Property Investment in Plymouth
Average House Price: £245,327
Here we’ll take a look at the different types of property investment opportunities, on offer in Plymouth.
Plymouth city centre offers residents access to the amenities of the city centre as well as the seafront at Plymouth Hoe, the Barbican and Sutton Harbour. City centre properties in these areas including Millbay and West Hoe include traditional terraces, period houses and some newer build houses and apartment blocks. It is possible to find good value property in or near Plymouth city centre.
North Plymouth districts include Compton, Crownhill, Eggbuckland, Hartley, Higher St. Budeaux, Home Park, Honicknowle, Leigham, Manadon, Mannamead, Mutley, Peverell, Roborough, St. Budeaux, West Park and Whitley.
The areas of north Plymouth include some traditional terraced areas and period properties but also several large housing estates where it is possible to find good value buy to let property.
These areas have good access to the A38 and A386 roads for commuters around Devon and Cornwall, and also access to the business parks and Plymouth Science Park on this side of the city. The large Derriford Hospital is also in this area.
The villages north of Plymouth in the direction of Tavistock fringe Dartmoor and are popular residential spots.
East of Plymouth districts includes Beaumont, Cattedown, Greenbank, Laira, Lipstock and Princerock. The inner districts are mixed residential and commercial areas with good-value properties.
Plympton and Plymstock are across the River Plym but connected by the A379 over the Laira Bridge and A38 roads. These places, together with the surrounding villages, are popular Plymouth commuter areas. Some of these areas are in the South Hams council area. Further out the villages along the A38 are popular commuter areas with higher-priced property especially when located in the Dartmoor National Park.
West of Plymouth city centre the districts include Camels Head, Devonport, Ford, Keyham, Millbridge, Morice Town, North Prospect, Stoke and Stonehouse.
Devonport was once a run-down area but has benefitted from much regeneration in recent years. Stonehouse has also benefitted from regeneration and is now a popular spot for urban living. Royal William Yard is a development of a former navy victualling yard and offers city living apartments plus dining and leisure amenities.
These areas offer easy access to the city centre plus Devonport Royal Dockyard, HMNB Plymouth and the other employers in this area.
Over the River Tamar are the separate small towns of Saltash and Torpoint and a number of smaller villages which are in the county of Cornwall rather than Devon and not part of the city of Plymouth itself. Saltash, also known as the Gateway to Cornwall, and Torpoint have their own amenities and are popular with those who work in Plymouth. The HMS Raleigh shore training establishment is at Torpoint.
These areas are well connected to the city by road, rail and ferry although the extra costs of these are a consideration for tenants here.