PL1Plymouth

Central Plymouth City Centre

Central Plymouth City Centre investment guide. Average gross yield 4.5%, tenant's market rental demand.

4.5%avg gross yield

£183kavg sold price (363 sales, 12mo)

Tenant's marketrental demand

Article 4: No· Permitted development applies

Last updated May 2026

Average Gross Yield

4.5%

-1.3% vs Plymouth avg (5.8%)

Average Asking Price

£182,955

high confidence (363 sales)

Est. Monthly Rent

£1,089

2-bed · 3-bed £908 · 7.9% yield

Price Per Sq Ft

£261

City avg £242/sqft · 19 above average

Estimated Rent by Bedroom Count

Average asking rent and gross yield per bedroom count in PL1

1-bed

£842

per month

8.7% yield

2-bed

£1,089

per month

7.9% yield

3-bed

£908

per month

5.1% yield

4-bed

£1,214

per month

5.1% yield

Ownership mix

PL1 vs UK average · 21,175 dwellings · Source: ONS Census 2021

Landlord-heavy: 38% privately rented (btl) (18pp higher than the UK average of 20%).

Owned outrightNo mortgage on the property

17.4%(UK 32.9%)

-15.5pp vs UK

Owned with mortgageIncluding shared ownership

19.9%(UK 29.7%)

-9.8pp vs UK

Privately rented (BTL)Private landlord or letting agent

38.1%(UK 20.3%)

+17.8pp vs UK

Socially rentedCouncil or housing association

24.6%(UK 17.1%)

+7.5pp vs UK

Black tick = UK average. ONS Census 2021, TS054 (Tenure of household).

Yield by Property Type

Gross yield breakdown across property types in PL1

PropertyData.co.uk

Type	Gross Yield	Avg Price	Avg Rent/mo
Terraced →	4.6%	£252,500	£967
Semi-detached →	5.6%	£212,756	£985
Detached →	5.8%	£206,381	£997
Flat →	8.3%	£140,000	£967

Explore by strategy

Live data for each property type across Plymouth.

HMO Terraced Semi-detached Detached Flats Student lets New build Strategy primers →

About Central Plymouth City Centre (PL1, Plymouth)

PL1 attracts property investors seeking solid yields in a regenerating city centre location. With an average gross yield of 4.5% and asking prices around £182,955, the area offers accessible entry points compared to many UK markets, particularly for investors targeting rental portfolios.

The tenant demographic is mixed, with strong demand for one-bedroom properties (8.7% yield) suggesting appeal to young professionals and students, alongside family renters in 2-bedroom units (7.9% yield). However, larger properties show notably lower yields (3-bed and 4-bed both at 5.1%), indicating softer demand for family-sized homes in this city centre location.

Investors should note this is currently a tenant's market, which may create competitive pressures on rental growth and void management. The significant yield differential between 1-bed and larger units suggests careful property selection is essential; city centre flats may perform better than traditional family homes in this postcode.

Sold Price Trend - PL1

Average sold price, last 8 quarters

-17.1% over 2 years

Flip Activity - PL1

Same property bought and sold within 18 months, last 24 months

→ vs prior 24 months

Flips

last 24 months

Median uplift*

+76.3%

after HPI adjust

Median hold

15 mo

Flip rate

0.1%

of all sales

Recent case studies

stuart road

Terraced

Bought Aug 24

£145k

Sold Nov 25

£272k

15 mo+76.3%*

Gross 87.6%

* Real uplift after ONS regional House Price Index adjustment. Freehold and leasehold included; leasehold flips flagged as lease-extension status is not verifiable from public data. Source: HM Land Registry Price Paid Data.

Planning & Licensing - PL1

Restrictions that affect HMO and buy-to-let investors in this postcode district

✓

Article 4 Direction (HMO)Not in effect

HMOs of up to 6 occupants (C4 use class) can be created without planning permission in this area.

✓

Selective LicensingNot in effect

✓

Additional HMO LicensingNot in effect

Article 4 directions cover parts of Plymouth. The exact street-level coverage varies — confirm with the council before exchanging.

Planning information is for guidance only. Always verify with the local planning authority before purchasing. Data correct as of April 2026.

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