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Plymouth City Centre market report PL1 5, Plymouth
The PL1 5 (Plymouth City Centre) house price history in full, 1995 to 2026, in cash and in today's money. The raw material for this page is 4,479 HM Land Registry entries for PL1 5 (Plymouth), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.
Sales recorded to 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: 35 registered 2026 sales put the PL1 5 (Plymouth) median at £153,000, down 1% on five years earlier, with a mean of £181,900, and by floor area homes here have averaged about £2,050 per square metre over the last five years. Everything rests on 4,479 completed HM Land Registry sales since 1995, refreshed monthly; valuations and asking prices play no part.
PL1 5 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 5 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 a home in PL1 5 sells for
Take the 35 registered 2026 sales in PL1 5 and the middle price, the median, is £153,000. The mean lands at £181,900, a long way above it, which tells you a few very expensive sales are pulling the average up.
Price per square metre in PL1 5
By floor space, homes in PL1 5 have sold for about £2,050 per square metre on average over the last five years: the like-for-like measure that lets you compare a small flat with a large house, from the Energy Performance Certificate floor areas behind each sale.
For scale: the England and Wales median is £285,000, so PL1 5 trades 46% below the country as a whole.
The price of a typical PL1 5 home, 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 | £153,000 | £153,000 | 35 |
| 2025 | £175,000 | £179,185 | 91 |
| 2024 | £155,000 | £164,797 | 124 |
| 2023 | £155,500 | £170,857 | 110 |
| 2022 | £134,000 | £157,130 | 140 |
| 2021 | £154,500 | £195,617 | 154 |
| 2020 | £173,800 | £225,509 | 82 |
| 2019 | £152,500 | £199,891 | 90 |
| 2018 | £145,000 | £193,288 | 121 |
| 2017 | £137,000 | £186,854 | 94 |
| 2016 | £140,000 | £195,861 | 123 |
| 2015 | £135,700 | £191,744 | 120 |
| 2014 | £140,000 | £198,614 | 118 |
| 2013 | £142,000 | £204,324 | 99 |
| 2012 | £124,000 | £182,513 | 81 |
| 2011 | £125,000 | £188,702 | 75 |
| 2010 | £142,500 | £223,477 | 106 |
| 2009 | £137,900 | £221,675 | 112 |
| 2008 | £133,200 | £218,343 | 142 |
| 2007 | £133,200 | £225,944 | 188 |
| 2006 | £130,800 | £227,052 | 212 |
| 2005 | £114,000 | £202,874 | 198 |
| 2004 | £110,000 | £199,781 | 219 |
| 2003 | £100,000 | £184,224 | 298 |
| 2002 | £70,000 | £131,704 | 242 |
| 2001 | £53,600 | £103,043 | 201 |
| 2000 | £47,000 | £92,238 | 201 |
| 1999 | £45,000 | £89,683 | 175 |
| 1998 | £38,900 | £78,522 | 140 |
| 1997 | £41,600 | £85,313 | 150 |
| 1996 | £28,600 | £60,316 | 130 |
| 1995 | £37,500 | £81,519 | 108 |
In cash terms the typical PL1 5 home went from £37,500 in 1995 to £153,000 in 2026, roughly 4 times the price. Adjusted for inflation it still comes to a real rise of roughly 88%, so homes here got dearer in substance, not only in cash. Measured in today's money the market peaked in 2006; the current median sits about 33% below that. Someone who bought at the 2006 peak has not yet seen that price back in real terms.
Year-on-year change in the PL1 5 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 1997 (+45.5% on the year before); the weakest, 1996 (−23.7%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What PL1 5 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −12.6% | −14.6% |
| 5 years (since 2021) | −0.2% | −4.8% |
| 10 years (since 2016) | +0.9% | −2.4% |
| 20 years (since 2006) | +0.8% | −2.0% |
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.
Transaction volumes
Sales per year, counted
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, 35 sales completed in PL1 5. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 220 sales a year before the financial crisis and 100 a year over the last five. Watch the volume as closely as the price. Thin years make jumpy medians, where one street's sales can move the figure, and the newest year is always incomplete because registrations trail completions by weeks or months.
How PL1 5 trades
This is a thin market: 35 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. The record here is jumpy: year-on-year moves of ten per cent or more are common in the chart above, mostly a function of which homes happened to sell rather than the market lurching.
What tenants pay around PL1 5
For renting purposes PL1 5 sits in Plymouth. The ONS average private rent there is £994 a month (May 2026). Size sets most of the rent: one-beds average £698 a month here against £1,479 for four or more bedrooms.
Average monthly rent by size, Plymouth
ONS Price Index of Private Rents, May 2026.
£994 a month is £11,928 a year, which against the £153,000 median sold price makes a gross yield of 7.8%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
Common questions on PL1 5 (Plymouth City Centre)
Is PL1 5 (Plymouth City Centre) a good place to buy a house?
How much did a house sell for in PL1 5 (Plymouth City Centre)?
Are property prices falling in PL1 5 (Plymouth City Centre)?
Will PL1 5 prices rise from here?
Prediction is not this page's business. Its business is the record, which says: the median is roughly flat over five years in cash but down 22% after inflation. Read the volume chart with the price chart before acting on either, remembering that registrations trail the deals themselves by weeks.
On the market in PL1 today
Turning to what is actually available: 151 homes on the market right now, from 11 agents publishing to HomesIndex.
These cover the whole PL1 district, not just PL1 5: live asking prices are collected per district.
32% of current listings sit under the prices comparable homes actually fetched. Each listing is compared with recent recorded sales of similar homes nearby.
- White Lane, The Barbican, Plymouth, Plymouth
- North Road West, Plymouth, Devon, PL1
- Theatre Ope, Plymouth, Devon, PL1
The "under comparable sales" label measures each asking price against real nearby sales of similar homes: an opening position for a conversation rather than a valuation. The home itself still needs looking at.
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.
The price of an extra bedroom in PL
The Land Registry record, split by size: what each kind of home actually sold for across the PL area. Size steps are fiercely local. A third bedroom adds a quarter to the price in some areas and close to four fifths in others, which is why no national rule of thumb survives contact with a real market.
| 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%) | — |
Four years of recorded sales, split by built form and bedroom count. The register does not state bedrooms, so sizes come from each home's EPC record and a few homes will land one size out. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
The spread across the PL area is the point: the same five years treated these districts very differently.
Five-year change in the median, PL area districts
Cash-terms risers and fallers across the area; click any row for that district's full report.
Other sectors in PL1
Prices can differ sharply between two sectors a few minutes' walk apart. The rest of PL1, each linking to its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| PL1 2 | £160,000 | 15 |
| PL1 3 | £180,000 | 35 |
| PL1 4 | £162,000 | 54 |
Zoom out to the full PL1 district report for the type split, monthly volumes and how PL1 compares with its neighbours.
Before you sell in PL1 5: what the record supports
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at PL1 5's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim PL1 5.
Take it further
The AI answers from the same Land Registry data this report is built on, already scoped to PL1 5. Free after a one click sign in.
See every individual PL1 5 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.