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Houses for Sale in Plymouth: How Do Recent Interest Rate Increases Affect The South West?

Whether you’re looking for houses for sale in Plymouth or not, you’ll have likely heard about the Bank of England’s choice to raise interest rates. 

Designed to control inflation, this hike in interest rates has many buyers and sellers worried. How will this affect house prices? Will the market stay stable? And how will this affect the South West?

If you’re concerned about the recent rise in interest rates, keep reading. We’ve got all the information you need to know about this change. Scroll down to find out more. 

What Are The Interest Rate Increases?

So, what’s happening with this interest rate increase?

The aim of this increase is an attempt to return the rising inflation rate to 2%. To combat inflation, the Bank of England has raised interest rates from 1.25% to 1.75%. 

Many banks are still estimating inflation will continue to grow to 13% in the next few months. In June, prices were already up 9.4% compared to prices a year ago.

This is the largest jump in interest rates we’ve seen in 27 years, and it’s likely to affect the property market, the South West, and houses for sale in Plymouth.

Impacts On The Housing Market

It’s estimated that the interest rate increases will slow the housing market. We’ve already seen hints that the market is cooling, mostly due to the rising cost of living prices and less spare cash for deposits. 

Zoopla and Nationwide have already reported monthly house price growth at 0.1%, proving the market traction is beginning to slow. While this might sound worrying, these inflation-caused changes will be gradual. Demand in the UK housing market is likely to drop, but this won’t be a sudden change. 

The higher interest rates will impact anyone entering the property market and those wanting to move up the property ladder. This is due to 20% higher mortgage payments and creeping rates. 

How Does This Affect The South West?

What does this mean if you’re looking for houses for sale in Plymouth and the South West?

The gradual slowing of the housing market will likely be felt across the UK – regardless of county. With rising mortgages, buyers in the South West might hold off for a while until the cost of living and inflation evens out a little. 

However, it’s unlikely that the market will grind to a halt. Everything might seem uncertain right now, but remember, all property sales are unique. If you’re watching houses for sale in Plymouth and the South West, consider talking to the Pilkington Estates team for personalised guidance and expert property advice. 

Plymouth has even been deemed a property hotspot as prices in the UK rise. Find out why Plymouth’s house prices are a hotspot here.

Get Advice from the Experts

Interest rate increases and the increasing cost of living make many of us uncertain about the property market. It’s tough to know where you stand, especially if you’re new to the property ladder. 

However, this situation is constantly changing. Our team of expert property agents are watching and assessing the news, ensuring that they can give real-time advice on all houses for sale in Plymouth. 
Are you looking for some personalised advice? Get in touch today! Contact us online here.

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Embracing The South West: Exploring Houses To Buy In Plymouth

Are you considering houses to buy in Plymouth this year?

After the past few years, we’ve seen a staggering number of UK residents making a move to the South West. Maybe it’s our green space, beautiful coastlines, or friendly locals. We think it’s all three!

But what are the key factors driving these 2022 property trends? In this article, we’re delving into the results of Barclays Mortgages recent findings and why so many residents are kissing city life goodbye. 

Scroll down to read more about moving to the South West and houses to buy in Plymouth and the surrounding areas. 

Results From The Barclay Mortgages Study

Post-lockdown trends are showing that properties with gardens and proximity to outdoor spaces are increasingly attractive to UK buyers. This is excellent news for sellers in the South West, as those from the cities are looking for a change of pace and attractive landscapes. 

The Barclays Mortgages study showed that nearly two out of five subjects (39% of the study) stated a large garden was why they wanted to move. 

While large outdoor spaces were a key pull factor away from large cities, other reasons to move included:

  • Living closer to essential services (29%)
  • Living in an area with space for exercise (24%)
  • Moving closer to relatives (23%)
  • Living in areas with a stronger community (23%)

Though it’s a while since we’ve seen a lockdown, the effects of the 2020 pandemic are still evident in our moving preferences. 

Where Are Movers Coming From?

But, who are the residents choosing to ditch city life?

The study found that residents in Birmingham and London were most likely to move away to the South West. Other areas with eyes for new surroundings include Manchester and Nottingham. 

As jobs continue to offer flexible working and work-from-home roles, we expect this trend to continue for the foreseeable future. Why sit at home in the city when you can enjoy the fresh South West air?

Why The South West & Plymouth?

The South West and Plymouth were among the top picks in the study, but why are houses to buy in Plymouth so popular? 

While there’s a significant push for rural life, it’s not easy to go straight from busy city life to peace and quiet. Plymouth and the surrounding areas offer a perfect mix of the two. You can spend an exciting evening in Plymouth City centre and then retreat to your quiet home for a good night’s sleep.

Also, families tend to be drawn to the surrounding areas thanks to the range of Ofsted Excellent education options. Plus, Plymouth boasts a range of weekend activities for kids, and some you won’t find in cities! 

Other Popular Areas

The South West wasn’t the only desirable area in the Barclays Mortgages study. Movers also had their eyes on other areas.

The other popular areas in 2022 include:

  • Wales
  • Scotland
  • North East
  • South East
  • Yorkshire

A common theme in answers showed that 26% of those asked expressed a desire to live by the sea. Another 23% just wanted to be in a more rural area for a higher quality of life. 

The Takeaway

Will you be making an urban escape this year? Houses to buy in Plymouth are varied and cater to all needs. Whether you’re looking for a family home or a city-centre flat, there are options for all buyers. 

Ready to start? Allow the Pilkington Estates to help. With years of experience in the area and expert knowledge, we’re here to assist you through every step of the move.

Get in touch with us online here. 

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Top Houses For Sale In Plymouth This Summer

Let’s face it, buying a house comes with lots of challenging decisions. From re-arranging your items to selecting a new area, the process isn’t a walk in the park.

The first step for many is deciding on a new area. Once you’ve got an idea of where you want to live, you can start listing the specifics you want from a house. But, what do you do if you’re unsure where you want to go? How can you make such a big decision alone?

If you’re at the start of your moving journey, we’re here to help. Plymouth is a large area, so we’ve curated a list of the best houses on the market right now to make your decision easier.

Ready to get decisive? Here are the best houses for sale in Plymouth this summer.

Rigdale Close

If you’re looking for houses for sale in Eggbuckland, Plymouth, this Riddle Close property could be for you. This sought-after area attracts buyers yearly, thanks to its family-friendly nature and multiple amenities.

Rigdale Close in Eggbuckland

This home boasts three bedrooms, one bathroom, and one reception room – ideal for anyone who wants to settle down with children. An essential bonus of Riddle Close is its cul-de-sac design, so make sure you book a viewing before the property disappears.

Victoria Place

Situated in Stoke, this first-floor flat is here to provide spacious living in a well-connected area. This flat has space for you and your loved ones, with two bedrooms, a bathroom, and a reception room. Plus, you’ll never have to worry about parking again, thanks to an allocated space behind the building.

Victoria Place

If houses for sale in Keyham, Plymouth are on your list, consider this area. Though Stoke is south of Keyham, it provides trustworthy transport links to Cornwall and Exeter, and it’s closer to Plymouth city centre.

Albert Road

Dreaming of houses for sale in Devonport, Plymouth? Meet our Albert Road maisonette. Though this property is located in Stoke, you’re just northeast of Devonport and well-connected to the area.

Albert Road

This property provides two bathrooms, three bedrooms, and one spacious reception room. A key bonus of this space is the property’s large windows, ideal for anyone who wants an abundance of light. Note that this is an investor-only property!

Fairview Avenue

When looking for houses for sale in Efford, Plymouth, don’t ignore Fairview Avenue! This location is also great for anyone searching for houses for sale in Laira, Plymouth, as the road is east of both areas.

Fairview Avenue

This property comes with three bedrooms and unbeatable views. Here, you can enjoy Saltram’s landscape and views of the nearby estuary. Alongside these popular features, the house offers an attic space, an open plan kitchen, and a large family bathroom – everything a family needs to thrive.

Plympton

Located in Elfordleigh, this property is ideal for anyone looking for a luxury space. With an impressive six bedrooms, four bathrooms, and three reception rooms, this property is here to cushion your family and guests if you wish.

Elfordleigh

Located northeast of Efford, this is a must-view for anyone searching for houses for sale in Efford, Plymouth. Remember, always look around your target location to see what local areas can also offer.

The Bottom Line

Where do you imagine yourself in a year? Whether you have a clear vision or no idea, allow Pilkington Estates to guide you into the future. Our team is dedicated to your dream home with a vast network of properties and expert estate agents.

Explore the best Plymouth has to offer today. Contact our team online here.

Want to learn more? Find out Plymouth-based blog content here.

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Top 5 Factors To Consider When Choosing A Plymouth Home

Aerial view of Plymouth harbour

When you’ve decided it’s your time to move, one of the most important decisions is where you want to buy.

Many buyers will have a potential location in mind already, but it’s always crucial to research your dream area just in case. You never know, you might find a place that suits you and your family better too!

When it comes to houses for sale in Plymouth, there are five distinct factors to consider when moving. Alongside researching these elements, it’s advised that you and your loved ones sit down and work out what your top priorities are. This will help you make the most of your research and land you a successful new home!

Ready to get started? Let’s see what you need to remember when moving to Plymouth.

Local Amenities

Firstly, local amenities are a crucial element to examine when moving. Often, buyers expect to have food shops, healthcare, and other miscellaneous stores within a five or ten-minute drive of their new property.

The closer the amenities are to your home, the higher the property price is likely to be. Many buyers dictate their property search based on proximity to amenities, especially if healthcare is needed frequently. Derriford Hospital is the area’s largest healthcare centre, ensuring all residents can access high quality NHS care. 

Don’t be afraid to put your needs first when looking for houses for sale in Plymouth. You never know; you might find your dream within walking distance of your most important amenity!

Transport Links

Another all-important factor to consider is local transport links. These include local buses, national railway networks, and roads for private vehicles. Unless you love your own space, it’s essential to be connected with the rest of the world!

Area profiles and online transport websites are great resources to check when completing your house search. If you’re a frequent traveller, you might also want to check the local airports, as these are essential for business travel! Plymouth’s closest airport is Newquay airport, but watch this space! We might see the original Plymouth Airport opening in the future.

Schools

This factor might not concern all Plymouth buyers, but if you’re planning to start a family, schools are a key amenity you should be on the lookout for. 4 bed houses in Plymouth near schools get snapped up fast, so mention this to your estate agent to get notified when local homes become available.

Plymouth offers various options for all ages, from primary and secondary schools to universities. Also, 13 local schools have received an Ofsted Outstanding rating too.

Job Opportunities

What do you do for a living? While many now work from home, looking for nearby jobs and industries is vital when you’re moving house. There’s no point moving miles away from your profession, so check ahead to save stress.

Plymouth boasts a range of industries, including a vibrant hospitality scene, professional corporate roles, and many healthcare roles. Whatever you specialise in, there are houses for sale in Plymouth that can meet your needs.

Entertainment

Finally, make sure you also examine local entertainment options. While entertainment isn’t the most important factor on this list, it’s still worth considering. Life is dull without enjoyment!

Popular entertainment options in the Plymouth area include drinks and dinner by the waterfront, exploring the local coastline and green spaces, and exciting theatre culture.

Top-rated activities include:

  • Saltram
  • Plymouth Gin Distillery
  • The Barbican
  • Smeaton’s Tower

There’s always time for a memorable night out here.

The Bottom Line

When finding houses for sale in Plymouth, it’s important to know what you want before you start searching. House hunting can be stressful, but the best way to combat nerves is to have a mental list of your priorities. So, what are you looking for?

If you’re ready to start your housing journey, allow the Pilkington Estates team to guide you. With expert knowledge and years of experience, our team is here to help you find your forever home. Contact us here.

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Area Profile: Mannamead

Mannamead is a popular area in Plymouth, but what does it offer?

If you’re looking for a Plymouth home, you’ve probably researched a range of suburbs in this unique area. But, before you decide, make sure you’ve looked at Mannamead too!

We’ve gathered all you need to know about this area to help you decide whether it’s right for you. Keep on reading to find out about facilities, history, and whether Mannamead is family-friendly or not.

Scroll to find out more!

Welcome To Mannamead

Located northwest of Plymouth city centre, Mannamead is close to the action of the cosmopolitan city. However, this suburb also offers residents peace and quiet, perfect for families who want the best of both worlds.

This picturesque area was an affluent destination in the Victorian and Edwardian days. Today, Mannamead still offers this vintage seaside charm through wide avenues and grand villas. If you want to stroll down historical avenues and bask in old coastal grandeur, Mannamead might be your next address.

How Connected is Mannamead?

Mannamead offers a range of transport links, keeping residents connected to Plymouth centre and the rest of the UK.

A range of bus routes can take you south towards the city or north to Whitleigh, Derriford Hospital, or Woolwell. Stagecoach buses are also available via Mannamead Road.

After a quick bus journey to the city centre, Mannamead residents can find Plymouth station, which offers both GWR and CrossCountry trains. Common connections bring residents to London Paddington, Exeter, and even Edinburgh!

What Facilities Does Mannamead offer?

When choosing a new area to live in, you need to know the essential services! So, what can you find in Mannamead?

The facilities in this suburb include an NHS GP surgery (The Mannamead Surgery), a dental clinic, a car garage, a range of grocery stores (including a Tescos), and a PureGym. Local residents can enjoy high-quality facilities within walking distance of their Plymouth property.

Alongside practical amenities, Mannamead offers a range of restaurants, cafes, and bars. Popular options include The Penguin Lounge and The Mannamead – JD Wetherspoon pub named after the area.

Is Mannamead Family Friendly?

If you’re looking to relocate to Plymouth with your family, you might want to explore the school options in Mannamead.

Thanks to this suburb’s position near the city centre, children in this area have connections to impressive education centres. There are Ofsted Outstanding options for kids of all age groups, from day nurseries to primary and academy schools.

Some primaries and academies may require children to take a bus daily, but many are within walking distance. Popular Mannamead school choices include Devonport High School for Boys, Frogmore Montessori Nursery, and High View School. Explore the school options in more depth here.

Alongside schools, Mannamead is home to Mutley Park and Thorn Park – two popular areas for family days out and summer sports. Kids can also enjoy the local Tennis club and junior football teams.

Bottom Line

With an impressive collection of amenities, transport links, and school options, Mannamead could be your Plymouth home. This area has everything a young family needs to thrive! If you want to learn more about this area or find properties nearby, contact us here.

Stay up to date with our blog here.

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Which Plymouth Area Is Best for A Young Family?

Young family in new home

Choosing your future home is an exciting experience. There’s nothing like the feeling of exploring possible houses and imagining your family thriving there.

If you’re looking for family homes in Plymouth, there are a few areas that should be on your radar. Before you jump into the home search, make sure you investigate some of these popular family-friendly areas.

We’ve researched the best areas for family homes in Plymouth, so you don’t have to! Whether you’re starting your property journey or mid-search, take some time to inspect these popular areas.

Keep reading to learn more about buying in Plymouth!

Why Should You Settle Down in Plymouth?

Plymouth has a unique charm that you won’t find in any other UK city. With modern hospitality options and a beautiful coastline, this city is ideal for raising a family.

Did you know Plymouth was also voted the second-best UK city to raise a family in? Plymouth offers families childcare at (approximately) £525 per month, and the city also boasts more child-friendly attractions than other locations in the report.

Whether you’re a Plymouth local or new to the area, there are many reasons to settle down in this city.

Which Areas Are the Best for A Young Family?

Plymouth has a lot to offer, but make sure you check out nearby areas too. Here are some of the best places for family homes in Plymouth.

Peverell

Located in central Plymouth, Peverell is perfect for keeping a balanced family life and living close to the city centre. Peverell allows families to enjoy the nearby city amenities, but it also features Central Park – the city’s most significant green space.

The houses available in Peverell consist of Edwardian terraced houses and semi-detached 1930s properties. This area is seen as safe to invest in, as the housing is good quality and there are few social issues. Peverell is a popular spot for first-time buyers and families. If you move here you can expect a community of like-minded property owners!

Peverell offers all the amenities needed for a growing family. With two GP surgeries, a range of shops, pubs, and three schools nearby, this area includes all growing family needs.

Plympton

If you’re interested in buying in Plymouth, consider Plympton. This old town has attractive antique architecture and used to be an ancient stannary town. Plympton is a residential area located five miles east of the city centre.

Plympton offers residents the Ridgeway Shopping Center, health centres, dental surgeries, and it even has a National Trust point of interest. Here you’ll find the Saltram House and grounds, as well as the ruins of Plympton Castle.

There are eight local primary schools to choose from, plus two secondary schools. Plympton also features regular bus services to the city centre, East Devon and Cornwall, leaving you connected to other local areas.

Plymstock

Plymstock is made up of a collection of small villages located south of the city centre. This quiet suburb offers good-quality housing, various shopping options, popular schools, and a low-crime status. Plymstock is also located close to beaches, ideal for a family day out!

One of the key factors that draw families to this area is the high-performing primary and secondary schools. Many of the schools here are Ofsted outstanding and have a high satisfaction rate.

The housing options here are very diverse. From detached houses and modern apartments to luxury homes and period cottages, buyers can choose which home suits them best.

If you’re still unsure about family homes in Plymouth, try researching some of these additional family-friendly areas.

  • The Hoe. This area is full of history and excitement, perfect for keeping children busy. While The Hoe is often seen as a place for a day out, it’s becoming more and more popular for families to settle.
  • Mannamead. This suburb is leafy and green with large period houses and private schools. Mannamead is seen as a desirable residential area, and it has been named one of the 14 conservation areas within Plymouth. The BBC local studios are based here too.
  • Stoke. This suburb is affordable, close to the city, and it also offers Ofsted outstanding education. Stoke is also well connected with close-by train stations and bus links to the city centre.

The Takeaway

Many areas close to Plymouth are still hidden gems. It’s always good to thoroughly research the nearby suburbs and the city centre. Plymouth is one of the best cities in the UK to raise children, so start your property journey now!

Here are Pilkington Estates, we’re passionate about helping families find their forever home. If you’re buying in Plymouth or looking for family homes in Plymouth, get in touch with our team today.

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7 Properties in Plymouth and Surrounding Areas to Start a Family

Family moving in

Meta Description: Starting a family is an exciting step, but are you settled in your forever home? Explore family homes in Plymouth here.

Introduction

When looking for family homes in Plymouth, it can be challenging to know where to start. Plymouth is a modern city with the perks of a traditional seafront, ideal for starting a family. Whether you’re new to the area or not, we’re delighted to help you on your journey for family homes in Plymouth.

In this article, you’ll find the top seven properties in the market right now. There are options further afield for those who want to enjoy the peace of family life, and there are homes nearer to the centre too for those who want to be in on the action too. No matter your needs, we’ve got options for all budgets, locations, and family sizes.

What should you look for in a family home?

Before we jump in, we’ll quickly recap what elements you should be on the lookout for when deciding on a new family home.

The top features for families include:

  • Space to grow your family
  • Space for storage and personal items
  • A functional home layout
  • A garden or good outdoor space
  • Multiple parking options
  • Nearby schools
  • Family-friendly attractions close by

Luckily, nearly all Plymouth-based communities have access to high-quality schools and areas of natural beauty. With lots to do in the centre and excellent transport links to London and Cornwall, you’ll never be at a loss for a family day out!

Ready to explore family homes in Plymouth? Scroll down to see what the Pilkington States team has to offer.

1.The Brook, Saltash

Located in popular Saltash, this property is ideal for those ready to put down some roots. The property offers four spacious bedrooms, two bathrooms, and two further reception rooms. You can also find a sizable garage, a multiple-parking driveway, and a generous rear garden too.

Explore the property here.

2.Murhill Lane, Plymstock

This three-bedroom home sits in the idyllic Saltram Meadow area. Murhill Lane can offer you some respite from the busy school run if peace and quiet are essential to you and your growing family. The property also features three bathrooms, including an en suite in the master bed. A key benefit to this home is that it’s south-facing and a suntrap in all seasons.

Explore the property here.

3.Fairview Avenue, Plymouth

Want to be closer to the city centre? This Plymouth-based home could keep your family in the loop. With three bedrooms and a rear garden, this property is well-equipped for family life. There’s also a loft room that could serve as a home office or playroom for children.

Explore the property here.

4.Budshead Road, Plymouth

If you want a property with extra space for a growing family, Budshead Road could be your next residence. This spacious property offers four bedrooms, two bathrooms, and two reception rooms. Not only that, but the property is close to Plymouth centre, allowing residents to enjoy city and family life.

Explore the property here.

5.Donierts Close, Liskeard

Situated in Liskeard, west of Plymouth, this home is ideal for those ready to start a family. With an abundance of greenery and transport links to Plymouth and Cornwall, this area offers a mix of city and country life. The Donierts Close property has two bedrooms, one bathroom, and two extra reception rooms.

Explore the property here.

6. Turnchapel, Plymouth

Nothing says family life like a quaint cottage. If you’re ready to take the next step, take it in this terraced cottage in Turnchapel. Located close to the seafront and a short journey from the centre of Plymouth, your family will grow surrounded by a positive local community. The cottage provides two bedrooms, one bathroom, and a separate reception room too.

Explore the property here.

7. Fairview Avenue, Plymouth

If you’re not ready to give up city life, this Fairview Avenue property will allow you to start a family in the heart of Plymouth. With three bedrooms, a basement, and a garden, this property has ample space for you and your loved ones to enjoy.

Explore the property here.

Are you ready to move?

Though there are many family homes in Plymouth, we want to help you find an option that ticks all of your boxes. When you work with the Pilkington Estates team, we’ll be by your side every step of the way to ensure a smooth and satisfying move for your family.

Interested in buying or selling? Find out more about our trusted moving process here!

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Plymouth Named Second Best UK City To Start A Family

Happy family having fun in an new house

Whether you’re looking to start a family, or perhaps you already have children, Britain’s Ocean City should be on your list of cities to research when you’re thinking of buying a family home. Plymouth is popular with young parents, offering them all they need for a thriving family life.

Plymouth has recently been voted the second-best city in the UK to raise children in, beating out other large cities like Bournemouth, Manchester and Birmingham. Let’s take a look and see what makes this area so great for family life.

The second best UK city to raise children in

Only beaten by one city, Plymouth did extremely well in PlayLikeMum’s ranking of the top UK cities to start a family in. This research was conducted by looking at factors like schools, things to do, eating out, earnings, safety, and affordable housing too.

Plymouth came out at second best in the UK, only beaten by Liverpool. However, Plymouth did win two categories, including Things to do and Cost of Childcare. Unlike other UK cities, Plymouth offers 20.63 kids attractions per 100,000 people and the average cost of childcare is £525 per month for private services. Liverpool had the highest number of schools deemed “Outstanding” and Brighton and Hove had the most child-friendly restaurants per 100,000 people.

In third place was Newcastle upon Tyne and in fourth was Bournemouth. Bolton came in fifth place, followed by Birmingham and Manchester too. Surprisingly, London came in last in 25th place with the lowest scores for childcare costs, safety, housing prices, and the lowest overall score.

What does Plymouth offer?

When it comes to great attractions for kids, Plymouth is up there as it has a range of indoor and outdoor activities. From the Plymouth Mystery Treasure Trail to the National Marine Aquarium, there’s never a dull weekend if you’re growing up in this coastal city. There are also the docks and waterfront too, perfect for taking the kids for an afternoon out by the seaside.

The Plymouth area boasts a range of primary and secondary schools with great Ofsted ratings. Whether you want a city-centre school or a school in a quieter area, there are lots of high-quality educational institutions to choose from.

Another benefit to raising children in Plymouth is the great leisure and sports facilities available there. Kids benefit from being active, so parents in the city love visiting the multiple swimming pools, the lido and the Plymouth Life Centre.  This centre is one of the country’s leading leisure venues that offers a 12-court sports hall, indoor bowling, climbing walls, and an Olympic size swimming pool.

Great fun for all the family

From exciting attractions to well-rated schools, Plymouth has all you need when raising a family. Not only that, but the bustling waterfront area has lots of restaurants and bars for parents too! If you’re interested in buying family homes in Plymouth moving to the best city to raise children in the south of the UK don’t hesitate to contact our team today.

Let us handle the hassle of moving for you. Find out more about the Pilkington Estates services here.