Dartmoor house prices rise sharply

The latest data from the Office for National Statistics reveals a significant increase in house prices across Dartmoor, with both West Devon and Teignbridge seeing notable rises.

In West Devon, the average house price stood at £330,000 in November 2024 (provisional), a rise of 9.0 per cent compared to November 2023. 

This increase outpaces the regional average for the South West, which saw a rise of just 2.2 per cent over the same period. 

Similarly, in Teignbridge, the average house price was £320,000 in November 2024, marking an increase of 4.3 per cent from the previous year, also higher than the regional average.

This represents a significant rise in property values when compared to a decade ago.

In 2015, the average house price in West Devon was £215,459, meaning that over the past ten years, prices have increased by £114,541. 

In Teignbridge, the average house price in 2015 was £211,778, reflecting an increase of £108,222 over the same period.

The data, last updated on 15 January 2025, paints a picture of escalating prices in both areas, which are impacting local communities.

In addition to rising prices, the high level of second homes on Dartmoor is exacerbating the housing crisis. 

According to South Hams and West Devon Council, the increase in property prices and the prevalence of second home ownership are both factors contributing to the limited availability of affordable housing in the region. 

In a statement to The Moorlander, the council said: “It is a complex issue, affecting a wide range of organisations across Devon.”

They added: “As local authorities that include parts of Dartmoor, South Hams and West Devon, we work hard to do what we can to deliver affordable housing and meet the needs of our residents.”

With prices continuing to climb, many are left wondering whether local residents will be priced out of their own communities. 

Housing experts and local councils will likely continue to wrestle with these issues in the years to come.