PL4Plymouth

Devonport & North Hill

Devonport & North Hill investment guide. Average gross yield 4.3%, tenant's market rental demand.

4.3%avg gross yield

£202kavg sold price (505 sales, 12mo)

Tenant's marketrental demand

Article 4: No· Permitted development applies

Last updated May 2026

Average Gross Yield

4.3%

-1.5% vs Plymouth avg (5.8%)

Average Asking Price

£201,825

high confidence (505 sales)

Est. Monthly Rent

£951

2-bed · 3-bed £898 · 6.7% yield

Price Per Sq Ft

£210

City avg £242/sqft · 32 below average

Estimated Rent by Bedroom Count

Average asking rent and gross yield per bedroom count in PL4

1-bed

£827

per month

9.5% yield

2-bed

£951

per month

6.7% yield

3-bed

£898

per month

4.8% yield

4-bed

£1,091

per month

5.6% yield

Ownership mix

PL4 vs UK average · 19,367 dwellings · Source: ONS Census 2021

Landlord-heavy: 44% privately rented (btl) (24pp higher than the UK average of 20%).

Owned outrightNo mortgage on the property

18.9%(UK 32.9%)

-14.0pp vs UK

Owned with mortgageIncluding shared ownership

22.3%(UK 29.7%)

-7.4pp vs UK

Privately rented (BTL)Private landlord or letting agent

43.9%(UK 20.3%)

+23.6pp vs UK

Socially rentedCouncil or housing association

14.9%(UK 17.1%)

-2.2pp vs UK

Black tick = UK average. ONS Census 2021, TS054 (Tenure of household).

Yield by Property Type

Gross yield breakdown across property types in PL4

PropertyData.co.uk

Type	Gross Yield	Avg Price	Avg Rent/mo
Terraced →	5.2%	£219,229	£954
Semi-detached →	4.7%	£239,095	£942
Detached →	3.6%	£324,922	£977
Flat →	9.3%	£120,704	£931

Explore by strategy

Live data for each property type across Plymouth.

HMO Terraced Semi-detached Detached Flats Student lets New build Strategy primers →

About Devonport & North Hill (PL4, Plymouth)

PL4 offers solid rental yields at 4.3% with entry-level prices averaging £201,825, making it accessible for buy-to-let investors seeking cash flow over capital appreciation. The area attracts investors targeting the lower end of the market where demand remains consistent and competition is more manageable than premium postcodes.

The tenant demographic is mixed, with strong demand for one-bedroom properties (9.5% gross yield) suggesting a market of young professionals, students, and single occupants. Two and three-bedroom stock also lets well, indicating families and house-shares are present, though yields decline with property size, suggesting multi-occupancy may be necessary to maximise returns.

Watch for the tenant's market conditions, which favour renters over landlords—expect void periods and downward pressure on rents if stock increases. The declining yields on larger properties (4bed at 5.6%) suggest oversupply in family housing; focus on one and two-bedroom units where rental demand is strongest.

Sold Price Trend - PL4

Average sold price, last 8 quarters

-13.2% over 2 years

Flip Activity - PL4

Same property bought and sold within 18 months, last 24 months

→ vs prior 24 months

Flips

last 24 months

Median uplift*

+39.0%

after HPI adjust

Median hold

13 mo

Flip rate

0.5%

of all sales

Recent case studies

dale gardens

Terraced

Bought Aug 24

£190k

Sold Jun 25

£284k

11 mo+43.4%*

Gross 49.2%

wentworth place

Terraced

Bought May 24

£154k

Sold May 25

£223k

12 mo+39.0%*

Gross 45.3%

greenbank avenue

Terraced

Bought Feb 24

£270k

Sold Mar 25

£345k

13 mo+23.1%*

Gross 27.8%

armada street

Terraced

Bought Sept 23

£113k

Sold Feb 25

£153k

18 mo+32.3%*

Gross 35.0%

salcombe road

Terraced

Bought May 23

£191k

Sold Oct 24

£320k

17 mo+61.9%*

Gross 67.5%

* Real uplift after ONS regional House Price Index adjustment. Freehold and leasehold included; leasehold flips flagged as lease-extension status is not verifiable from public data. Source: HM Land Registry Price Paid Data.

Planning & Licensing - PL4

Restrictions that affect HMO and buy-to-let investors in this postcode district

✓

Article 4 Direction (HMO)Not in effect

HMOs of up to 6 occupants (C4 use class) can be created without planning permission in this area.

✓

Selective LicensingNot in effect

✓

Additional HMO LicensingNot in effect

Article 4 directions cover parts of Plymouth. The exact street-level coverage varies — confirm with the council before exchanging.

Planning information is for guidance only. Always verify with the local planning authority before purchasing. Data correct as of April 2026.

Nearby Postcodes

Adjacent areas with comparable investment profiles

PL14.5%

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View area guide

PL25.2%

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PL34.5%

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View area guide

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