Property trends for EX18

    EX18 covers the North Devon coast and surrounding rural areas, situated in the far west of Devon. It is a predominantly rural district with strong appeal to retirees and those seeking a quieter, countryside lifestyle.

    At a Glance

    Average Property Price - EX18

    £332,799

    52

    National percentile

    Average Monthly Rent - EX

    £964

    46

    National percentile

    Average Net Household Income - EX18

    £37,155

    45

    National percentile

    Flat / Maisonette Yield - EX

    4.4%

    8

    National percentile

    10-Year Annualised Price Growth - EX18

    2.1%

    10

    National percentile

    10-Year Annualised Rent Growth - EX

    3.5%

    26

    National percentile

    Property Price & Volume Trends

    The average property price of £333,000 sits at the national midpoint, reflecting a broadly typical market for England and Wales. Over the past decade, the district has experienced annualised price growth of just 2.1%, placing it among the slowest-growing areas nationally. Transaction activity has softened noticeably: 41 sales were recorded in the latest full year, down from a 10-year average of 57 per year.

    Rent & Yield Trends

    Average monthly rent of £964 is slightly below the national average. Rental growth over the past decade has been measured at 3.5% annually, below the national pace of increase. The flat yield has improved meaningfully, now standing at 4.4% compared to its 10-year average of 3.9%, suggesting a modest shift in favour of rental investors.

    Income & Affordability Trends

    Average household income of £37,155 is slightly below the national average, reflecting the rural character of the district. The price-to-income ratio of 9.2x has deteriorated since 2016 (when it stood at 8.9x), indicating that property affordability for owner-occupiers has weakened. Rental affordability, conversely, has improved: the rent-to-income ratio has fallen from 27.7% to 27%, reducing the burden on renters.

    Resident Demographic Profile

    EX18 has a markedly older population profile, with over-50s representing 55.5% of residents compared to 39.4% nationally; those aged 65 and over account for nearly 30%, well above the 19.6% national average. The district is heavily weighted towards outright ownership at 50.2%, significantly above the 33.7% national figure. The employment mix is dominated by trades workers at 21.7%, more than twice the national proportion, reflecting a strong craft and construction-skilled workforce. Conversely, professional and managerial employment is underrepresented relative to national patterns.

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