Key indicators for buyers
The PL16 market is moderately favourable for buyers. Prices have softened (-12.2%), which could present a buying opportunity. Affordability has improved from a peak of 12.8x in 2021 to 7.8x today. Rising rents (£836/mo, +2.1%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2025averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider West Devon area
A home in West Devon costs 7.8x the local median salary — moderate, improving from a peak of 12.8x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider West Devon area
Average monthly rent in West Devon is £836, up 2.1% 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 West Devon price of £375,813 with a 25% deposit (£94k), a 2-year fixed mortgage at 3.97% costs around £1,483 per month.
Monthly cost comparison based on current data
Uses PL16 avg. price with West Devon rental data
Monthly mortgage payments (£1,483) are £647 more than renting (£836). However, buying requires an upfront deposit of £94k — it would take around 32 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
WEST PARK COTTAGE, BROADWOODWIDGER PL16 0ER | Detached | £462,000 | 12 Dec 2025 |
JUBILEE VILLA, TINHAY PL16 0AJ | Detached | £300,000 | 28 Nov 2025 |
TOWN FARM, FORE STREET PL16 0BT | Semi-detached | £425,000 | 4 Nov 2025 |
LITTLE BERE, NORTH ROAD PL16 0EH | Detached | £670,000 | 24 Oct 2025 |
9, MILLERS CLOSE PL16 0EQ | Detached | £525,000 | 7 Oct 2025 |
2, RIVERSIDE, CHILLATON PL16 0HP | Semi-detached | £315,000 | 26 Sept 2025 |
5, TINHAY COURT, TINHAY PL16 0AP | Semi-detached |
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 PL16 sold for £375,813 in 2025, with a median of £322,500 across 24 transactions. Prices fell 12.2% compared to the previous year.
| £185,000 |
| 27 Aug 2025 |
1, ARTHUR COTTAGES, KELLY PL16 0HJ | Terraced | £290,000 | 15 Aug 2025 |
LEAT COTTAGE, LEAT ROAD PL16 0AE | Semi-detached | £465,000 | 31 Jul 2025 |
6, HORNAPARK CLOSE PL16 0BE | Semi-detached | £255,000 | 23 May 2025 |
WOODLANDS FARM BUNGALOW, BROADWOODWIDGER PL16 0JS | Semi-detached | £150,000 | 19 May 2025 |
FLEMINGS, LEAT ROAD PL16 0AE | Detached | £440,000 | 12 May 2025 |
4, HORNAPARK CLOSE PL16 0BE | Semi-detached | £242,500 | 9 May 2025 |
COBDEN FARM, BROADWOODWIDGER PL16 0JS | Detached | £860,000 | 29 Apr 2025 |
5, BOROUGH COURT PL16 0FE | Other | £150,000 | 28 Mar 2025 |
THE MANSE, TINHAY PL16 0AJ | Detached | £315,000 | 26 Mar 2025 |
CHURCH COTTAGE, BROAD STREET PL16 0BP | Terraced | £275,000 | 20 Mar 2025 |
RYDONS, SPRYTOWN PL16 0AY | Detached | £410,000 | 10 Mar 2025 |
19, ARUNDELL GARDENS PL16 0DW | Semi-detached | £247,500 | 28 Feb 2025 |
1, STATION COTTAGES, STATION ROAD PL16 0AN | Semi-detached | £157,500 | 21 Feb 2025 |
The most recent recorded sale in PL16 was a detached property for £462,000 in December 2025. Across the last 20 sales, the median price was £315,000.