Key indicators for buyers
The PL2 market is moderately favourable for buyers. Prices are rising at 9.4%, which may favour acting sooner rather than later. 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 £222,611 with a 25% deposit (£56k), a 2-year fixed mortgage at 3.97% costs around £879 per month.
Monthly cost comparison based on current data
Uses PL2 avg. price with City of Plymouth rental data
Monthly mortgage payments (£879) are £103 less than renting (£982). However, buying requires an upfront deposit of £56k — 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 |
|---|---|---|---|
15, CRAIGMORE AVENUE PL2 1HX | Terraced | £165,000 | 23 Jan 2026 |
41, BRANCKER ROAD PL2 3DW | Semi-detached | £300,000 | 21 Jan 2026 |
66, WARLEIGH AVENUE PL2 1NP | Terraced | £215,000 | 19 Jan 2026 |
8, WOMBWELL CRESCENT PL2 2DW | Terraced | £193,500 | 16 Jan 2026 |
41, HONICKNOWLE LANE PL2 3QT | Detached | £328,000 | 16 Jan 2026 |
8, LOPES ROAD PL2 3DY | Semi-detached | £330,000 | 16 Jan 2026 |
FLAT 1, 43, PASLEY STREET PL2 1DR | Flat/Maisonette |
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 PL2 sold for £222,611 in 2026, with a median of £193,500 across 9 transactions. Prices rose 9.4% compared to the previous year.
| £141,000 |
| 15 Jan 2026 |
110, FLEET STREET, KEYHAM PL2 2BU | Terraced | £161,000 | 14 Jan 2026 |
36, MEREDITH ROAD PL2 3QJ | Terraced | £170,000 | 13 Jan 2026 |
109, FOUNTAINS CRESCENT PL2 3RE | Semi-detached | £185,000 | 19 Dec 2025 |
25, FOREST AVENUE PL2 3QD | Terraced | £295,000 | 19 Dec 2025 |
20, GLENMORE AVENUE PL2 1HY | Terraced | £175,000 | 19 Dec 2025 |
60, MARISTOW AVENUE PL2 1LP | Terraced | £154,000 | 19 Dec 2025 |
11, ROSPEATH CRESCENT PL2 3SY | Semi-detached | £339,000 | 19 Dec 2025 |
32A, PASLEY STREET PL2 1DR | Flat/Maisonette | £160,000 | 19 Dec 2025 |
15, GLENMORE AVENUE PL2 1HY | Terraced | £175,000 | 19 Dec 2025 |
109, WOODVILLE ROAD PL2 2SG | Semi-detached | £253,000 | 19 Dec 2025 |
53, WEST DOWN ROAD PL2 3HF | Semi-detached | £232,000 | 19 Dec 2025 |
28, BROWNING ROAD PL2 3AP | Terraced | £220,000 | 19 Dec 2025 |
24, BARTON AVENUE PL2 1NY | Terraced | £195,500 | 19 Dec 2025 |
The most recent recorded sale in PL2 was a terraced property on Craigmore Avenue for £165,000 in January 2026. Across the last 20 sales, the median price was £195,500.