Key indicators for buyers
The PL1 market is moderately favourable for buyers. Prices have softened (-32.5%), which could present a buying opportunity. Affordability has improved from a peak of 7.3x in 2021 to 6.2x today. Rising rents (£982/mo, +5.2%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider City of Plymouth area
A home in City of Plymouth costs 6.2x the local median salary — moderate, improving from a peak of 7.3x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider City of Plymouth area
Average monthly rent in City of Plymouth is £982, up 5.2% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average City of Plymouth price of £209,250 with a 25% deposit (£52k), a 2-year fixed mortgage at 3.97% costs around £826 per month.
Monthly cost comparison based on current data
Uses PL1 avg. price with City of Plymouth rental data
Monthly mortgage payments (£826) are £156 less than renting (£982). However, buying requires an upfront deposit of £52k — it would take around 7 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
23, MILDREN WAY PL1 4GF | Flat/Maisonette | £150,000 | 20 Jan 2026 |
3, DRUMMOND PLACE PL1 4RF | Terraced | £81,750 | 16 Jan 2026 |
105, WALL STREET PL1 4GP | Terraced | £138,000 | 13 Jan 2026 |
40, PORTLAND ROAD PL1 4QN | Terraced | £380,000 | 9 Jan 2026 |
16, MIZZEN ROAD PL1 4GT | Terraced | £390,000 | 9 Jan 2026 |
129, DISCOVERY ROAD PL1 4PR | Flat/Maisonette | £190,000 | 9 Jan 2026 |
27, MILL STREET PL1 4GG | Flat/Maisonette | £135,000 |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in PL1 sold for £209,250 in 2026, with a median of £150,000 across 7 transactions. Prices fell 32.5% compared to the previous year.
| 9 Jan 2026 |
11, MOLESWORTH ROAD, STOKE PL1 5LZ | Terraced | £350,000 | 23 Dec 2025 |
8A, HOLLYWOOD TERRACE PL1 5ET | Flat/Maisonette | £122,000 | 22 Dec 2025 |
2, GARFIELD TERRACE PL1 5NU | Terraced | £270,000 | 19 Dec 2025 |
123, NOTTE STREET PL1 2AQ | Flat/Maisonette | £126,000 | 19 Dec 2025 |
FLAT 4, 2, HOE ROAD PL1 3DE | Flat/Maisonette | £505,000 | 19 Dec 2025 |
3, MIZZEN ROAD PL1 4GT | Terraced | £348,000 | 19 Dec 2025 |
9, DEVONPORT HILL PL1 4LY | Flat/Maisonette | £100,000 | 18 Dec 2025 |
12, ENDEAVOUR COURT PL1 5AX | Flat/Maisonette | £150,000 | 16 Dec 2025 |
21, HOTHAM PLACE PL1 5NE | Terraced | £244,000 | 15 Dec 2025 |
5, DRUMMOND PLACE PL1 4RF | Terraced | £160,000 | 15 Dec 2025 |
2C, PIER STREET PL1 3BS | Terraced | £380,000 | 12 Dec 2025 |
5A, ELLIOT TERRACE PL1 2PL | Flat/Maisonette | £150,000 | 12 Dec 2025 |
6, WOLSDON PLACE PL1 5EQ | Flat/Maisonette | £132,500 | 12 Dec 2025 |
The most recent recorded sale in PL1 was a flat/maisonette property on Mildren Way for £150,000 in January 2026. Across the last 20 sales, the median price was £160,000.