Our advisers can tell you more about releasing equity in Devon
Equity release products allow you to access the monetary value tied up in your home if you are over the age of 55. Devon has long been considered a wonderful county in which to live. With many characterful towns and villages, easy access to the coast, and great transport links, it is no surprise that property prices have rocketed here over the years.
Devon is one of the largest counties in the UK, and the only one to have two coastlines. With 15 National Parks with rivers, hills, and forests, and Exeter City, packed with shops, restaurants, and cafes, there is something for everyone.
In 2020, Rightmove stated that the average property price was over £331,000, with the majority of property sales involving detached homes that sold for an average of just over £448,000. Semi-detached homes sold for an average of £273,000 and terraced homes for an average of £233,000. In 2020, prices had grown by 14 per cent on 2019 and 18 per cent on 2018. Devon towns ranked as the most expensive include Salcombe, Torcross, and Dartmouth.
Check out our equity release calculator to see how much money you could release from your Devon home.