Average property prices of £832,500 within Peter Tavy in 2022, increasing by 14.8% from £725,000 in 2021.
4.8% of homes are 1 bedroom properties, 16% are 2 bedrooms, 35.2% are 3 bedrooms, 44% are 4 or more (which is higher than the 21.1% average for England and Wales).
Occupancy ratings for bedrooms:
55.2% have 2 or more spare bedrooms,
34.4% have 1 spare bedroom,
9.6% have the correct number of bedrooms for their household need, and
0.8% are lacking 1 bedroom.
Of the households in the parish, 56.8% own their home outright, 25.6% own with a mortgage or shared ownership, 4% live in social rented accommodation and 13.6% live in private rented accommodation or live rent free.
Renting in Peter Tavy
There have been no properties to private rent that have been advertised between 2020-22. However, there is information for private rented properties in the neighbouring parish of Mary Tavy.
The average cost of private renting the 3 bed property is £1,350 per calendar month. This is based on data from Rightmove, between 2020 and 2022.
The maximum Local Housing Allowance is £797.81 per month for a 3 bed property
In the PL19 postcode area, there has been a 15.5% decrease in demand for rental properties, whilst there has been a 27.8% increase in available listings, in the period between Oct 22 and Oct 23.
During the same period, there has been a 36.9% increase in the asking price on Rental Properties in the PL19 postcode area.
Affordable housing
Current stock (approximate): Live West - 3 current affordable/social rented stock, all of which are 3 bedroom homes.
There are also a very small number of homes that are owned and allocated through the Church.
There have been no Affordable Housing units available through Devon Home Choice, between January 2014 and April 2024.
Devon Home Choice
2 applicants registered with a local connection through residence. There are 2 further applicants that have a local connection through employment or family connection.
The average income of households registered on Devon Home Choice with a local connection to Peter Tavy is £16,500 annually (median).
Education
There is no education provision within the parish. There is a primary school in the neighbouring parish of Mary Tavy.
Mary Tavy and Brentor Community Primary School provides for children aged 4 years until 11 years.
The number of children enrolled at the school has fluctuated in recent years, but has experienced overall decline. The number of pupils remains below the school’s capacity of 82.
The percentage of children eligible for Free School Meals has increased within the same period. This is an indicator of income and affordability of essential provisions.
From the census
19.3% travel less than 10km to their work place. 50% work mainly from home.
52.6% of the parish population are economically active and in employment, 1.9% are unemployed. 45.5% are economically inactive.
24.8% of households in the parish are single person households. 46.4% are two people households, which is above the average for England. 17.6% are three person households, and 11.2% are four or more person households.
91.2% provide no unpaid care. 2.7% provide 50 or more hours of unpaid care a week. 1.7% provide 20 to 49 hours a week, and 4.4% provide 19 hours or less a week.
58.9% of households are not deprived in any dimension. 31.5% are deprived in one dimension, and 8.9% deprived in two dimensions.
Housing Needs Survey
A Housing Needs Survey was carried out within the parish in 2023.
This showed a need for 3 affordable homes in the next 5 years. This was recommended at 1 x 1 bed and 2 x 3 bed properties.
The response rate of this survey was 6.9%, with 71.4% of respondents being in favour of a small development of affordable housing for local people.
3 of the recommended units should be affordable or social rented housing and 1 should be intermediate home ownership