How much is Lockyer Street, Plymouth?

The asking rent is £925 a month.

No floorplan from the agent

Lockyer Street, Plymouth

2-bedroom flat

1 bath

Asking rent

£925/mo

To rentListed 3 days

Investor metrics

HMO Article 4 Direction AreaHMOs Mutley, Greenbank, City Centre and surrounding areas · C3 → C4 HMO conversion requires planning permission here

Opportunity summary

See Archie’s verdict, returns by strategy and what to check before viewing.

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About

The property

We are delighted to offer this ground floor two bedroom apartment perfectly situated on Lockyer Street in the highly sought-after Hoe area of Plymouth.

Just a short stroll from the stunning seafront, this property offers the ideal blend of coastal living and city convenience.

Key Features: • Prime Location: Located in The Hoe, moments from the seafront, perfect for scenic walks and relaxing by the water and a short walk to the University of Plymouth, the historic Barbican, and Plymouth city centre, offering an array of shops, restaurants, and entertainment.

• Two Bedroom: Comfortable double bedroom and further single bedroom, perfect for individuals or couples. • Bathroom :Bathroom with shower.

• Ground Floor Flat: Conveniently located on the ground floor of a well-maintained building.

This flat is perfect for anyone looking to enjoy everything Plymouth has to offer from a fantastic central location.

Key information

Furnished state

Unfurnished

Deposit required

£1,025

Availability

Available now

Check availability with the agent

Reception rooms

Council tax band

Band B

Estimated ~£1,400/year

Local authority

City of Plymouth

Unitary Authority

Value & comps

How does the rent compare?

No previous sales on record.

Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.

Returns

What does it return?

Rent evidence

Rental benchmark

Nearby rental comparables

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Local SA Market

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Model

Run the numbers.

Strategy: R2R · full calculator

R2R calculatorRent-to-rent SA + HMO strategies — occupancy, platform fees, profit

Investment Disclaimer

This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.

All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.

Past performance does not guarantee future results. Tax implications vary by individual circumstances.

Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Article 4HMO Article 4 applies

HMO Conversion Potential

Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.