Property trends for PL19

    PL19 covers the southern coastal areas of Devon, including Salcombe and the South Hams region. It is a sought-after destination characterised by maritime heritage, natural beauty, and strong community appeal.

    At a Glance

    Average Property Price - PL19

    £348,193

    56

    National percentile

    Average Monthly Rent - PL

    £982

    47

    National percentile

    Average Net Household Income - PL19

    £38,007

    49

    National percentile

    Flat / Maisonette Yield - PL

    5.7%

    60

    National percentile

    10-Year Annualised Price Growth - PL19

    3.4%

    42

    National percentile

    10-Year Annualised Rent Growth - PL

    3.8%

    45

    National percentile

    Property Price & Volume Trends

    The current average property price of £348,000 sits around the national middle ground. Over the past decade, prices have grown at 3.4% annually—a pace slower than the national average, reflecting more modest appreciation in this area. Transaction volumes have eased to 265 sales last year, down from a 10-year average of 314 per year.

    Rent & Yield Trends

    Average monthly rent of £982 is slightly below the national middle point. Rental growth over the past decade has reached 3.8% annually, marginally slower than the national pace. Flat yields have improved noticeably, rising to 5.7% in the latest year from a 10-year average of 4.7%, suggesting enhanced returns for buy-to-let investors.

    Income & Affordability Trends

    Average household income of £38,000 sits around the national median. The price-to-income ratio of 9.4x has deteriorated since 2016 (when it stood at 8.2x), signalling that property has become notably less affordable for local buyers. Rental affordability has remained essentially flat, with rent consuming 27.6% of household income compared to 27.7% a decade ago.

    Resident Demographic Profile

    The population is notably older than the national average: nearly 30% are aged 65 and over, compared to 20% nationally, and only 8% fall into the 16–24 age bracket against 11% nationally. Housing tenure is distinctly weighted towards outright ownership, at 47%—well above the national 34%—reflecting an affluent, established resident base. The employment mix shows particular strength in trades (14.5% vs 10.5% nationally) and caring professions (10.2% vs 9.2% nationally).

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