Regional Property Market Update Spring 2021: South West

At 8.5%, average annual price growth in the South West is stronger than the UK average. Growth is currently at its strongest level in over four years and considerably higher than the -0.2% recorded this time a year ago. Rightmove report average asking prices rose 0.6% month on month across the region in January, one of only two regions to see a rise. Properties are also selling more quickly than a year ago.
Annual price growth has strengthened across the UK in recent months

Most active housing markets across Devon and Cornwall
At £278,391 the average price of a property in the South West is £21,852 more expensive than a year ago and activity across the market is robust. On average 3.7% of private properties are sold each year, with turnover across East Devon over 4%. More than 10,900 new homes were registered for sale during 2020, and nationally registrations have been on an upward trend since September.
First-time buyers were particularly affected by the closed housing market and the stricter mortgage lending that followed. However, buyer numbers have recovered steadily, with transactions just 2% lower year on year during the final six months of 2020 (UK Finance). The number of High Loan-to-Value (LTV) mortgage products has also increased, Moneyfacts reporting there were 169 products available at 90% LTV in January, over double the number available back in July. Lending rates remain low, the average mortgage rate the lowest in history.


Properties for sale in the South West region of the UK
Spreyton, Devon, 4 bedrooms

This bright and spacious four-bedroom detached house has a double garage and good-sized gardens with beautiful countryside views. Situated in an idyllic village location, the home is only a short walk from the nearest primary school and has good links to Okehampton, Crediton and Exeter.
This modern family home has a bespoke breakfast-kitchen with separate utility, a living room that opens to the dining room, a study, a family bathroom and one en-suite bathroom.
Bideford, Devon, 9 bedrooms

With unbeatable views of the River Torridge, this substantial five-bedroom, waterfront home boasts an attached four-bedroom annexe and grounds of approximately 4.5 acres, which includes pasture paddocks suitable for equestrian use.
This character property further benefits from a river beach, a large workshop, a boat house, a slipway onto the river, two moorings, a tennis court, a castellated gun emplacement and direct access onto the coastal path.
Chagford, Devon, 8 bedrooms

This 16th-century, Grade II Listed, former hotel benefits from eight en-suite bedrooms, plus a detached three-bedroom cottage with lovely gardens and views, all found near Chagford in the heart of the beautiful Dartmoor National Park.
The accommodation includes four spacious reception rooms, plus a commercial style kitchen with an attached utility room. The original house has many fantastic character features including grand fireplaces, exposed beams and beautiful doors.
Contact us
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We can’t fault Aston and co in Syston, for their handling of the sale of our property. We were kept up to date weekly and nothing was too much trouble. Both Micheal and Rhys were approachable and very professional. I would definitely recommend using them for an efficient and hassle ...


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We bought a house from a vendor who used Astons & Co as their agent. Rhys was helpful and professional from start to finish and regularly kept us in the loop with how things were progressing. Communication was efficient and swift all the way through.

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From the first visit to value our property to the final phone call informing us of completion Rhys and Michael at the Syston office have been brilliant, down to earth, realistic with valuation very easy to get in touch with.Making everything less stressful.Regular updates were very reassuring . I would ...

Charlotte Hings

The team at Astons are great. They’re really down to earth, take time to listen and help resolve anything they can for you.Their communication is excellent as they always keep you in the loop with what is happening with your sale. They keep both seller and purchaser happy.Fees are reasonable ...

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We have recently used Aston & Co to sell our property. At all times we received regular reports from them on interest and following viewings . When our property sold Astons managed the chain keeping all parties fully informed and I believe that without their input our sale would have ...

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