Plymouth Property Market: House Prices, Sold Data & Development Finance, End of H1 2026

Naval port city with waterfront regeneration, two universities, and affordable development land

The Plymouth property market recorded 3,118 residential sales over the past 12 months, with a median sale price of £220,000. This places Plymouth £65k below the Devon county median of £285,000, and £65k below the UK national median of £285,000.

Prices in Plymouth have shown broadly stable, with a year-on-year change of 0%. Within Devon, Plymouth ranks 8th by price out of 8 principal towns, and 1st by transaction volume.

Plymouth median prices have moved from £225,000 in Q1 2025 to £225,000 in Q2 2026, a change of 0.0% over 5 quarters.

Property prices in Plymouth vary significantly by type. The table below compares Plymouth prices with Devon county averages and UK national figures.

Detached homes in Plymouth command £390,500, while flat properties are most accessible at £130,000. The £261k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

Plymouth recorded 4 new-build transactions in the past 12 months, representing 0.1% of total sales. New-build supply is limited, potentially indicating either planning constraints or an untapped opportunity for developers.

New-build properties in Plymouth traded at a premium of 11.6% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.

Across the wider Devon market, 96 new-build completions were recorded — see our Devon property market report for the full county picture.

The following table shows the most recent property transactions recorded in Plymouth, providing real-time evidence of achieved prices for buyers, sellers, and developers:

These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £180,000 to £310,000 illustrates the breadth of the Plymouth market.

For developers considering Plymouth, the local market data translates directly into finance structuring. With a median value of £220,000 and detached homes at £390,500, lenders can assess scheme viability with confidence.

A typical development finance facility for a Plymouth scheme with a GDV of £390,500 would attract senior debt of approximately £253,825 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.

While prices have remained flat year-on-year, experienced developers can still generate strong returns in Plymouth by targeting well-located sites with clear demand drivers.

Ready to develop in Plymouth? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.

To put Plymouth's market in context, the table below compares it with similarly-priced towns across Devon:

For the full Devon town-by-town breakdown, see our comprehensive Devon property market report.