Plymouth is currently experiencing extremely high demand for good-quality rental properties.
Letting agents in Plymouth report a rise in enquiries from tenants who are actively looking for new homes.
Lang Town & Country has seen an increase in landlord confidence, with lots more people looking to rent out their properties.
But demand from tenants is still currently not being fulfilled due to a lack of available stock.
According to Zoopla’s Rental Market Report for September 2023, the average rent for a new tenancy has increased by 10.3% to £1,164 per month in the last year.
What is clear is that now is a fantastic time to be a landlord in Plymouth, with properties being snapped up quicker than ever before.
Here are 5 stunning homes in Plymouth which let on first viewing.
The Pearn, Eggbuckland Road – advertised at £1,000 pcm
Situated in the popular residential district of Hartley, this superb ground-floor apartment is for over-55s and is close to local amenities. It was let within the first couple of weeks of being on the market.
The accommodation is laid out over two storeys with lift access to the east side of the first floor. Each apartment comes with an allocated parking space.
St James Place West – advertised at £1,100 pcm
This spacious two-bedroom top-floor apartment on Plymouth Hoe offers breath-taking views and was let on the very first viewing.
The principal living accommodation is spread across two floors with stairs leading to the landing area. The property has two bedrooms and a luxurious bathroom.
Flagstaff Walk, Mount Wise – advertised at £1,250 pcm
This fabulous south-Facing ground-floor apartment offers extensive views towards Plymouth Sound and Mount Edgcumbe and has an impressive enclosed 40ft patio garden.
The property comprises of a large open plan kitchen/living room, two double bedrooms (the master benefiting from an en-suite shower room) and a family bathroom.
Aberdeen Avenue, Manadon Park – advertised at £850 pcm
This lovely two-bedroom apartment was let on the first viewing and offers easy access to the A38 and Derriford Hospital.
The property comprises a good-sized lounge, two bright and airy bedrooms – the master en-suite – a fitted kitchen with integrated dishwasher, washing machine and fridge/freezer, and a family bathroom. It also has allocated parking.
Ocean Crescent, Millbay – advertised at £575 pcm
We’ve recently let this top-floor studio flat which offers spectacular city views and floor-to-ceiling windows.
Comprising an open-plan living area with modern fitted kitchen with integrated appliances, and a contemporary shower room, the property benefits from lift access, video entry system, gas central heating and double glazing.
Rebecca Jude, Property Marketing Manager at Lang Town & Country Lettings, says: “There is currently really high demand in the Plymouth area for good-quality rental properties.
“More and more people are seeing property as a long-term investment, and now is a great time to become a landlord or add to your existing portfolio.
“Property can be a fantastic – and hugely profitable – investment opportunity, providing you make the right decisions.
“Our experienced team can help you with the next step. If you have a property that you think that we could manage or help you find a tenant for, please do get in touch today on 01752 201010 or via our website.”
We’ve also put together a complete guide to renting out your property.
How do I get in touch with Lang Town & Country?
If you’re thinking about moving, your first step should be to get your property valued. Please do contact us and we’ll be more than happy to offer advice and a free valuation of your home.
Plymouth Sales – 01752 256000 / Property@langtownandcountry.com
Plymstock Sales – 01752 456000 / Plymstockoffice@langtownandcountry.com
Waterside – 01752 200909 / Waterside@langtownandcountry.com
Lettings – 01752 201010 / email@example.com
Land & New Homes – 01752 278499 / firstname.lastname@example.org