Rental yields›South West›Mid Devon
Rental yield in Mid Devon
Mid Devon ranks 18 of 26 areas in the South West for rental yield, at 3.7% gross.
Mid Devon sits in the lower half for rental yield in England and Wales, a little below the 4.4% typical figure across all 316 areas.
Over the past year, average prices in Mid Devon rose 0.1% and average rents rose 1.3%.
Average gross yield
3.7%
#271 of 316 areas
Average price
£281,450
▲ 0.1% past year
Average rent
£878/mo
▲ 1.3% past year
Privately rented
18.6%
of 35,631 homes
Average rent by size
1 bedroom
£641/mo
↑ +1.4% / yr
2 bedrooms
£809/mo
↑ +1.4% / yr
3 bedrooms
£995/mo
↑ +1.4% / yr
4+ bedrooms
£1,452/mo
↑ +0.8% / yr
Average private rent by number of bedrooms, across new and existing tenancies. ONS Price Index of Private Rents (August 2026).
Council tax bands (2026-27)
Band A
£1,771
Band B
£2,066
Band C
£2,361
Band D
£2,656
Band E
£3,246
Band F
£3,836
Band G
£4,427
Band H
£5,312
Average annual bill for the area, including police and other precepts (MHCLG and Welsh Government, 2026-27). Community precepts vary, and the band is set by the property, so check the exact band on gov.uk.
How it compares
Deprivation (IMD 2025)
44 neighbourhoods
0% of Mid Devon's neighbourhoods are in England's most deprived 10%. The typical one sits in the more deprived half of the country.
Fifths of England, most to least deprived (MHCLG IMD 2025). It shifts street by street, so check a specific postcode.
No Article 4 areas for Mid Devon appear in the national planning dataset yet, but coverage is incomplete and directions can be council-wide, so check the exact postcode before planning an HMO.
Check on the Article 4 map →Work out the yield on a specific property
Pre-filled with the Mid Devon average. Change them for a real property.
That is right on the Mid Devon average of 3.7%. Add costs for a net estimate.
Nearby areas
Areas with a similar yield
Common questions
Is Mid Devon a good place to buy to let?
It is around the middle for rental income, at a 3.7% average gross yield. Whether it works depends on the specific property, so always run the actual numbers.
Are rents rising in Mid Devon?
Over the past year, average rents in Mid Devon rose 1.3% and average prices rose 0.1% (HM Land Registry and ONS, to August 2026).
Is there rental demand in Mid Devon?
Rent movement is the best free proxy for tenant demand, and average rents in Mid Devon rose 1.3% over the past year (ONS), which points to tenants competing for available stock. Still ask local letting agents about typical void periods before committing to a buy-to-let there. For the size of the market: at the 2021 census, 18.6% of Mid Devon's 35,631 households rented privately (12.6% social rented, 67.6% owner occupied).
What is the average rent for a 1, 2 or 3 bedroom property in Mid Devon?
As of August 2026, average monthly rents in Mid Devon by property size are £641 for a 1 bedroom property, £809 for a 2 bedroom property, £995 for a 3 bedroom property, £1,452 for a 4 or more bedroom property (ONS). The all-size average is £878 a month.
How much is council tax in Mid Devon?
In 2026-27, the average Band D council tax in Mid Devon is £2,656 a year including police and other precepts. Bills scale with the property's band: from £1,771 for Band A up to £5,312 for Band H. Community precepts vary within the area, so treat these as area averages and check the exact band and bill with the council.
How deprived is Mid Devon?
On the English Indices of Deprivation 2025, 0% of Mid Devon's 44 neighbourhoods are in England's most deprived 10%, and 0% are in the least deprived 10%. The typical neighbourhood is in decile 5 of 10, where 1 is most deprived. Deprivation shifts street by street, so check the exact postcode before you offer.
What is a good rental yield in the UK?
As a rough guide, under 4% is low, 5 to 6% is typical, and above 6.5% is high. Mid Devon is at 3.7%.
Gross yield = annual rent divided by average price. Average price: HM Land Registry UK HPI (July 2026). Average rent: ONS Price Index of Private Rents (August 2026). Deprivation: MHCLG English Indices of Deprivation 2025. Regions: ONS. Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.