Property investment stats for Devizes, South West

• The average rental yield of 4.4% is competitive for the South West, with the top postcode district reaching 4.5%, appealing to income-focused investors.
• Relatively low rent-to-income ratio of 19.9% and a median asking rent of £1,275 for a 3-bedroom house make the area attractive to renters and could support stable occupancy.
• The market’s median sale price for a 2-bedroom flat of £167,475 offers an accessible entry point for investors seeking lower-capital outlays.

• Capital growth has been subdued, with a 1-year change of -2.8% and a 3-year annualised growth of 1.1%, so short-term appreciation is not guaranteed.
• The population skews older (in the 84th percentile for over-60s), which may limit demand growth from younger renters or buyers.
• The area has a relatively small private rented sector (in the 27th percentile), so letting opportunities may be more limited than in larger urban centres.

Looking ahead, Devizes is likely to remain a stable but unspectacular market. The capital growth over 3 years of 3.2% shows some resilience, but the low annualised figure suggests investors should not expect rapid gains. Affordability metrics, such as the price-to-income ratio of 4.8, support continued demand from local buyers.

Rental yields are likely to hold steady, thanks to the average yield of 4.4% and achievable rents, especially for family homes. However, with most of the population in older age brackets and a small student and young professional base, rental demand may not surge. Overall, Devizes offers a calm environment for investors prioritising steady income and low volatility over headline-grabbing growth.