4 years ago)	£62,500	0%
Sold	07/12/2012 (13 years ago)	£62,500	—

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
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: £158,300 (5 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 1.52%

Max investor price (0.8%) £118,750

Target investor price (1%) £95,000

Gross yield 18.2%

Cost-to-rent ratio 5.5×

Monthly cashflow £584/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 38.7%

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).