Key indicators for buyers
The EX38 market presents a mixed picture for buyers. Prices are rising at 16.4%, which may favour acting sooner rather than later. Affordability has improved from a peak of 11.7x in 2006 to 8.2x today. Rising rents (£788/mo, +4.4%) 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 Torridge area
A home in Torridge costs 8.2x the local median salary — stretched, improving from a peak of 11.7x in 2006.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Torridge area
Average monthly rent in Torridge is £788, up 4.4% 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 Torridge price of £314,178 with a 25% deposit (£79k), a 2-year fixed mortgage at 3.97% costs around £1,240 per month.
Monthly cost comparison based on current data
Uses EX38 avg. price with Torridge rental data
Monthly mortgage payments (£1,240) are £452 more than renting (£788). However, buying requires an upfront deposit of £79k — it would take around 22 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
38, HODGES WALK EX38 7NP | Terraced | £200,000 | 26 Jan 2026 |
27, FAIRFAX WAY EX38 7DA | Detached | £425,000 | 20 Jan 2026 |
25, CASTLE HILL GARDENS EX38 8EX | Detached | £299,600 | 16 Jan 2026 |
PENDENE, CHURCH LANE, FRITHELSTOCKSTONE EX38 8JL | Detached | £440,000 | 16 Jan 2026 |
WINDSOR HOUSE, NEW ROAD EX38 8EJ | Detached | £565,000 | 14 Jan 2026 |
66, TRAFALGAR DRIVE EX38 7AB | Terraced | £245,000 | 13 Jan 2026 |
3, THE GRANARY, BURWOOD LANE EX38 7ER | 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 EX38 sold for £314,178 in 2026, with a median of £265,000 across 9 transactions. Prices rose 16.4% compared to the previous year.
| £265,000 |
| 9 Jan 2026 |
111, CASTLE HILL GARDENS EX38 8EX | Terraced | £225,000 | 8 Jan 2026 |
8, WELL STREET EX38 8EP | Terraced | £163,000 | 8 Jan 2026 |
21, HEATHLAND VIEW, STIBB CROSS EX38 8RB | Detached | £420,000 | 19 Dec 2025 |
12, CALF STREET EX38 8EQ | Terraced | £118,501 | 18 Dec 2025 |
2, SCHOOL LANE EX38 7AJ | Terraced | £220,000 | 17 Dec 2025 |
WELL HOUSE, ST GILES EX38 7JP | Semi-detached | £500,000 | 15 Dec 2025 |
SEBRING, CHURCH MEADOW, LANGTREE EX38 8RS | Detached | £310,000 | 15 Dec 2025 |
10, HUNTERS WOOD EX38 7NX | Detached | £195,000 | 15 Dec 2025 |
LOCKS BEAM COTTAGE EX38 7EZ | Detached | £360,000 | 15 Dec 2025 |
NARELLAN, MILL STREET EX38 8AL | Semi-detached | £175,000 | 11 Dec 2025 |
9, VICTORY WAY EX38 7AR | Terraced | £227,000 | 8 Dec 2025 |
176, NEW STREET EX38 8BX | Terraced | £220,000 | 5 Dec 2025 |
10, JUBILEE CLOSE EX38 7DR | Detached | £377,500 | 5 Dec 2025 |
The most recent recorded sale in EX38 was a terraced property on Hodges Walk for £200,000 in January 2026. Across the last 20 sales, the median price was £265,000.