Local market reports › PL area › PL1 › PL1 4
Plymouth City Centre market report PL1 4, Plymouth
The standing PL1 4 (Plymouth City Centre) property market report, rebuilt from the full public record every month. Underneath every chart here sit 3,215 registered sales in PL1 4 (Plymouth) since 1995, the HM Land Registry record of what buyers really paid, with ONS figures covering rents. Nothing is a valuation, an estimate or an asking price.
Covers registered sales to 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: the middle 2026 sale in PL1 4 (Plymouth) came in at £162,000, out of 54 registered, down 11% on five years earlier, and the mean stands at £194,700, and by floor area homes here have averaged about £2,680 per square metre over the last five years. The record behind it is 3,215 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
PL1 4 is a postcode sector: one group of streets inside PL1 (Plymouth). This is as local as the public record gets, but sector medians move on fewer sales than a district's, so expect the lines to be lumpier.
Where PL1 4 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
What buyers actually paid in PL1 4
Take the 54 registered 2026 sales in PL1 4 and the middle price, the median, is £162,000. The mean lands at £194,700, well clear of it: the mark of a market where a small number of costly homes drag the average upwards.
What a square metre costs in PL1 4
Measured by floor area, the last five years of PL1 4 sales average about £2,680 per square metre. Price per square metre is the fair way to compare a one-bed flat with a four-bed house, and it comes from the Energy Performance Certificate on each sold home.
For scale: the England and Wales median is £285,000, so PL1 4 trades 43% below the country as a whole.
A typical PL1 4 home, priced year by year (1995 to 2026)
Year by year: the median as it was recorded, and the same figure brought into today's money with ONS CPIH, which is where "did homes get dearer" actually gets answered. Hover shows each year; the legend isolates a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £162,000 | £162,000 | 54 |
| 2025 | £160,000 | £163,826 | 93 |
| 2024 | £181,800 | £193,291 | 90 |
| 2023 | £183,500 | £201,622 | 113 |
| 2022 | £160,300 | £187,970 | 131 |
| 2021 | £182,200 | £230,689 | 118 |
| 2020 | £155,000 | £201,116 | 79 |
| 2019 | £162,000 | £212,343 | 97 |
| 2018 | £143,000 | £190,622 | 135 |
| 2017 | £140,000 | £190,946 | 151 |
| 2016 | £134,400 | £188,027 | 196 |
| 2015 | £164,000 | £231,732 | 166 |
| 2014 | £136,000 | £192,940 | 109 |
| 2013 | £135,000 | £194,252 | 120 |
| 2012 | £135,000 | £198,703 | 133 |
| 2011 | £134,000 | £202,288 | 113 |
| 2010 | £123,500 | £193,680 | 99 |
| 2009 | £160,000 | £257,201 | 67 |
| 2008 | £110,000 | £180,313 | 82 |
| 2007 | £103,000 | £174,717 | 101 |
| 2006 | £98,000 | £170,115 | 101 |
| 2005 | £106,500 | £189,527 | 150 |
| 2004 | £81,000 | £147,112 | 88 |
| 2003 | £62,000 | £114,219 | 93 |
| 2002 | £46,500 | £87,489 | 112 |
| 2001 | £37,500 | £72,092 | 79 |
| 2000 | £35,000 | £68,688 | 78 |
| 1999 | £27,500 | £54,806 | 60 |
| 1998 | £30,000 | £60,557 | 59 |
| 1997 | £28,200 | £57,833 | 56 |
| 1996 | £27,200 | £57,364 | 42 |
| 1995 | £28,000 | £60,868 | 50 |
In cash terms the typical PL1 4 home went from £28,000 in 1995 to £162,000 in 2026, roughly 6 times the price. Adjusted for inflation it still comes to a real rise of roughly 166%, so homes here got dearer in substance, not only in cash. Measured in today's money the market peaked in 2009; the current median sits about 37% below that. Someone who bought at the 2009 peak has not yet seen that price back in real terms.
Year-on-year change in the PL1 4 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2009 (+45.5% on the year before); the weakest, 2010 (−22.8%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +1.2% | −1.1% |
| 5 years (since 2021) | −2.3% | −6.8% |
| 10 years (since 2016) | +1.9% | −1.5% |
| 20 years (since 2006) | +2.5% | −0.2% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
How many homes change hands in PL1 4
How many homes change hands
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
Over the last twelve months of data, 54 sales completed in PL1 4. Turnover has held fairly steady across the cycle: about 96 sales a year recently, against 100 a year before 2008. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
What kind of market PL1 4 is
This is a thin market: 54 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict. Expect volatility in the annual figures: swings past ten per cent show up repeatedly above, and they usually reflect the mix of homes sold in a given year rather than genuine repricing.
What tenants pay around PL1 4
PL1 4 falls under Plymouth, where the ONS puts the average private rent at £994 a month (May 2026 figures). A one-bed averages £698 a month here and a four-or-more-bed £1,479, so size does most of the work in setting the rent.
Average monthly rent by size, Plymouth
ONS Price Index of Private Rents, May 2026.
Set against the £162,000 median sold price, £994 a month is £11,928 a year, a gross yield of 7.4%: gross, before letting costs, voids, maintenance and tax, so a ceiling rather than a promise. Rents are published at local-authority level, so nearby districts in the same authority share these figures.
What people ask about PL1 4 (Plymouth City Centre)
Is PL1 4 (Plymouth City Centre) a good place to buy a house?
How much did a house sell for in PL1 4 (Plymouth City Centre)?
Are property prices falling in PL1 4 (Plymouth City Centre)?
Where do PL1 4 prices go next?
That question has no honest answer, only evidence. The evidence: the median is down 11% over five years in cash but down 30% after inflation. Weigh the volume chart alongside the price one before deciding anything, and bear in mind every figure is a completed sale that reached the register weeks after completion.
What you could buy in PL1 now
The live side of the market holds 151 homes at the moment, listed by 11 agents publishing to HomesIndex.
These cover the whole PL1 district, not just PL1 4: live asking prices are collected per district.
32% of current listings sit under the prices comparable homes actually fetched. Every listing is measured against recent recorded sales of similar nearby homes.
- White Lane, The Barbican, Plymouth, Plymouth
- North Road West, Plymouth, Devon, PL1
- Theatre Ope, Plymouth, Devon, PL1
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every PL1 home for sale on the map →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
What another bedroom costs in PL
What homes of each size actually sold for across the PL area, from the Land Registry record. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £295,000 | £396,000 (+34%) | £575,000 (+45%) | £775,000 (+35%) |
| Semi-detached | £199,750 | £237,500 (+19%) | £283,500 (+19%) | £370,000 (+31%) | £487,500 (+32%) |
| Terraced | £179,000 | £200,000 (+12%) | £230,000 (+15%) | £274,750 (+19%) | £358,000 (+30%) |
| Flat | £120,000 | £152,000 (+27%) | £260,000 (+71%) | £445,000 (+71%) | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Where too few homes exist to say anything meaningful, the cell is blank.
The risers and the fallers
The spread across the PL area is the point: the same five years treated these districts very differently.
PL area districts: five years of change
The districts that gained and lost most in cash terms, each row linking through to its own report.
Other sectors in PL1
A few minutes' walk can separate two very different markets. Here are PL1's other sectors, each with its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| PL1 2 | £160,000 | 15 |
| PL1 3 | £180,000 | 35 |
| PL1 5 | £153,000 | 35 |
Zoom out to the full PL1 district report for the type split, monthly volumes and how PL1 compares with its neighbours.
Selling in PL1 4? Start from the sold record
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in PL1 4, open the average prices map and zoom from the PL1 4 shading down to the sold homes on your own street. Every recorded PL1 4 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim PL1 4.
Take it further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about PL1 4. Free, with a one click sign in.
The live map plots every individual PL1 4 sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on a real purchase.
Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.