PL15 9EL is a residential postcode situated on Okehampton Road, Launceston, PL15 with 16 addresses.
It ranks as the 634th largest and 43rd most expensive of the 881 postcodes in the PL15 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 16 properties: 16 flats.
PL15 9EL is a residential postcode situated on Okehampton Road, Launceston, PL15 with 16 addresses.
It ranks as the 634th largest and 43rd most expensive of the 881 postcodes in the PL15 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 16 properties: 16 flats.
Sale prices range from £112,324 for 2 bedroom leasehold flats (512 ft2) to £132,772 for 2 bedroom leasehold flats (710 ft2) .
Monthly rental prices range from £530 pcm for 2 bed flats to £574 pcm for 2 bed flats.
The gross rental yield is between 5.2% and 5.7%.
The average value per square foot is £193.
The last sale in PL15 9EL sold for £115,000 on 28th January 2026. Since then prices are up an average of 5.0%.
The current average value in the postcode is £127,042.
The PL15 9EL Sales Market has increased by 32.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4% | £127,042 |
| April 2025 | -0.8% | £122,140 |
| April 2024 | -0.9% | £123,169 |
| April 2023 | 2.9% | £124,332 |
| April 2022 | 5.8% | £120,840 |
| April 2021 | 10.8% | £114,183 |
| April 2020 | -0.1% | £103,078 |
| April 2019 | 1.6% | £103,134 |
| April 2018 | 3.6% | £101,508 |
| April 2017 | 2.4% | £97,959 |
| April 2016 | 1.6% | £95,631 |
| April 2015 | 0.2% | £94,090 |
| April 2014 | 2.7% | £93,856 |
| April 2013 | -1.1% | £91,363 |
| April 2012 | -1.5% | £92,357 |
| April 2011 | -0.5% | £93,779 |
| April 2010 | -0.4% | £94,221 |
| April 2009 | -13.5% | £94,623 |
| April 2008 | 0.4% | £109,364 |
| April 2007 | 0% | £108,972 |
The current average rental value in the postcode is £564.
The PL15 9EL Rental Market has increased by 40.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4% | £564pcm |
| April 2025 | 5.5% | £542pcm |
| April 2024 | 4.9% | £514pcm |
| April 2023 | 2.6% | £490pcm |
| April 2022 | 11.2% | £478pcm |
| April 2021 | 4.6% | £430pcm |
| April 2020 | 2.2% | £411pcm |
| April 2019 | -0.3% | £402pcm |
| April 2018 | 0% | £403pcm |
| April 2017 | 0.7% | £403pcm |
| April 2016 | 1% | £400pcm |
| April 2015 | -0.3% | £396pcm |
| April 2014 | 0.8% | £398pcm |
| April 2013 | -0.3% | £394pcm |
| April 2012 | -0.2% | £396pcm |
| April 2011 | 1.7% | £397pcm |
| April 2010 | -0.8% | £390pcm |
| April 2009 | -10.3% | £393pcm |
| April 2008 | 8.3% | £439pcm |
| April 2007 | 0% | £405pcm |
The last sale was on 28th January 2026 for £115,000 and since then the market in the area has increased by 5.0%. The postcode has had a total of 33 sales since 1995.
PL15 9EL has seen 5 sales in the last three years and 1 sale in the last twelve months.
PL15 9EL is the 634th largest and the 43rd most expensive postcode out of the 881 postcodes in the PL15 area.
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The closest station to PL15 9EL is Gunnislake station which is 16.6 kilometres away.
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