# PL1 5PN Area Summary
PL1 5PN is located in the Stonehouse area of Plymouth, a historic waterfront district that has seen significant regeneration in recent years. This postcode sits close to Plymouth city centre and benefits from excellent transport links, including proximity to Plymouth Railway Station and the waterfront. The area is characterised by a mix of period conversions, modern apartment blocks, and traditional terraced housing, reflecting Plymouth's ongoing transformation from its naval heritage into a contemporary urban hub.
The property market here demonstrates strong affordability, with an average price of £114,300 across 87 properties—considerably below the national average. This makes PL1 5PN particularly attractive to first-time buyers, buy-to-let investors targeting the student and young professional market (given Plymouth University's proximity), and those seeking value in a city centre location. The area's pricing reflects Plymouth's position as one of the South West's most accessible property markets, offering urban living at substantially lower entry points than comparable cities.
The Stonehouse district combines practicality with character, offering residents easy access to the Royal William Yard development, the Hoe seafront, and Plymouth's expanding cultural quarter. Whilst the area retains some of its working maritime character, ongoing investment in infrastructure and the broader Ocean City regeneration project continues to enhance the locale's appeal and may influence future value growth.
The average house price in PL1 5PN, Plymouth is £114,300. Prices range from £24,000 to £592,500.
There are 87 properties in PL1 5PN, Plymouth.
PL1 5PN contains 69 flat / maisonette properties, 9 terraced properties, 6 semi-detached properties, 2 detached properties.
Average house prices in PL1 5PN have risen by 317.5% from £36,500 in 1995 to £152,375 in 2024.
PL1 5PN is located in Plymouth, Devon, England.