EX20 (Okehampton) area guide

EX20
Okehampton
The EX20 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Ashbury, Belstone, Bondleigh, Bratton Clovelly, Bridestowe, Broadbury, Broadheath, Chichacott, Clinton, Coryton, Devon, Drewsteignton, Exbourne, Folly Gate, Fowley Cross, Hatherleigh, Honeychurch, Inwardleigh, Jacobstowe, Lew Valley, Lewdown, Lydford, Mary Tavy, Meeth, Meldon, Merton, Milton Ford, North Tawton, North Town, Northlew, Okehampton, Okehampton East, Okehampton West, Petrockstow, Petrockstowe, Sampford Courtenay, Sourton, Sourton Down, South Tawton, South Zeal, Southcott, Sticklepath, Stockley, Taw, Taw Green, Thorndon Cross, Throwleigh, Thrushel, Tongue End, Whiddon Down, Winkleigh.
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Notes:

A Mouseprice property guide for EX20 Okehampton is coming soon. In the meantime, please have a look at the raw data and statistics about EX20 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Exeter propertyThe size of the property market in EX20 is 7629 homes.

Exeter propertyWhen compared against a national average compound annual growth rate (CAGR) over the last 5 years of 12.5%, the growth in this postcode district has been 15%. This could well be because this is a dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Exeter propertyDuring the last 3 months, property in this postcode district has averaged a value of £207024.

Exeter propertySince most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 7.3.

Exeter propertyNew transactions as a percentage of overall sales are 21.2%.

Housing stock:

Okehampton propertyDetached Houses make up the most significant portion of the housing stock, representing 44.4% of the total.

Okehampton propertyFlats account for the lowest percentage of the housing stock in this district, at only 8.1%.

Okehampton propertyThis is an area with a high proportion of property suitable for families with children.

Okehampton propertySocially rented accommodation represents 8.4% of the total rented accommodation in the area.

Okehampton propertyThe majority of property in this area is owner occupied.

Okehampton propertyThe average price of a two bed property in this area is less that the national average of £187894 at £180986.

Who lives here:

Okehampton propertyOkehampton propertyThe average age in this area is 43.
Okehampton propertyThis area has a high percentage of married people at 23.3%.
Okehampton propertyPeople here work very hard – men work, on average, 46 hours per week, whilst women work for 15 hours less.
Okehampton propertyThis area is relatively rural, with only 0.4 people per square kilometre.
Okehampton propertyThe largest source of work in this area is Wholesale & Retail (15.4% of workers), followed by Construction (13.8%).