Property trends for EX2

    EX2 covers central Exeter and surrounding neighbourhoods, sitting in the heart of Devon's county town. The area blends suburban residential character with easy access to urban amenities and employment.

    At a Glance

    Average Property Price - EX2

    £346,467

    56

    National percentile

    12 month avg at 31 Jul 2026

    Average Monthly Rent - EX

    £977

    45

    National percentile

    Estimate at 31 Jul 2026

    Average Net Household Income - EX2

    £40,630

    61

    National percentile

    2023 census data

    Flat / Maisonette Yield - EX

    4.6%

    6

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Price Growth - EX2

    2.1%

    22

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Rent Growth - EX

    3.5%

    23

    National percentile

    Estimate at 31 Jul 2026

    Street Rankings — EX2

    Top 5 streets in EX2 ranked by 3-year average sale price.

    #Street3Y Avg
    1Matford Road£3,000,000
    2Marlborough Road£1,163,250
    3Penleonard Close£1,100,000
    4Matford Avenue£1,091,667
    5Ark Royal Avenue£1,028,750

    Latest Rent — EX2

    Property Price & Volume Trends

    The latest average property price in EX2 is £344,000, close to the national midpoint. Over the past decade, prices have grown at 2.3% annually—notably below the national average, reflecting more modest capital appreciation than the wider market. Transaction volumes have declined, with 607 sales in the latest year compared to a ten-year average of 769, suggesting a moderately less active market.

    Rent & Yield Trends

    Average monthly rents in the broader EX area stand at £964, slightly below the national median. Rental growth over the past decade has averaged 3.5% per year, outpacing the slowest-growing regions but trailing the strongest performers. Flat yield has risen to 4.4%, up from a ten-year average of 3.9%, indicating a modest improvement in rental returns in recent times.

    Income & Affordability Trends

    Average household income in EX2 is £40,630, slightly above the national average. The price-to-income ratio has crept up to 9.2x from 9.0x in 2016, suggesting property has become marginally less affordable relative to earnings. Rental affordability has improved, however, with the rent-to-income ratio falling from 27.7% in 2016 to 27% today.

    Resident Demographic Profile

    The area has a notably higher proportion of young adults aged 16–24 (14.6% versus 11.0% nationally), reflecting the presence of the University of Exeter. The professional workforce is unusually strong at 25.4%, well above the national average of 20.5%. The under-15 population is slightly lighter than national norms, and the private rental tenure is above average at 24.8%, consistent with a university-influenced demographic.

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