Plymouth, a dynamic city on the southwest coast of England, is gaining attention from both homebuyers and investors. With its rich maritime history, ongoing regeneration projects, and relatively affordable property prices, Plymouth offers excellent opportunities for those looking to enter or expand in the UK property market.
In this guide, we explore the best areas to buy property in Plymouth in 2025 — including price ranges, rental yields, and what makes each neighborhood stand out.
Overview of the Property Market in Plymouth
As of early 2025, the average property price in Plymouth is approximately €248,000, making it one of the most affordable cities in the south of England. Over the past year, property values have grown by around 4%, and the city continues to see stable demand across all housing types.
Top Areas to Consider in 2025
City Centre (PL1)
The central area of Plymouth is vibrant, coastal, and close to shops, restaurants, and transportation hubs. It’s especially attractive for investors targeting short-term or student rentals.
- Average price: €284,000
- Highlights: waterfront views, nightlife, strong rental market
- Ideal for: young professionals, Airbnb, buy-to-let
Peverell
Peverell is a peaceful residential neighborhood with tree-lined streets, parks, and access to quality schools. It’s one of the most desirable areas for families.
- Average price: €317,000
- Rental yield: around 3.8%
- Highlights: family-friendly, Central Park nearby, good schools
- Ideal for: long-term rental, owner-occupiers
Plymstock
Located on the eastern side of the city, Plymstock is a popular suburb offering coastal access, green spaces, and strong community facilities.
- Average price: €340,000
- Rental yield: approx. 4%
- Highlights: schools, shopping, peaceful environment
- Ideal for: families, residential investors
Millbridge
Millbridge is an emerging area west of the city centre with more affordable property options and regeneration potential.
- Average price: €255,000
- Highlights: accessible location, renovation opportunities
- Ideal for: first-time buyers, value-add investors
Devonport
Historically a naval district, Devonport has undergone major regeneration and now features modern apartments and community projects.
- Average price: €265,000
- Highlights: transport links, new housing, rising demand
- Ideal for: young couples, investors seeking capital growth
Sherford
Sherford is a new eco-conscious development just east of Plymouth. It offers thousands of modern homes, schools, healthcare, and public spaces.
- Average price: €290,000
- Highlights: sustainability, new infrastructure, energy-efficient homes
- Ideal for: new families, long-term residents
Area Comparison Table
| Area | Avg. Price (EUR) | Rental Yield | Key Features |
|---|---|---|---|
| City Centre | 284,000 | up to 4.5% | Harbourfront, shops, Airbnb potential |
| Peverell | 317,000 | ~3.8% | Green, quiet, ideal for families |
| Plymstock | 340,000 | ~4% | Schools, coast, peaceful living |
| Millbridge | 255,000 | up to 4.5% | Affordable, regeneration opportunities |
| Devonport | 265,000 | ~4.2% | New builds, future growth potential |
| Sherford | 290,000 | ~3.8–4% | Modern planning, sustainable community |
Rental Market Snapshot
- Average monthly rent (2-bed apartment): €1,090
- Premium rentals (central or coastal): €1,200–1,400
- Short-term lets (seasonal): €90–150 per night
Investment Outlook for 2025
- Steady 3–5% annual price growth
- Strong demand for rental properties
- Ongoing urban development and infrastructure upgrades
- Affordable entry point compared to major UK cities
Plymouth offers investors a well-rounded balance of value, growth potential, and market stability.
Conclusion
If you’re considering buying property in the UK, Plymouth stands out as a smart and strategic choice. The city offers variety — from waterfront apartments to newly built family homes — with each area catering to different buyer needs.
In 2025, the most promising areas include Peverell, Plymstock, Devonport, and Sherford, each offering a combination of value, community, and future potential.
Buying property in Plymouth is more than just an investment — it’s a step into a thriving, growing coastal city with long-term promise.
