Average property prices of £372,500 within Jacobstowe in 2022, decreasing by 22.1% from £455,000 in 2021.
It should be noted that property prices in Jacobstowe have fluctuated across the last 5 years, and there are very few property sales, which may impact the median property sales prices.
7.8% of homes are 1 bedroom properties, 13% are 2 bedrooms, 39% are 3 bedrooms, 40.3% are 4 or more (which is higher than the 21.1% average for England and Wales).
Occupancy ratings for bedrooms:
59.2% have 2 or more spare bedrooms,
25% have 1 spare bedroom,
14.5% have the correct number of bedrooms for their household need,
none are lacking 1 bedroom, and
1.3% are lacking 2 or more bedrooms.
Of the households in the parish, 56.6% own their home outright, 17.1% own with a mortgage or shared ownership, 1.3% live in social rented accommodation and 25% live in private rented accommodation or live rent free.
Renting in Jacobstowe
Between 2020 and 2022, there have been no private rental properties advertised through Rightmove within the parish.
In the neighbouring parish of Exbourne, 3 bed private rental prices of £1250 per calendar month between 2020 and 2022.
The maximum Local Housing Allowance is £822.73 per month for a 3 bed property
In the EX20 postcode area, there has been a 28.8% decrease in demand for rental properties, whilst there has been a 16.2% decrease in available listings, in the period between Sept 22 and Sept 23.
During the same period, there has been a 11.3% increase in the asking price on Rental Properties in the EX20 postcode area
Affordable housing
There are no social or affordable properties to rent through a Housing Association that are located within the parish.
Devon Home Choice
1 applicant registered with a local connection through residence.
The average income of households registered on Devon Home Choice with a local connection to Jacobstowe is £12,000 annually.
It should be noted that this is based on information from one applicant.
Education
There is no education provision within the parish of Jacobstowe. The nearest primary school is just over 1 mile away in the neighbouring parish of Exbourne. Exbourne Church of England Primary School provides for children aged 4 years until 11 years.
The number of children enrolled at the school has decreased by 34.7% in recent years. The number of pupils is still below the school’s capacity of 82.
The percentage of children eligible for Free School Meals has increased by 13.9% within the same period. This is an indicator of income and affordability of essential provisions.
There is also a separate Pre-School which provides for children below school age. This is run from the Methodist Chapel in the village.
From the census
21.9% travel less than 10km to their work place. 43.8% work mainly from home.
60.5% of the parish population are economically active and in employment, 0.6% are unemployed. 39% are economically inactive compared to the average for Devon at 43.6%.
20% of households in the parish are single person households. 46.7% are two people households, which is above the average for England. 12% are three person households, and 21.3% are four or more person households.
93.5% provide no unpaid care. 3.8% provide 50 or more hours of unpaid care a week. 1.6% provide 20 to 49 hours a week, and 1.1% provide 19 hours or less a week.
56.6.% of households are not deprived in any dimension, compared to the average for England, at 48.4%. 36.8% are deprived in one dimension, and 6.6% deprived in two dimensions.