Property trends for TQ10

    TQ10 covers the South Hams area of South Devon, situated between Dartmouth and Kingsbridge in the south-west of the county. It is a rural, coastal-adjacent district with strong appeal to retirees and those seeking a quieter lifestyle away from urban centres.

    At a Glance

    Average Property Price - TQ10

    £393,514

    66

    National percentile

    Average Monthly Rent - TQ

    £935

    40

    National percentile

    Average Net Household Income - TQ10

    £42,796

    69

    National percentile

    Flat / Maisonette Yield - TQ

    4.6%

    10

    National percentile

    10-Year Annualised Price Growth - TQ10

    3.8%

    57

    National percentile

    10-Year Annualised Rent Growth - TQ

    3.3%

    16

    National percentile

    Property Price & Volume Trends

    The latest average property price in TQ10 is £394,000, positioning it among the more expensive areas nationally. Over the past decade, prices have grown at 3.8% annually—broadly in line with the national trend. Transaction activity has slowed notably, with 35 sales in the latest full year compared to an average of 56 annually over the preceding ten years.

    Rent & Yield Trends

    Average monthly rental levels in the broader TQ area stand at £935, which is below the national average. Rent growth over ten years has been sluggish at 3.3% per annum, well below the national pace. The flat yield has improved to 4.6% in the latest year, up from a ten-year average of 3.8%, reflecting a stronger rental returns environment.

    Income & Affordability Trends

    Average net household income is £42,796, placing the area above the national median. The price-to-income ratio of 9.1x has deteriorated slightly since 2016 (8.8x), suggesting modest headwinds for purchase affordability. Rental affordability has improved, with the rent-to-income ratio falling from 28.9% in 2016 to 27.1% today.

    Resident Demographic Profile

    TQ10 has a markedly older population profile: over half of residents are aged 50 or above, with those 65 and over comprising 26% of the population—well above the national average of 20%. The district is dominated by owner-occupiers; 45% own their homes outright, the highest category, and private rental occupancy is low at 15%. The workforce is skewed towards trades (16%) and managers (16%), with a notably lower share in elementary roles (7%) than nationally.

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