Property trends for EX3

    EX3 covers the mid-Devon area, sitting between Exeter and the rural heartland to the north and east. It is a mixed community blending suburban and countryside character, appealing to families and those seeking semi-rural living within reach of urban amenities.

    At a Glance

    Average Property Price - EX3

    £614,794

    90

    National percentile

    Average Monthly Rent - EX

    £964

    46

    National percentile

    Average Net Household Income - EX3

    £45,087

    76

    National percentile

    Flat / Maisonette Yield - EX

    4.4%

    8

    National percentile

    10-Year Annualised Price Growth - EX3

    3.5%

    49

    National percentile

    10-Year Annualised Rent Growth - EX

    3.5%

    26

    National percentile

    Property Price & Volume Trends

    The latest average property price in EX3 is £615,000, placing it among the most expensive districts nationally. Over the past decade, prices have grown at 3.5% annually, which is close to the national average. Transaction volume has moderated recently, with 101 sales in the latest full year compared to a 10-year average of 129.

    Rent & Yield Trends

    Average monthly rent across the broader EX postcode area stands at £964, slightly below the national midpoint. Rental growth over ten years has been modest at 3.5% per annum, below the national average pace. The flat yield has improved to 4.4% in the latest year from a 10-year average of 3.9%, suggesting a positive shift in rental returns relative to capital values.

    Income & Affordability Trends

    Average household income in EX3 is £45,087, notably above the national average. The price-to-income ratio has risen to 13.5x from 12.4x in 2016, indicating that buying power has not kept pace with price growth. Rental affordability has improved slightly over the same period, with rent-to-income falling from 27.7% to 27%.

    Resident Demographic Profile

    The population skews notably older, with 23% aged 65 and over compared to the national average of 19.6%, whilst the 16–24 age group is underrepresented at 9.5%. Home ownership is strong, with 41.3% owning outright—well above the national norm of 33.7%—and correspondingly lower private rental tenure at 16%. The employment profile is weighted towards professional roles, which account for 24.5% of the workforce against a national average of 20.5%.

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