# 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)