As Plymouth's Landmark Estate Agents, we understand that staying informed about the local property market is crucial for landlords. This July 2026 update delves into the key trends shaping the lettings landscape, both nationally and right here in PL1-PL9, offering you real advice from real agents.

National Lettings Overview: Steady Growth and Persistent Demand

Nationally, the rental market continues to see steady growth. The UK average rent currently stands at £1,321, marking a 2.1% increase year-on-year. This consistent upward trajectory reflects an ongoing imbalance between supply and demand across the country.

Supply remains a significant factor, with available rental properties still approximately 25% below pre-pandemic levels. While competition has eased slightly from its peak of 15.5 enquiries per property, it remains robust at an average of 5.6 enquiries per property. This figure is still notably higher than pre-pandemic norms, indicating that well-presented and accurately priced properties continue to attract considerable interest.

Looking ahead, forecasts suggest a continued rental growth of 2-3% for the remainder of 2026. This positive outlook provides a stable environment for landlords, reinforcing the long-term viability of property investment.

Plymouth's Lettings Landscape: Local Demand Exceeds Supply

Here in Plymouth, we are experiencing similar, if not more pronounced, trends. The demand for rental properties across the PL1-PL9 postcodes consistently exceeds the available supply. This strong local demand creates a favourable environment for landlords, but it also underscores the importance of strategic property management.

Our local knowledge that works for you shows that while national figures provide a useful benchmark, the nuances of the Plymouth market require a more granular understanding. We see firsthand the consistent interest from prospective tenants, driven by factors such as our vibrant city centre, excellent transport links, and the appeal of coastal living.

Maximising Your Investment: Pricing and Presentation

In a competitive market, two factors are paramount for landlords looking to maximise their investment: accurate pricing and professional presentation.

Accurate Pricing

While demand is high, tenants are also discerning. Overpricing can lead to longer void periods, ultimately impacting your rental yield. Conversely, underpricing means you're not fully capitalising on your asset. Our expert insight and value come from our deep understanding of local rental values, allowing us to help you set a price that attracts quality tenants quickly while optimising your returns. We work with clients to achieve a price within market conditions, ensuring your property is positioned perfectly.

Professional Presentation

First impressions count. A professionally presented property not only attracts more interest but also often secures higher-quality tenants. This includes everything from clean, well-maintained interiors to clear, high-quality photography in your listing. Investing in minor repairs or cosmetic updates can significantly enhance your property's appeal and reduce the time it spends on the market. We're here to make moving easier for everyone, including ensuring your property stands out.

Smeaton Homes: Your Local Partner for Expert Insight

As Plymouth's Landmark Estate Agents, we pride ourselves on being local champions, offering the best service and honest advice. We can provide you with local-specific statistics, such as average days to let for properties in your area and detailed rental yield analyses. This proactive and creative approach helps you stay ahead of the curve.

We believe in no jargon, just straight-talking property help. Our team is professionally trained and NAEA qualified, committed to the highest level of training to offer you unparalleled expertise. We are known for being friendly, helpful, and approachable, dealing with real people with genuine interest.

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