Key indicators for buyers
The PL3 market is moderately favourable for buyers. Prices are rising at 9.1%, 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 £294,233 with a 25% deposit (£74k), a 2-year fixed mortgage at 3.97% costs around £1,161 per month.
Monthly cost comparison based on current data
Uses PL3 avg. price with City of Plymouth rental data
Monthly mortgage payments (£1,161) are £179 more than renting (£982). However, buying requires an upfront deposit of £74k — it would take around 12 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
12C, THORNHILL ROAD PL3 5NE | Flat/Maisonette | £180,000 | 20 Jan 2026 |
FLAT 5, EDGCUMBE COURT, 85, MOLESWORTH ROAD, STOKE PL3 4EL | Flat/Maisonette | £195,000 | 16 Jan 2026 |
40, EFFORD ROAD PL3 6NE | Detached | £415,000 | 16 Jan 2026 |
FLAT 2, 154, MANNAMEAD ROAD PL3 5QL | Flat/Maisonette | £195,000 | 16 Jan 2026 |
10, ROSSLYN PARK ROAD PL3 4LN | Terraced | £317,500 | 15 Jan 2026 |
44, CHANNEL PARK AVENUE PL3 6LH | Semi-detached | £200,000 | 13 Jan 2026 |
18, EDGCUMBE PARK ROAD PL3 4NL | Terraced |
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 PL3 sold for £294,233 in 2026, with a median of £290,000 across 15 transactions. Prices rose 9.1% compared to the previous year.
| £340,000 |
| 12 Jan 2026 |
312, OLD LAIRA ROAD PL3 6AQ | Terraced | £255,000 | 9 Jan 2026 |
44, THORNHILL ROAD PL3 5NQ | Terraced | £490,000 | 9 Jan 2026 |
123, GLENDOWER ROAD PL3 4LB | Terraced | £290,000 | 9 Jan 2026 |
3, GIFFORD PLACE PL3 4JA | Terraced | £350,000 | 9 Jan 2026 |
25, OLD LAIRA ROAD PL3 6BJ | Terraced | £205,000 | 9 Jan 2026 |
14, DISTINE CLOSE PL3 6QZ | Terraced | £215,000 | 8 Jan 2026 |
75, SOMERSET PLACE PL3 4BQ | Semi-detached | £395,000 | 7 Jan 2026 |
21, GLENHURST ROAD PL3 5LT | Terraced | £371,000 | 6 Jan 2026 |
4, CROWNDALE AVENUE PL3 5EQ | Detached | £334,500 | 19 Dec 2025 |
17, WHITTINGTON STREET PL3 4EG | Flat/Maisonette | £130,000 | 19 Dec 2025 |
243, EGGBUCKLAND ROAD PL3 6QE | Semi-detached | £247,000 | 19 Dec 2025 |
34A, PEVERELL PARK ROAD PL3 4NA | Flat/Maisonette | £190,000 | 19 Dec 2025 |
4, BECKHAM PLACE PL3 5EZ | Terraced | £215,000 | 19 Dec 2025 |
The most recent recorded sale in PL3 was a flat/maisonette property on Thornhill Road for £180,000 in January 2026. Across the last 20 sales, the median price was £255,000.