Parish Housing Profiles

Housing

• Median average property prices of £294,000 in 2022, increasing by 12.8% from £260,500 in 2021. 
• 6.5% of homes are 1 bedroom properties, 20.2% are 2 bedrooms, 43.2% are 3 bedrooms, 30.1% are 4 or more (which is higher than the 21.1% average for England and Wales). 
• Occupancy ratings for bedrooms: 
  • 48.2% have 2 or more spare bedrooms, 
  • 32.1% have 1 spare bedroom, 
  • 18.6% have the correct number of bedrooms for their household need, 
  • 1% are lacking 1 bedroom, and
  • 0.1% are lacking 2 bedrooms.

Renting in Ivybridge

• Average 2 bed rental prices of £775 per calendar month between 2020 and 2022 (median). 
• The maximum Local Housing Allowance is £583.40 per month for a 2 bed property 
• In the PL21 postcode area, there has been a 0.5% increase in demand for rental properties, whilst there has been a 9.1% decreased in number of available listings, in the period between Oct 22 and Oct 23. 
• In the same period, there has been a 3.5% decrease in the asking price on Rental Properties in the PL21 postcode area.

Affordable housing

• Current stock (approximate): 
  • Live West - 205 rented accommodation, 46 shared ownership and 59 sheltered units. 
  • Westward Housing - 23 rented and 7 shared ownership. 
  • Sovereign - 54 rented accommodation, 8 shared ownership and 5 supported units. 
  • Sanctuary - 24 rented accommodation. 
  • South Devon Rural Housing - 24 rented accommodation. 
  • Guinness - 89 units of accommodation. 
• Between Jan 2019 and Oct 23, there are have been 152 properties available through Devon Home Choice. 
• Turnover of stock between Jan 2019 and Nov 2023 included 61 x 1 beds, 57 x 2 beds, 33 x 3 beds and 1 x 4 bed properties.

Devon Home Choice

• 175 applicants registered with a local connection through residence 
• 72 applicants registered with a local connection through immediate family connection or employment. 
• The average income of households registered with Devon Home Choice with a local connection to Ivybridge is £15,000 annually (median).

Education

From the census

• 23.7% travel less than 10km to their work place. 26.5% work mainly from home. 
• 60.3% of the parish population are economically active and in employment, 1.9% are unemployed. 37.9% are economically inactive compared to the average for Devon at 43.6%.
• 39.7% of households owns their home outright, compared to the 42.2% average for Devon and the 45% average for the South Hams. 36.5% own with mortgage or shared ownership, 8.9% social rent their properties, 15% private rent or live rent free. 
• 25.5% of households in the parish are single person households. 37.9% are two people households, which is above the average for England. 17.2% are three person households, and 19.4% are four or more person households. 
• 90.5% provide no unpaid care, which is below the average for England. 2.6% provide 50 or more hours of unpaid care a week. 1.7% provide 20 to 49 hours a week, and 5.3% provide 19 hours or less a week which is above the average for England. 
• 54.5% of households are not deprived in any dimension, which is below the average for England, at 48.4%. 32.9% are deprived in one dimension, and 10.7% deprived in two dimensions.