Plymouth Property Market: House Prices, Sold Data & Development Finance, Q3 2026 Edition

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

The Plymouth property market recorded 4,345 residential sales in the 12 months to 31 May 2026, with a median sale price of £220,600. This places Plymouth £62k below the Devon county median of £282,500, and £64k below the approximate UK median of £285,000.

Prices in Plymouth have shown modest growth, a year-on-year change of +0.3%. Within Devon, Plymouth ranks 8th by price out of 8 principal towns, and 1st by transaction volume.

On a quarterly view, Plymouth median prices moved from £225,000 in Q4 2024 to £215,000 in Q1 2026, a change of -4.4% over 5 quarters.

Plymouth City Council, the local planning authority covering Plymouth, approved 389 residential planning applications and refused 33 in the last 12 months, with 189 still awaiting a decision. That is an approval rate of 92%.

Those applications propose around 1,106 homes, an estimated £234.8m of development value at local sale prices. Treat the unit total as an upper bound, since an outline permission and its reserved-matters application both count.

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 £392,000, while flat properties are most accessible at £131,000. The £261k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

HM Land Registry has so far registered 34 new-build sales in Plymouth for the past 12 months, 0.8% of registered transactions. New-build sales are typically registered 6 to 18 months after completion, so this understates current delivery and is not a completions figure.

On those registered sales, new builds in Plymouth sold at a premium of 2.2% to existing stock.

Across the wider Devon market, 411 new-build sales have registered so far. See our Devon property market report for the full county picture.

The table below shows the most recently registered residential sales in Plymouth, 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 £75,000 to £307,000 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 £220,600 and detached homes at £392,000, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Plymouth with a GDV of £392,000 would attract senior debt of approximately £254,800 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.

With prices rising 0.3% year-on-year, Plymouth presents a supportive environment for new development. Lenders view positive price momentum favourably when assessing loan applications.

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.