Average property prices of £352,500 within Broadwoodkelly in 2022, decreasing by 7.2% from £380,000 in 2021.
It should be noted that property prices in Broadwoodkelly have fluctuated across the last 5 years.
6.2% of homes are 1 bedroom properties, 14.3% are 2 bedrooms, 25.9% are 3 bedrooms, 53.6% are 4 or more (which is higher than the 21.1% average for England and Wales).
Occupancy ratings for bedrooms:
65.1% have 2 or more spare bedrooms
23.9% have 1 spare bedroom
11% have the right amount of bedrooms for their households
0% are lacking bedrooms.
Of the households in the parish, 60.6% own their home outright, 22.9% own with a mortgage or shared ownership, 0% live in social rented accommodation and 16.5% live in private rented accommodation or live rent free.
Renting in Broadwoodkelly
Average 1 bed rental prices of £800 per calendar month between 2020 and 2022 (median).
The maximum Local Housing Allowance is £568.45 per month for a 2 bed property
In the EX19 postcode area, there has been a 5.2% increase in demand for rental properties, whilst there has been a 200% increase in available listings, in the period between Sept 22 and Sept 23.
During the same period, there has been a 43% increase in the asking price on Rental Properties in the EX19 postcode area.
Affordable housing
Current stock (approximate): Live West - 1 affordable rented stock.
There have been no Affordable Housing units available through Devon Home Choice, between January 2019 and October 2023.
Devon Home Choice
1 applicants registered with a local connection through residence.
The average income of households registered on Devon Home Choice with a local connection to Broadwoodkelly is £26,200 annually.
Recent development
There has been recent development started within the parish, in which the site will deliver one Discount Market Sale property. The sale price of this unit will be capped at £250,000.
This is significantly lower than the median average sale price in the parish last year.
From the census
7.5% travel less than 10km to their work place. 46.6% work mainly from home.
61.3% of the parish population are economically active and in employment, 0.4% are unemployed. 38.3% are economically inactive.
17.1% of households in the parish are single person households. 45.9% are two people households, which is above the average for England. 16.2% are three person households, and 20.7% are four or more person households.
88.8% provide no unpaid care. 2.6% provide 50 or more hours of unpaid care a week. 0.4% provide 20 to 49 hours a week, and 8.2% provide 19 hours or less a week.
56.8% of households are not deprived in any dimension. 34.2% are deprived in one dimension, and 9% deprived in two dimensions.
56.3% of the population are aged 50 years or older.
Housing Needs Survey
A Housing Needs Survey was carried out by West Devon Borough Council in September 2023.
This received a response rate of 11.7%.
All respondents to the survey were owner occupiers, with 80%owning their home outright.