Property Data OutlookWest Devon
Data from Land Registry, ONS, Bank of England
Compare with another area →Market outlook for West Devon
Key indicators for buyers
The West Devon market is moderately favourable for buyers. Prices are rising at 6.7%, which may favour acting sooner rather than later. Affordability has improved from a peak of 12.8x in 2021 to 7.8x today. Rising rents (£836/mo, +2.1%) mean the cost of waiting is real.
Price trends
Average sale prices · HM Land Registry / UK HPI
Affordability ratio
House price ÷ median earnings · ONS data
A home in West Devon costs 7.8x the local median salary — moderate, improving from a peak of 12.8x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in West Devon is £836, up 2.1% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average West Devon price of £313,644 with a 25% deposit (£78k), a 2-year fixed mortgage at 3.97% costs around £1,238 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments (£1,238) are £402 more than renting (£836). However, buying requires an upfront deposit of £78k — it would take around 19 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 |
|---|---|---|---|
COBBLESTONES, CHAPEL STREET, BERE ALSTON PL20 7DE | Terraced | £335,000 | 16 Jan 2026 |
8A, MARKET STREET PL19 0DA | Flat/Maisonette | £153,000 | 16 Jan 2026 |
4, SOUTH STREET, HATHERLEIGH EX20 3JB | Terraced | £265,000 | 16 Jan 2026 |
HEATHER COTTAGE, CLEARBROOK PL20 6JD | Terraced | £445,000 | 16 Jan 2026 |
13, WILLOWBY PARK PL20 6AN | Terraced | £402,500 | 16 Jan 2026 |
15, MANOR WAY PL19 8RF | Other | £285,000 | 16 Jan 2026 |
GARAGE 96, MANOR WAY | Other |
Explore postcodes in West Devon
5postcode 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
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.