Mid Devon

Data from Land Registry, ONS, Bank of England

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Avg. price

£301,119

↑ +0.1% YoY

Affordability

8.39x

↓ price-to-earnings

Avg. rent

£868/mo

↑ +1.7% YoY

Market outlook for Mid Devon

Key indicators for buyers

Prices stable+0.1% YoYRelatively stable market

Stretched8.4xImproving from 11.0x in 2022

Rates favourable3.97%2yr fixed, 75% LTV

Market quiet-6% YoYLess competition

Rents rising+1.7% YoYWaiting costs more (£868/mo)

The Mid Devon market is moderately favourable for buyers. Affordability has improved from a peak of 11.0x in 2022 to 8.4x today.

Price trends

Average sale prices · HM Land Registry / UK HPI

£301,119

↑ +0.1% YoY

Affordability ratio

House price ÷ median earnings · ONS data

8.39x

price-to-earnings

A home in Mid Devon costs 8.4x the local median salary — stretched, improving from a peak of 11.0x in 2022.

Rental trends

Average monthly rent · ONS Private Rental Index

£868/mo

↑ +1.7% YoY

Average monthly rent in Mid Devon is £868, up 1.7% year-on-year. Rents have risen consistently over the past five years.

Monthly mortgage

2yr fixed · 75% LTV · 25yr term · BoE avg. rate

£1,188

per month at 3.97%

LTV

Term

Deposit (25%)

£75k

Stamp duty

£3k

Based on the average Mid Devon price of £301,119 with a 25% deposit (£75k), a 2-year fixed mortgage at 3.97% costs around £1,188 per month.

Rent vs buy snapshot

Monthly cost comparison based on current data

Renting

£868

per month

0% equity built

Buying (mortgage)

£1,188

per month

£320 more than renting

Breakeven

16yr

to recoup deposit

vs renting + investing

Monthly mortgage payments (£1,188) are £320 more than renting (£868). However, buying requires an upfront deposit of £75k — it would take around 16 years to recoup that cost compared to renting and investing the difference.

Recent sales

Latest transactions · HM Land Registry Price Paid Data

Address	Type	Price	Date
COTTESLOE, UPLOWMAN EX16 7DW	Detached	£450,000	23 Jan 2026
40, BANKSIA CLOSE EX16 6TU	Terraced	£190,000	22 Jan 2026
11, HAWTHORN CLOSE EX15 1SL	Terraced	£169,000	16 Jan 2026
4, BARNS CLOSE, BRADNINCH EX5 4QJ	Detached	£360,000	16 Jan 2026
6, VICTORIA TERRACE EX15 1DQ	Flat/Maisonette	£130,000	16 Jan 2026
UPSIDE, HIGH STREET, BAMPTON EX16 9NQ	Detached	£465,000	15 Jan 2026
63, ST ANDREWS ESTATE EX15 1HY	Terraced

Explore postcodes in Mid Devon

3postcode districts · Click for detailed prices

Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions