Key indicators for buyers
The PL4 market is moderately favourable for buyers. Prices have softened (-22.7%), 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 £200,500 with a 25% deposit (£50k), a 2-year fixed mortgage at 3.97% costs around £791 per month.
Monthly cost comparison based on current data
Uses PL4 avg. price with City of Plymouth rental data
Monthly mortgage payments (£791) are £191 less than renting (£982). However, buying requires an upfront deposit of £50k — it would take around 6 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
51, FORD PARK ROAD PL4 6NU | Terraced | £285,000 | 23 Jan 2026 |
FLAT 30, 22, CONSTANTINE STREET PL4 8AF | Flat/Maisonette | £103,000 | 16 Jan 2026 |
FLAT 4, 9, BEDFORD TERRACE PL4 8EY | Flat/Maisonette | £153,000 | 14 Jan 2026 |
6, HILL PARK CRESCENT PL4 8JW | Terraced | £275,000 | 14 Jan 2026 |
8, HAMILTON GARDENS PL4 6PQ | Terraced | £252,000 | 14 Jan 2026 |
54, GLEN PARK AVENUE PL4 6BD | Terraced | £240,000 | 13 Jan 2026 |
47, BEATRICE AVENUE, LIPSON PL4 8QB | 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 PL4 sold for £200,500 in 2026, with a median of £189,500 across 16 transactions. Prices fell 22.7% compared to the previous year.
| £280,000 |
| 9 Jan 2026 |
FLAT 2, 14, TOTHILL AVENUE PL4 8PJ | Flat/Maisonette | £115,000 | 9 Jan 2026 |
FLAT 1, 20, MILDMAY STREET PL4 8NE | Flat/Maisonette | £145,000 | 9 Jan 2026 |
34, VAUXHALL STREET, THE BARBICAN PL4 0ER | Flat/Maisonette | £141,000 | 8 Jan 2026 |
7, CATHCART AVENUE PL4 9QF | Terraced | £230,000 | 8 Jan 2026 |
87, NORTH HILL PL4 8JT | Semi-detached | £370,000 | 7 Jan 2026 |
35, KENSINGTON ROAD PL4 7LU | Terraced | £177,000 | 7 Jan 2026 |
3, LIPSON VALE PL4 7HE | Terraced | £202,000 | 7 Jan 2026 |
12, ELLIOTT ROAD PL4 9NJ | Terraced | £127,500 | 6 Jan 2026 |
FLAT 4, 152, ALEXANDRA ROAD, MUTLEY PL4 7EH | Flat/Maisonette | £112,500 | 6 Jan 2026 |
5, SOUTHERN TERRACE PL4 7LS | Terraced | £185,000 | 22 Dec 2025 |
SECOND FLOOR FLAT, 41, CONNAUGHT AVENUE PL4 7BU | Flat/Maisonette | £160,000 | 22 Dec 2025 |
69, KNIGHTON ROAD PL4 9BZ | Terraced | £228,000 | 19 Dec 2025 |
65, FURZEHILL ROAD PL4 7LB | Terraced | £220,000 | 19 Dec 2025 |
The most recent recorded sale in PL4 was a terraced property on Ford Park Road for £285,000 in January 2026. Across the last 20 sales, the median price was £202,000.