Property trends for TA21

    TA21 covers the Minehead area and surrounding coastal communities in west Somerset, nestled between the Bristol Channel and Exmoor. It is a quieter, predominantly residential district with strong appeal to retirees and families seeking coastal or countryside living.

    At a Glance

    Average Property Price - TA21

    £310,731

    45

    National percentile

    Average Monthly Rent - TA

    £945

    40

    National percentile

    Average Net Household Income - TA21

    £38,508

    52

    National percentile

    Flat / Maisonette Yield - TA

    6.0%

    72

    National percentile

    10-Year Annualised Price Growth - TA21

    3.9%

    62

    National percentile

    10-Year Annualised Rent Growth - TA

    3.5%

    23

    National percentile

    Property Price & Volume Trends

    The average property price in TA21 stands at £311,000, close to the national midpoint. Over the past decade, prices have grown at 3.9% annually—a pace slightly above the national average. Transaction activity has slowed noticeably: 301 sales in the latest year represent a marked decline from the 10-year average of 384 per year.

    Rent & Yield Trends

    Average monthly rent in the wider TA area is £945, below the national median. Rent growth over ten years has averaged 3.5% annually, well below the national pace. The flat yield currently stands at 6.0%, up from a 10-year average of 5.3%, reflecting modest improvement in rental returns.

    Income & Affordability Trends

    Household income in TA21 averages £38,500, near the national midpoint. The price-to-income ratio of 8.2x has drifted upward since 2016 (when it stood at 7.4x), signalling a gradual tightening of purchase affordability. Rental affordability has also softened: the rent-to-income ratio has risen from 26.5% in 2016 to 27.1% today.

    Resident Demographic Profile

    TA21 skews notably older: those aged 65 and over account for 26% of the population, well above the national average of 20%, while those aged 16–24 represent just 8%, below the national 11%. Owner-occupation is strong at 68% (outright plus mortgaged), above the national 61%. Employment is notably weighted toward trades (14% vs 11% nationally) and caring professions (12% vs 9%), reflecting the area's older demographic and service-oriented economy.

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