Property Investment Plymouth
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Written by: Jonathan Christie
First Published: Apr 21, 2021 | Last Updated: Jun 25, 2025
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Are you on the hunt for profitable investment properties in Bristol? You’re exactly where you need to be. From top-quality buy-to-let investments to below market value properties to flip for a healthy profit, you’ll find what you’re looking for here.
Table of Contents
Plymouth property investment at a glance…
- Average property value: £215,000
- Average rental yield: 6.8%
- Average rent charge: £940
Plymouth is a south west coastal city which is very close to some of South Cornwall’s most desirable destinations. It’s a favourite among those who appreciate its beauty, scenic waterfront, and historical significance. It’s also an attractive prospect for budding south west buy-to-let investors.
There are several reasons why property investment in Plymouth is a good idea. Plymouth’s bustling dockyard, innovative science park, and renowned Derriford Hospital means that the city is Devon and Cornwall’s second largest employer.
Plymouth is also a popular choice for professionals looking to lay down roots and with a thriving student population, it’s a worthy location for HMO investors.
In recent years, Plymouth’s economy has started to flourish. A wealth of redevelopment projects have not only increased rental demand, but made the city an attractive coastal playing field for investors. All of this action has had a positive impact on Plymouth’s property prices, too.
ONS data shows that average house prices in Plymouth currently stand at an affordable £215,000—a rise of 6% since 2024—which is 0.7% higher than the over south west’s overall average property value increase.
Compared to Exeter, for example (another sought after South-West property investment region), property prices are lower and rental yields are higher. For context, the average property price in Exeter is £298,000 and the rental yields stand at around 4 to 5%.
Average monthly rents in Plymouth are currently around £940 per month which is an increase of 5.1% in the past year. So what does this tell us? It means that if you investment in Plymouth, you could connect with:
- Healthy rates of capital growth
- Some of the best rental yields in the South West
- A wealth of achievable long-term buy-to-let opportunities
Also, according to..
Destination expert Josh Kirby:
“Plymouth is one of the UK’s best places to work and live.”
It’s endorsements like this that not only demonstrate Plymouth’s steady progress, but will also add to rental demand throughout the region.
| Region | Guide property price | Why invest? |
|---|---|---|
| Lipson | £198,000 | Lipson has decent transport connections and most properties within the area benefit from some kind of sea view. The area’s relative safety, pleasant feel, and proximity to the city’s main amenities make it a popular rental spot for families and young professionals. |
| Peverell | £274,141 | Peverell is one of Plymouth’s more desirable suburbs. It boasts a range of quality investment houses as well as reliable bus links to the city centre. Peverell’s access to good local shops, green space, and well-regarded schools make it a captive buy-to-let area for young families. |
| Millbay | £145,000 | As an affordable up-and-coming area located near Plymouth’s buzzing (and fairly recently regenerated) waterfront, Millbay attracts droves of accomplished professionals to the area. Here you’ll find a mix of attractive houses and modern apartments for an affordable price. These types of properties have the potential for healthy rental returns. |
| Southway | £274,194 | Southway is a little further from the city centre than the other regions on this list. But, it’s a picturesque suburb that’s amenable and boasts easy access to stunning pockets of the moors. It’s an increasingly popular region of Plymouth and boasts a choice of terraced houses for a reasonable price. |
Beaumont
Compton
Crownhill
Devonport
Efford
Estover
Greenbank
Hartley
Honicknowle
Keyham
King’s Tamerton
Lipson
Milehouse
Millbridge
Morice Town
Mutley
Peverell
Plympton
Plymstock
Pomphlett
Prince Rock
Roborough
Southway
St Budeaux
Stoke
Torpoint
Underwood
Woolwell
As leading south west property investment specialists, we always keep up with the latest regional trends, news, and offers. We never miss a beat. So, if you’re looking for rewarding below market value Plymouth property investments, look at our latest (and most exclusive) offers.
St Austell, PL25
3 Bedroom Mid-Terrace offered at a 29% discount on market value with estimated refurb costs that would give a 15% ROI.
29% Discount, £17.5k Refurb
Devonport, PL1
3 bedroom ground floor leasehold flat offered with a 21% discount with the opportunity of a straight flip, no refurb cost.
21% Discount, 14% ROI
Bodmin, PL31
3 bedroom Semi-Detached property near to Cornwall offered at a 22% discount for a straight flip opportunity.
22% Discount, 15.7% ROI Project
A property sourcing success story: the Plymouth edition…
A client came to us to find their first-ever property investment. After struggling to find a suitable buy-to-let opportunity in South Cornwall, they needed some advice.
Based on their budgets and requirements, we suggested Plymouth as a target region. Our client wanted to attract young couples or professionals and invest in a two-bedroom terrace or apartment.
We found our client a two-bedroom apartment in the up-and-coming (and decidedly trendy) suburb for around 15% under their budget. They secured the property within a month and attracted a suitable long-term tenant within four weeks after completion. Now they’re searching for their next investment with us.
What are rental yields like in Plymouth?
Average rental yields in Plymouth are 6.8%—which is over 1% higher than the national average. Rental demand is consistent in most areas of Plymouth and as property prices are seeing steady growth within the region—there’s long-term profit to be made.
In terms of the average monthly rate you can expect to charge as a buy-to-let landlord in Plymouth, here’s a breakdown according to property type:
Number of bedrooms
- One bedroom: £658
- Two bedrooms: £827
- Three bedrooms: £994
- Four or more bedrooms: £1,411
Property type
- Flats or maisonettes: £749
- Terraced properties: £978
- Semi-detached properties: £993
- Detached properties: £1,239
Source: ONS
When you throw our 15 to 20% below market value properties discount into the mix, your prospective rental yields could be very healthy as a Plymouth buy-to-let investor.
Whether you’re on the lookout for a HMO, a spacious commercial premises or a suburban buy-to-let opportunity, Plymouth will not disappoint.
Contact us today to find out how we can help you become a successful Plymouth-based property investor. From tailored advice to exclusive off-market property deals, we’re here to help you win.
Our team’s insights on property investment in Plymouth
“The area is starting to really emerge as a strong contender for property investment in the UK. It offers a reasonable level of capital growth, combined with good average yields of around 6.4%, and although a lot of Plymouth is covered by the Article 4 directive there are still good opportunities to get fantastic yields through HMOs in and around the city. Overall it’s a robust and reliable area that’s great for diversifying your portfolio.”
– Jessica Chambers, Team Leader at The Property Sourcing Company
From the bustling heart of the city to the waterfront, Southway, and beyond, Plymouth boasts property investment opportunities to suit every situation. Whatever your goals or budget, we’ll find you a Plymouth investment opportunity that suits you.
Here are some of the most popular types of investments we deal in at The Property Sourcing Company:
- Buy-to-let investments
- Below market value properties
- Commercial property investments
- Properties to flip or renovate
- Student property investments
This rapidly growing portfolio of properties is a clear sign that Plymouth is one of the south west’s most lucrative buy-to-let regions. In our expert opinion, it’s an ideal place to invest if you’re looking for the magic combination of strong rental yields and healthy long-term profits.
Secure your new off market Bristol investment with the property sourcing company
“Fantastic Service from Jess, always available on the end of the phone and very quick replies to emails and she has kept me well informed through the whole process!”
— Michael Parry, TrustpilotDid you know? The Property Sourcing Company offers investment opportunities that are actually off market. We work with our sister brand, The Property Buying Company, to find affordable Plymouth investment deals that are typically up to 20% below market value.
Usually, sellers approach our sister company for a swift and easy cash sale. We secure the best and most affordable investment properties from The Property Buying Company so we can offer them to…you.
Yes, we’ll find you the best deals for your Plymouth property investment aspirations. We don’t just want you to use us once and move on—we want you to come again (and again). That’s why we provide a tailored end-to-end service based on your exact needs. So, don’t delay…
In our option, yes. Plymouth is one of the second biggest employers in Devon and Cornwall, so rental demand is high across the region. Property prices are reasonable, rental yields are above the national average, and you can expect a healthy rate of capital growth. Plymouth also offers a range of opportunities to suit every type of investment need and budget.
While our portfolio changes slightly all the time, we offer a range of lucrative investment options in regions across the UK—and Plymouth is no exception. Here are the main types of investment property we deal in:
It’s fairly straightforward. All you have to do is fill in our enquiry form, then we’ll have consultations to find out about your exact property investment needs. Once we’ve found out exactly what you’re looking for, we’ll source properties that suit your exact needs and guide you through the buying process.
Discounted property with high yields
Transparent & honest throughout the process
We’re property experts with years of experience
Investment opportunities tailored to your requirements
WHY INVEST WITH US?
Simply put, we’ll get you the best possible deal. Our sister company, The Property Buying Company, have been in the property buying industry for years & we have access to all their stock which is at a price point that is ready for investors to buy and make a great return on.
No middlemen, no stress & no hassle. We make investing in property and growing your portfolio as easy as it possibly can be.