PL21 (Ivybridge) area guide

PL21
Ivybridge
The PL21 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Avon and Harbourne, Bittaford, Brownston, Burraton, Cadleigh, Cadleigh Park, Charterlands, Cleeve, Corntown, Cornwood, Cornwood and Sparkwell, Devon, Endsleigh, Erme Valley, Ermington, Fardell, Filham, Flete, Harford, Hunsdon, Ivybridge, Ivybridge Central, Ivybridge Filham, Ivybridge Woodlands, Langbrook, Lee Mill Bridge, Lee Mill Industrial Estate, Lucas Wood, Ludbrook, Lutton, Marjery Cross, Modbury, Moorhaven, Penquit, Sheepham, Strode, Ugborough, Westlake, Westover, Woodlands, Yealmpton.
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Notes:

A Mouseprice property guide for PL21 Ivybridge is coming soon. In the meantime, please have a look at the raw data and statistics about PL21 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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:

Plymouth propertyThe size of the property market in PL21 is 6967 homes.

Plymouth propertyGiven that the nominal growth rate in this postcode district (PL21) has been about 14.1% over the last 5 years, it would be reasonable to assume that this isa 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.

Plymouth propertyOver the last 3 months, the average property value for this postcode district has been £207025.

Plymouth 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 8.6.

Plymouth propertyNew transactions as a percentage of overall sales are 3.2%.

Housing stock:

Ivybridge propertyDetached Houses make up the most significant portion of the housing stock, representing 38% of the total.

Ivybridge propertyThe least common type of property in this area is Flats (5.2% of the total housing stock).

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

Ivybridge propertySocially rented accommodation represents only a small percentage of rented accommodation in the area at 7.5%.

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

Ivybridge propertyThe average price of a two bed property in this area is less that the national average of £187894 at £178845.

Who lives here:

Ivybridge propertyThere are 8381 men and 8863 women in this postcode district.
Ivybridge propertyThe average age in this area is 38.
Ivybridge propertyThis area has a high percentage of married people at 21.4%.
Ivybridge propertyAverage working hours in this area for men are 43 and for women are 30.
Ivybridge propertyThis area has 1.5 people per square kilometre.
Ivybridge propertyThe largest source of work in this area is Wholesale & Retail (16.7% of workers), followed by Construction (13.2%).