Key indicators for buyers
The EX2 market is moderately favourable for buyers. Prices have softened (-3.2%), which could present a buying opportunity. Affordability has improved from a peak of 9.4x in 2022 to 8.3x today. Rising rents (£1,316/mo, +2.9%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Exeter area
A home in Exeter costs 8.3x the local median salary — stretched, improving from a peak of 9.4x in 2022.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Exeter area
Average monthly rent in Exeter is £1,316, up 2.9% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Exeter price of £338,763 with a 25% deposit (£85k), a 2-year fixed mortgage at 3.97% costs around £1,337 per month.
Monthly cost comparison based on current data
Uses EX2 avg. price with Exeter rental data
Monthly mortgage payments (£1,337) are £21 more than renting (£1,316). However, buying requires an upfront deposit of £85k — it would take around 9 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
2, EDWARDS COURT EX2 7RL | Semi-detached | £310,000 | 23 Jan 2026 |
66, COUNTESS WEAR ROAD EX2 6LR | Detached | £765,000 | 22 Jan 2026 |
53, RIFFORD ROAD EX2 5JT | Semi-detached | £260,000 | 16 Jan 2026 |
11, HAWTHORN WAY, ALPHINGTON EX2 8YT | Semi-detached | £280,000 | 16 Jan 2026 |
53, SMITH FIELD ROAD EX2 8YN | Terraced | £243,500 | 16 Jan 2026 |
185, BRIAR CRESCENT EX2 6DT | Semi-detached | £260,000 | 14 Jan 2026 |
72, HERALDRY WAY EX2 7RA | Flat/Maisonette |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in EX2 sold for £338,763 in 2026, with a median of £280,000 across 19 transactions. Prices fell 3.2% compared to the previous year.
| £230,000 |
| 14 Jan 2026 |
48, KINGSWAY EX2 5EN | Semi-detached | £365,000 | 14 Jan 2026 |
39, CECIL ROAD EX2 9AQ | Terraced | £250,000 | 14 Jan 2026 |
14, CHAPEL ROAD EX2 8TB | Terraced | £205,000 | 12 Jan 2026 |
40, UNION STREET EX2 9BA | Terraced | £225,500 | 9 Jan 2026 |
20, CHURCH ROAD, ALPHINGTON EX2 8SH | Terraced | £345,000 | 9 Jan 2026 |
6, ENDEAVOUR AVENUE EX2 7GR | Detached | £700,000 | 8 Jan 2026 |
71, QUARRY PARK ROAD EX2 5PD | Semi-detached | £290,000 | 7 Jan 2026 |
7, DIGBY DRIVE EX2 7QU | Detached | £442,500 | 7 Jan 2026 |
83, SULLIVAN ROAD EX2 5RB | Terraced | £375,000 | 6 Jan 2026 |
51, KNIGHTS CRESCENT EX2 7TG | Detached | £375,000 | 6 Jan 2026 |
11, PINCES GARDENS EX2 9EE | Terraced | £250,000 | 6 Jan 2026 |
40, BUCKINGHAM ROAD EX2 7QP | Semi-detached | £265,000 | 5 Jan 2026 |
6, DIAMOND ROAD EX2 8DN | Terraced | £229,800 | 22 Dec 2025 |
The most recent recorded sale in EX2 was a semi-detached property on Edwards Court for £310,000 in January 2026. Across the last 20 sales, the median price was £280,000.