Plymouth headed Lloyds’ list of rising local property values in its report published on 30 December 2025. The headline is useful only alongside the method behind it. This archive report was reviewed on 15 October 2026 and describes historical data, not current prices.
The number and its boundaries
Lloyds reported a 12.6% increase for Plymouth, with average values moving from £247,579 to £278,808 in its comparison. The underlying periods were rolling twelve months to the end of October in 2024 and 2025, rather than the complete calendar years.
The local analysis used Lloyds Banking Group mortgage data and included places with at least 150 mortgage offers. Buy-to-let and shared ownership were excluded. It is therefore not a census of every home or transaction in Plymouth, nor direct evidence of landlords’ investment returns.
Avoid turning a ranking into a valuation
A city-wide percentage cannot establish how much a particular home is worth. For a practical comparison, note the neighbourhood, property type, condition and tenure of each example used. Keep the dates alongside the figures so that older evidence is not mistaken for a current offer.
If discussing a purchase or sale with an agent, ask why the chosen comparables are relevant. Where an estimate differs from expectations, request the reasoning rather than assuming the headline percentage settles the question. A property with unusual features may require a more specific assessment.
Keep historical evidence in perspective
The report can form one part of a research file. It should sit alongside clearly dated local evidence and the details of the actual property. Do not interpret a strong past ranking as a promise that the same location will lead the next table.
For buyers and owners, the useful habit is to record both the finding and its limitations. In this case, that means retaining the mortgage sample, exclusions and October reporting cut-off whenever the 12.6% figure is repeated. Those qualifications make the archive more informative without overstating what the research proves.