Average Rent, House Prices and Buy-to-Let Yield in Mid Devon (July 2026)
The average private rent in Mid Devon is £876 a month (ONS, July 2026) and the average house price £284,283 (HM Land Registry, June 2026): a gross yield of 3.7%, ranked 273 of 316 local authorities.
Rent in Mid Devon
The average private rent across all property types is £876 a month (+1.6% on a year earlier). The regional median in the South West is £1,046.
| Property | Per month | Per year |
|---|---|---|
| 1 bedroom | £640 | £7,680 a year |
| 2 bedrooms | £808 | £9,696 a year |
| 3 bedrooms | £993 | £11,916 a year |
| 4+ bedrooms | £1,449 | £17,388 a year |
The bedroom ladder in Mid Devon: one to two bedrooms adds 26.2% to the rent, two to three adds 22.9% and three to four-plus adds 45.9% (England-and-Wales medians 27.3%, 20.9% and 40.9%). The biggest step here is three to four or more bedrooms — the size where an extra room earns most, and the first place to look when comparing a conversion against its cost.
House prices in Mid Devon
The average price paid is £284,283 (-1.1% on a year earlier).
| Type | Average price |
|---|---|
| Detached | £423,118 |
| Semi-detached | £277,973 |
| Terraced | £220,299 |
| Flat | £130,690 |
Rents are outrunning prices in Mid Devon. Rents moved +1.6% over the year against −1.1% for prices — a gap of 2.7 points that lifts the gross yield a buyer sees today. Mid Devon ranks 278th of 316 local authorities for rent growth and 276th of 316 for price growth; the England-and-Wales medians are +3.8% and +2.8%.
Gross yield by property type in Mid Devon
| Type | Rent / month | Average price | Gross yield | E&W median |
|---|---|---|---|---|
| Flat | £808 | £130,690 | 7.4% | 7.5% |
| Terraced house | £993 | £220,299 | 5.4% | 5.7% |
| Semi-detached | £993 | £277,973 | 4.3% | 4.6% |
| Detached | £1,449 | £423,118 | 4.1% | 4.1% |
On these pairings the strongest gross yield in Mid Devon is on flats at 7.4%, against an England-and-Wales median of 7.5% for that type; the weakest is detached. Gross figures ignore service charges, which usually make flats the thinnest net yield of the four.
What that means for a landlord
- Gross yield 3.7% (rent × 12 ÷ price) — rank 273 of 316 local authorities; the regional median is 4.1%. Net yield is lower once mortgage interest, insurance, maintenance and voids come off.
- Tenant affordability: referencing at 30× means a household income of about £26,280 a year for the average rent.
- EPC before 2030: 52% of EPCs lodged in Mid Devon over the last year were below band C — the level a rented home needs by 1 October 2030 — with 31% at D (EPC ratings in Mid Devon).
- Council tax: Band D in Mid Devon is £2,656 for 2026/27, and the council charges a 100% second-home premium (council tax in Mid Devon).
Lender maths on the averages. At a 5.5% stress rate and 145% rent cover — the common buy-to-let convention — the average rent of £876 supports a loan of about £131,812, which is 46.4% of the average price. That falls short of 75% loan-to-value, so a buyer of an average home here needs a larger deposit or a stronger rent to pass the stress test. Both numbers are conventions rather than rules — change them in the stress test.
Run the numbers for Mid Devon
- Yield calculator with £284,283 and £876 already filled in
- Mortgage stress test at 75% LTV on the average price
- Rent affordability: the income a tenant needs to reference at £876 a month
- Rental income tax on £10,512 a year of rent
Nearest neighbours by yield, in the South West
| Area | Rent | Price | Yield | Rent 12m |
|---|---|---|---|---|
| Wiltshire | £1,072 | £328,908 | 3.9% | +5.9% |
| Dorset | £1,051 | £325,410 | 3.9% | +4.8% |
| Teignbridge | £958 | £303,564 | 3.8% | +3.7% |
| Cotswold | £1,248 | £411,764 | 3.6% | +6% |
| Torridge | £788 | £260,783 | 3.6% | +2.5% |
| North Devon | £845 | £281,532 | 3.6% | −0.1% |
All 316 areas ranked · council tax in Mid Devon · EPC ratings in Mid Devon.
Rents: ONS, Price Index of Private Rents (average monthly private rent by local authority, July 2026). Prices: HM Land Registry UK House Price Index (average price, June 2026). Gross yield = rent × 12 ÷ price, our calculation. Contains public sector information licensed under the Open Government Licence v3.0; contains HM Land Registry data © Crown copyright and database right 2026. Rankings and medians are ours, across 316 local authorities.
Asked about this area
£876 a month across all property types (ONS Price Index of Private Rents, July 2026), up 1.6% on a year earlier.
£284,283 (HM Land Registry UK House Price Index, June 2026).
About 3.7% gross on the averages — £876 rent against a £284,283 price — ranking 273 of 316 local authorities. Net yield depends on your mortgage and costs.
Flats on our pairing: 7.4% gross (£808 rent on a £130,690 price), against an England-and-Wales median of 7.5% for that type.
Rents +1.6% against prices −1.1% over the year — rents ahead, so yield is rising for a buyer today.
Referencing at 30 times the monthly rent points to roughly £26,280 a year of household income for the average home; the affordability calculator shows 24× and 36× too.