Property trends for TA14

    TA14 covers Ilminster and surrounding villages in south Somerset, near the Devon border. It is a predominantly rural area with a mature population and a strong community character.

    At a Glance

    Average Property Price - TA14

    £373,943

    62

    National percentile

    Average Monthly Rent - TA

    £945

    40

    National percentile

    Average Net Household Income - TA14

    £36,925

    43

    National percentile

    Flat / Maisonette Yield - TA

    6.0%

    72

    National percentile

    10-Year Annualised Price Growth - TA14

    4.4%

    78

    National percentile

    10-Year Annualised Rent Growth - TA

    3.5%

    23

    National percentile

    Property Price & Volume Trends

    The latest average property price in TA14 is £374,000, placing it slightly above the midpoint of national values. Over the past decade, prices have grown at 4.4% annually—a pace noticeably faster than the national average. Transaction activity has slowed in recent years: 44 sales were recorded in the latest full year, compared to an average of 55 over the previous ten years.

    Rent & Yield Trends

    Average monthly rent in the broader TA postcode area stands at £945, below the national average. Rental growth over ten years has been subdued at 3.5% annually, well below the pace seen nationally. The flat yield of 6.0% in the latest year has improved from a ten-year average of 5.3%, reflecting stronger rental returns relative to property values.

    Income & Affordability Trends

    Average net household income is £36,925, slightly below the national midpoint. The price-to-income ratio of 9.1x indicates homes are moderately expensive relative to local earnings, and this ratio has worsened since 2016 when it stood at 8.5x. Rental affordability has also tightened: the rent-to-income ratio has risen from 26.5% in 2016 to 27.1% today.

    Resident Demographic Profile

    TA14 has a notably older population profile: over half of residents are aged 50 or above, with 30% aged 65 and over—nearly 10 percentage points higher than the national average. Young adults aged 16–24 are significantly underrepresented at 7.7% versus 11% nationally. Housing tenure is strongly weighted towards outright ownership at 47%, well above the national average of 34%. The employment mix leans towards trades (15%), which is notably above the national rate, and professionals (18%) are slightly below average.

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