The Real Cost of Buying a First Home in Ottery St Mary
A first purchase at the £340,000 Ottery St Mary average needs about £39,300 in cash, made up of £34,000 deposit, £2,000 stamp duty with first time buyer relief, and roughly £3,300 in fees.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
A first purchase at the £340,000 Ottery St Mary average needs about £39,300 in cash, made up of £34,000 deposit, £2,000 stamp duty with first time buyer relief, and roughly £3,300 in fees.
The full cash number for Ottery St Mary
On the local average the deposit is £34,000, stamp duty is £2,000 and fees are near £3,300. Total cash needed is about £39,300.
First time buyer relief saves you £5,000 against the standard charge of £7,000 at this price. Rates are those in force from April 2025. Confirm the current position on gov.uk before you exchange.
Where the upfront cash goes
The commercial page for this town sets out the introduction itself: Mortgage advice in Ottery St Mary.
Borrowing power on an Ottery St Mary income
The costs that start the day you move in
Band D council tax in Devon is £2,629 a year, which is £219 a month. Add energy, water, insurance and maintenance.
Protection belongs in the same budget. If the mortgage depends on two incomes, it depends on both people staying well enough to earn. That is the part of the purchase we advise on directly.
The Ottery St Mary detail first buyers ask about
The schools families ask about here are The King's School, Ottery St Mary Primary School, Tipton St John Church of England Primary School, Honiton schools nearby and Exeter College & post-16. 3 local schools were rated Good or Outstanding overall at their most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Ottery St Mary to Exeter (by car) takes about 25 to 30 min.
By price, Ottery St Mary ranks 13 of the 32 Devon locations we cover, at £340,000 against a county average of £354,375. Band D council tax here is £2,629, against an average of £2,675 across the towns we cover in the county.
Average prices sit below the £500,000 relief ceiling, so most first purchases here still qualify. Check your own price against the threshold.
What your money buys in Ottery St Mary
Ottery St Mary is a small, historic and attractive East Devon market town on the River Otter.
The full local guide covers schools, transport and the market in detail: Ottery St Mary property and area guide.
| Budget | What it buys here |
|---|---|
| Around £200,000 to £260,000 | A flat or a town-centre or period terrace, the more accessible way into the town. |
| Around £300,000 to £410,000 | A Georgian or Victorian terrace, or an interwar or postwar semi, a classic Ottery family home. |
| £450,000 and above | A larger detached or newer estate house, or a home in the surrounding villages, the top of the local market. |
- A historic, attractive East Devon market town
- A magnificent collegiate church & strong heritage
- Good schools including The King's School
- The unique tar barrels, Coleridge & Cadhay
- More affordable than the coast
- No railway in the town (nearest Feniton/Honiton)
- Fairly car-dependent for a rail commute
- Nearest A&E is at Exeter (~25 to 30 min)
- River Otter flood risk, the town has a flood history
- Period and mill homes need survey work
Ottery St Mary is known locally for The collegiate Church of St Mary. The magnificent fourteenth-century Church of St Mary, rebuilt by Bishop Grandisson of Exeter and modelled on Exeter Cathedral, a genuine architectural treasure at the heart of the town.
Practical detail for Ottery St Mary: the EX11 postcode district, none in Ottery, nearest stations Feniton (~2 miles) & Honiton (direct London Waterloo & Exeter trains); the A30 to Exeter and nearest A and E is Royal Devon & Exeter Hospital (Wonford), Exeter (~25 to 30 min via the A30).
Ottery St Mary at a glance
| Upfront cost | Ottery St Mary figure |
|---|---|
| Average price | £340,000 |
| Deposit at 10% | £34,000 |
| Stamp duty, first time buyer | £2,000 |
| Stamp duty, standard rate | £7,000 |
| Legal, survey and moving | £3,300 |
| Total cash needed | £39,300 |
| Monthly repayment illustration | £1,789 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Ottery St Mary
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- Total cash of about £39,300, not just the deposit
- Your stamp duty position confirmed on gov.uk
- A first year running cost budget including £2,629 council tax
- Income protection quoted before completion, not after
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Check broadband before you make an offer in Ottery St Mary
Broadband speeds can vary street by street in Ottery St Mary, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much money do I need to buy a first home in Ottery St Mary?
Do first time buyers pay stamp duty in Ottery St Mary?
What is the biggest hidden cost?
How do I check broadband speed at a property in Ottery St Mary?
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