At a Glance
Average Property Price - PL21
£339,718
54
National percentile
Average Monthly Rent - PL
£982
47
National percentile
Average Net Household Income - PL21
£44,815
75
National percentile
Flat / Maisonette Yield - PL
5.7%
60
National percentile
10-Year Annualised Price Growth - PL21
3.3%
38
National percentile
10-Year Annualised Rent Growth - PL
3.8%
45
National percentile
Property Price & Volume Trends
The latest average property price in PL21 is £340,000, broadly in line with the national median. Over the past decade, prices have grown at 3.3% annually—slower than the UK average—reflecting a more measured market typical of rural Devon. Transaction activity has cooled recently, with 302 sales recorded in the latest full year compared to a 10-year average of 353 per year, suggesting a gradual softening in buyer interest.
Rent & Yield Trends
Average monthly rents in the broader PL postcode area stand at £982, slightly below the national median. Rental growth over the past decade has been 3.8% annually, marginally below the UK pace. The flat yield currently sits at 5.7%, noticeably above its 10-year average of 4.7%, indicating improving returns for buy-to-let investors and a tightening rental market relative to capital values.
Income & Affordability Trends
Average household income in PL21 is £45,000, notably above the national average and placing it in the wealthier fifth of UK neighbourhoods. Purchase affordability has modestly deteriorated, with the price-to-income ratio rising from 7.3x in 2016 to 7.8x today, though it remains manageable. Rental affordability has remained essentially flat over the same period at 27.6% of income, suggesting rents have broadly kept pace with earnings growth.
Resident Demographic Profile
The population skews notably older, with over a quarter aged 65 and above (compared to just under one-fifth nationally) and a substantially above-average 50–64 cohort. Conversely, the 16–24 age group is significantly under-represented at 8.2%, reflecting the area's limited appeal to young adults. Owner-occupation is very strong at 73.8% of households, with outright ownership at 42.1% well above the national average, and private rented housing at just 15.1%. Employment is dominated by professionals and tradespeople, with the trades sector notably larger than the national norm at 14.2%.