Property trends for EX22

    EX22 covers the southern and eastern parts of East Devon, including the towns of Axminster and Seaton, situated between Exeter and the Dorset border. The district blends coastal and countryside character, appealing to both retirees and families seeking quieter market towns with good access to the coast.

    At a Glance

    Average Property Price - EX22

    £331,809

    52

    National percentile

    Average Monthly Rent - EX

    £964

    46

    National percentile

    Average Net Household Income - EX22

    £33,248

    21

    National percentile

    Flat / Maisonette Yield - EX

    4.4%

    8

    National percentile

    10-Year Annualised Price Growth - EX22

    3.7%

    56

    National percentile

    10-Year Annualised Rent Growth - EX

    3.5%

    26

    National percentile

    Property Price & Volume Trends

    The average property price in EX22 stands at £332,000, close to the national midpoint. Over the past decade, prices have grown at 3.7% annually—slightly faster than the broader national trend. Transaction activity has softened considerably; only 110 sales were recorded in the latest full year, well below the 10-year average of 177 annually.

    Rent & Yield Trends

    Average monthly rent across the broader EX postcode area is £964, below the national average. Rental growth over the past decade has been modest at 3.5% per year, significantly slower than most regions nationally. The flat yield currently stands at 4.4%, a meaningful improvement from its 10-year average of 3.9%, indicating strengthening rental returns relative to capital values.

    Income & Affordability Trends

    Average net household income in EX22 is £33,248, well below the national average. The price-to-income ratio of 10.9x has deteriorated markedly since 2016 (when it stood at 8.3x), making home purchase significantly less affordable for local earners. Rental affordability has improved slightly; the rent-to-income ratio has eased from 27.7% to 27%, though it remains at the tighter end of the spectrum.

    Resident Demographic Profile

    The area skews heavily towards older residents, with nearly 28% aged 65 and over—substantially above the national average of 19.6%—whilst those aged 16–24 and 25–34 are markedly underrepresented. Outright home ownership is exceptionally high at 49.5%, nearly 16 percentage points above the national norm, reflecting the prevalence of older, mortgage-free households. The employment profile is dominated by skilled trades (23%), considerably above the national average of 10.5%, alongside above-average rates of caring roles and elementary occupations, whilst professional and technical roles are markedly scarce.

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