The most common and most likely answer to this crossword clue is the 8 plus 2 letter word WESTWARD HO
I've seen this crossword clue in The Daily Telegraph
W
E
S
T
W
A
R
D
H
O
More clues leading to the result WESTWARD HO
Buddy explains!
The straight part
We know that "place in Devon" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case place in devon = westward ho.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.