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What is the property market like in Exeter on Rightmove?

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ What is the property market like in Exeter on Rightmove?

In this overview, we’ll delve into the Rightmove data for Exeter, providing insight into Rightmove data and how this data can aid you in a profitable property purchase. Making a decision on where to buy property is an exciting opportunity and a milestone for a lot of people.
Also, knowing that there are 7 properties sold every month in the area should give you an idea of how often properties are selling and what kind of opportunity there is.

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According to Rightmove data in Exeter, is it worth moving into a HMO?

In Exeter, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Exeter is currently £562, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.

How much outdoor space is there in Exeter?

Green space is something that is recommended to everyone to have but then again, it is often compromised in a lot of locations. For instance, in cities, the amount of green space is often well below the recommended figure of 6 acres of green space for every thousand people. In Exeter, this is 17.1. Compare this figure of 6 which is recommended to have and the data for Exeter to tell how much green space is around.

In Exeter, what does the property sales data look like based on Rightmove?

Exploring Exeter’s real estate investment potential on Rightmove

When contemplating an investment property, you can look at the figures of turnover, the number of sales there are every month in the area, and the population change over ten years. The below table is related to the city rather than the wider area of South West. However, you can find data for the wider region here.

Data for Exeter Average for the UK
Turnover nan 19%
Property sales per month 7 576,000
Population growth over 10 years 10% 6.5%



It is worth noting that the figures above will be useful if you compare them to the wider region of the UK of South West.

Average sold prices of properties on Rightmove

By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Exeter. With an overall sold price of approximately £252,184, according to Rightmove and further listing platforms such as Zoopla, buyers can now make an informed decision as to whether this suits their budget.

Class of property Average sale
Flat £149,971
Terraced house £205,126
Semi-detached house £240,015
detached house £327,815

How to invest in property in Exeter using Rightmove data

In Exeter, the average asking rent in the area is £1,059 and there is a table below that goes over the asking rent for every type of property there is. Also, in Exeter, the average yield of properties is £0. A figure that can be used as a metric to gauge how profitable an investment is and compared to the national average of 4.4%.
See the table for a more extensive breakdown of how average asking rent is distributed.

Number of bedrooms Average asking rent
5 no relevant data for this city
4 no relevant data for this city
3 no relevant data for this city
2 no relevant data for this city
1 EX8

From Exeter’s Rightmove data, what are the number of planning permission applications?

The city of Exeter, according to Rightmove listings, has a commendable planning success rate of nan and there are around 6 that happen every month. These individuals showcase their ability to change a property and potentially add value through home improvement in Exeter.

Every month, properties are sold on the platform of Rightmove in Exeter and you can explore the topics below related to sales that give you an overview of the market.

A closer look at rental yield on Rightmove in Exeter

Exeter averages at £0 for rental yield and this should be looked at in comparison with the average for the UK which tends to fluctuate around 4.4%. Having said this, rental yields can drop as low as 1% in the central areas of London and rise to as high as 9% in areas with high rental demand such as Stoke.
Yield, which is £0 in Exeter, is worked out by dividing the net rental income of a property by the purchase price.

In Exeter, what property are people trying to rent on Rightmove?

Exeter’s demographics and income insights based on Rightmove data

In the city of Exeter, the population is 45664. Out of all of these people, it is worth noting the education level. 24% have a degree (a higher level educational degree). Also, the average household income of the area is £39,730.00. This is important to understand for renters as if the degree level is above the average of 22.6%, your neighbours will likely be higher earners. This is not always the case and there are still other factors that determine the quality of your neighbours but taking a note of the degree is always useful.

To rent a property, the below subheadings go over everything relevant for those looking to rent out a house.

What is the Rightmove data regarding social rent and affordable housing in Exeter?

If you’re considering renting a property instead of buying, affordable options can be limited. According to Rightmove data, 3% of individuals in Exeter rent from the government or housing associations compared to the national average of 20.7%.
In general, if the percentage of people who have government housing is below the national average, you are more likely to see smaller houses. This may not be a bad thing as it all depends on personal preference and there are also other factors that contribute to the general feel of the area like household income which is £39,730.00. Most people in the Uk earn around £34,000 which is convenient for comparison.

What are some frequently asked questions?

In the city of Exeter, what is the median property price?

At present, within the confines of Exeter, the mean price for houses listed for sale is £252,184.

When utilising Rightmove for finding property in Exeter, are there any charges to consider?

Costs that landlords should look out for include the rate of stamp duty, costs of renovation and also what the landlord deductible expenses are in a property based on if the property is a limited company or listed in your personal name.

According to Rightmove data, how prevalent is crime in Exeter’s vicinity?

In Exeter, the prevailing crime rate results in 5400% occurrences for every 1000 residents. This contrasts with the nationwide average of 79.52 incidents for every 1000 individuals.

What are the house sales per month in Exeter?

To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 7 as of recent data.

What’s the average cost of a three-bedroom property in Exeter as per Rightmove data?

Properties with three bedrooms command an average asking price of no relevant data for this city. This can be juxtaposed with the mean property price of the entire united kingdom which is £286,000. Or, for a more accurate figure, you can compare it to the average price of a three bed property in the UK which is £283,706.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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