Property trends for EX14

    EX14 covers the Axminster and Colyton areas in east Devon, positioned between Exeter and the Dorset border. It is a rural and small-town district with a notably mature population and a strong tradition of owner-occupation.

    At a Glance

    Average Property Price - EX14

    £318,357

    48

    National percentile

    Average Monthly Rent - EX

    £964

    46

    National percentile

    Average Net Household Income - EX14

    £38,576

    52

    National percentile

    Flat / Maisonette Yield - EX

    4.4%

    8

    National percentile

    10-Year Annualised Price Growth - EX14

    3.1%

    31

    National percentile

    10-Year Annualised Rent Growth - EX

    3.5%

    26

    National percentile

    Property Price & Volume Trends

    The average property price in EX14 is £318,000, close to the national midpoint. Over the past decade, prices have grown at 3.1% annually—below the national average, reflecting modest but steady appreciation. Transaction activity has eased from its 10-year norm, with 325 sales last year compared to a historical average of 393, suggesting a tightening in market flow.

    Rent & Yield Trends

    Average monthly rent in the broader EX area is £964, slightly below the national median. Rents have risen 3.5% annually over ten years, a pace slower than the national trend. The flat yield currently stands at 4.4%, above its 10-year average of 3.9%, indicating improving rental returns for investors in the district.

    Income & Affordability Trends

    Household income in EX14 averages £38,576, marginally above the national median. The price-to-income ratio has edged up to 8.7x from 8.0x in 2016, signalling that property has become slightly less affordable relative to earnings. Rental affordability has improved over the same period, with the rent-to-income ratio falling from 27.7% to 27%, offering modest relief for tenants.

    Resident Demographic Profile

    EX14 has a distinctly older population: those aged 65 and over represent 29% of residents—nearly half as much again as the national average—while under-16s are underrepresented at 16%. The working-age cohort aged 16–24 is notably sparse at 8%, well below the national 11%. Housing tenure is heavily weighted toward outright ownership at 46%, nearly 40% above the national norm, and trades account for 16% of employment, significantly above the 11% baseline, reflecting the district's rural character.

    Explore nearby