Property trends for TQ11

    TQ11 covers the rural areas around Dartmoor in South Devon, situated inland from the coastal resorts. It is a predominantly mature, affluent district with strong appeal to retirees and those seeking countryside living.

    At a Glance

    Average Property Price - TQ11

    £276,949

    36

    National percentile

    Average Monthly Rent - TQ

    £935

    40

    National percentile

    Average Net Household Income - TQ11

    £39,562

    56

    National percentile

    Flat / Maisonette Yield - TQ

    4.6%

    10

    National percentile

    10-Year Annualised Price Growth - TQ11

    2.3%

    14

    National percentile

    10-Year Annualised Rent Growth - TQ

    3.3%

    16

    National percentile

    Property Price & Volume Trends

    The average property price of £277,000 sits below the national average. Over the past decade, the area has seen modest price growth of 2.3% annually, which is notably slower than the national trend and ranks among the slowest-growing districts nationally. Transaction activity has softened considerably, with 39 sales in the latest year against a 10-year average of 62, suggesting reduced market momentum.

    Rent & Yield Trends

    Rents in the broader TQ postcode area average £935 per month, below the national average. Over ten years, rents have grown at 3.3% annually, which is slower than the national pace. The flat yield of 4.6% is now notably above its 10-year average of 3.8%, indicating that rental returns have improved and now offer better value relative to capital appreciation.

    Income & Affordability Trends

    Average household income of £40,000 sits slightly above the national median. The price-to-income ratio of 7.1x has improved slightly since 2016 (when it stood at 7.2x), suggesting modest gains in purchase affordability. Rental affordability has improved more meaningfully, with the rent-to-income ratio falling from 28.9% to 27.1%, making renting somewhat more accessible relative to earnings.

    Resident Demographic Profile

    The area is significantly older than the national average, with nearly a quarter of the population aged 65 or above and a further 24% aged 50–64; conversely, the 16–34 age groups are notably underrepresented. Housing tenure is skewed towards outright ownership at 41%, well above the national average of 34%, reflecting the prevalence of older homeowners. The employment mix shows above-average representation in trades (15.3%) and below-average in professional and managerial roles, suggesting a less degree-oriented workforce than the national norm.

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