Property trends for EX7

    EX7 covers the Exmouth and Budleigh Salterton areas on the Devon coast, positioned between Exeter and the Dorset border. It is a seaside district with significant retirement appeal and established residential character.

    At a Glance

    Average Property Price - EX7

    £305,729

    43

    National percentile

    Average Monthly Rent - EX

    £964

    46

    National percentile

    Average Net Household Income - EX7

    £35,916

    37

    National percentile

    Flat / Maisonette Yield - EX

    4.4%

    8

    National percentile

    10-Year Annualised Price Growth - EX7

    3.4%

    44

    National percentile

    10-Year Annualised Rent Growth - EX

    3.5%

    26

    National percentile

    Property Price & Volume Trends

    The average property price of £306,000 is close to the national midpoint. Over the past decade, the district has seen annualised growth of 3.4%, slightly below the national average rate. Transaction volumes have softened considerably: 193 sales in the latest full year against a 10-year average of 309, signalling reduced market activity.

    Rent & Yield Trends

    Average monthly rents of £964 sit near the national middle ground. Rental growth over ten years has been modest at 3.5% annually, lagging the national pace. The flat yield has improved to 4.4%, up from a 10-year average of 3.9%, reflecting a gradual improvement in investment returns.

    Income & Affordability Trends

    Average household income of £36,000 falls below the national average. The price-to-income ratio of 8.5x has deteriorated since 2016 (8.0x), indicating purchase affordability has become tighter. Rental affordability has improved: the rent-to-income ratio has eased to 27% from 27.7%, offering modest relief for tenants.

    Resident Demographic Profile

    EX7 has a markedly older age profile, with over 31% aged 65 and above against a national average of 20%, and only 13.5% under 15 compared to 17.5% nationally. Homeownership is well above average at 44.6% owned outright, while those aged 50–64 form an unusually large cohort at 23%. The employment mix shows notably higher representation in caring roles (13.5% vs 9.2% nationally) and trades (12.5% vs 10.5%), with notably fewer professionals than the national average.

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