Rent vs buy calculator · England
Rent vs buy in East Devon: is it cheaper to rent or buy?
Buying leaves you £44,015 better off after 7 years. Owning a 2-bed terraced house costs about £1,768 a month, against £1,088 to rent the same size home.
- After 7 years
- Buy +£44,015
- Difference in net wealth
- Monthly cost to own
- £1,768
- Mortgage £1,338, of which £404 is capital
- Monthly cost to rent
- £1,088
- Rent £896 plus council tax
- Median price
- £259,500
- terraced house
- Cash needed to buy
- £25,950
- £25,950 deposit + £0 SDLT
- Price-to-rent ratio
- 24.1
- Price divided by a year of rent
Renting vs buying in East Devon by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £193,000 | £685 | +£492 | Buy £33,689 |
| 2 bed | £259,500 | £896 | +£679 | Buy £44,015 |
| 3 bed | £305,000 | £1,122 | +£726 | Buy £60,809 |
| 4+ bed | £490,000 | £1,615 | +£1,341 | Buy £63,649 |
Average rent and house prices in East Devon
The ONS average private rent in East Devon is £968 a month (Aug 2026, provisional), up 6.0% on a year earlier. The median price paid is £322,250 (ONS median price paid, year ending Mar 2026).
Default scenario: 2-bed home, 7 years stay, 10% deposit, 4.80% fixed mortgage, monthly difference invested in a S&S ISA at 7.5%. Council tax is £2,307 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in East Devon: FAQs
Is it cheaper to rent or buy in East Devon?
For a 2-bed home in East Devon, owning costs about £1,768 a month and renting about £1,088, both including council tax. Buying leaves you £44,015 better off after 7 years. This assumes a 2-bed home, 7 years stay, 10% deposit, 4.80% fixed mortgage, monthly difference invested in a S&S ISA at 7.5%.
What is the average rent in East Devon?
The ONS average private rent in East Devon is £968 a month across all home sizes (Aug 2026, provisional), with £685 for 1 bed, £896 for 2 bed, £1,122 for 3 bed, £1,615 for 4 or more bed. Rents rose 6.0% over the past year.
What is the average house price in East Devon?
The median price paid in East Devon is £322,250 (ONS median price paid, year ending Mar 2026). The calculator uses £259,500 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in East Devon?
A first-time buyer paying £259,500 would pay £0 in SDLT. With a 10% deposit of £25,950, the cash needed on day one is about £25,950.
What is the price-to-rent ratio in East Devon?
About 24.1: the 2-bed price is 24.1 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in East Devon?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £63,649 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.