Property trends for EX35

    EX35 covers the North Devon coast and hinterland, including Ilfracombe and Barnstaple areas. It is a rural and coastal district with strong appeal to retirees and those seeking a quieter lifestyle.

    At a Glance

    Average Property Price - EX35

    £299,143

    42

    National percentile

    Average Monthly Rent - EX

    £964

    46

    National percentile

    Average Net Household Income - EX35

    £37,295

    46

    National percentile

    Flat / Maisonette Yield - EX

    4.4%

    8

    National percentile

    10-Year Annualised Price Growth - EX35

    3.3%

    38

    National percentile

    10-Year Annualised Rent Growth - EX

    3.5%

    26

    National percentile

    Property Price & Volume Trends

    The average property price of £299,000 sits slightly below the national midpoint. Over the past decade, the area has experienced modest price growth of 3.3% annually, which is a touch below the national pace. Transaction activity has eased considerably, with 21 sales recorded in the latest full year compared to a 10-year average of 38, suggesting a tightening of market fluidity.

    Rent & Yield Trends

    Average monthly rent of £964 is close to the national median. Rental growth has lagged nationally at 3.5% annually over a decade. The flat yield of 4.4% has improved from its 10-year average of 3.9%, reflecting recent strength in rental returns relative to property values.

    Income & Affordability Trends

    Household incomes average £37,295, slightly below the national norm. Purchase affordability has modestly deteriorated: the price-to-income ratio has risen from 10.0x in 2016 to 10.9x today. Rental affordability, by contrast, has improved marginally, with the rent-to-income ratio easing from 27.7% to 27% over the same period.

    Resident Demographic Profile

    The population is heavily skewed towards older age groups, with those aged 50 and above representing 58.6% of residents—far exceeding the national average. Working-age adults aged 16–34 make up just 14.6%, well below the national average of 24.4%. Housing tenure is dominated by outright ownership at 52.6%, nearly half again the national average, reflecting the prevalence of retiree householders. The employment mix favours managers and tradespeople, who together account for 35.9% of the workforce, markedly above national proportions, while professional roles are underrepresented.

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