[2] He inherited little property on the death of his father, but purchased in 1572 from his half-nephew, Walter Devereux, 1st Earl of Essex, the reversion of the Warwickshire manor of Castle Bromwich, which formed part of the jointure of his mother Margaret, the Dowager Viscountess of Hereford.
For a payment of £1000 to support efforts for suppressing a rebellion in Ireland,[3] King James I of England created him Baronet of Castle Bromwich on 25 November 1611 (10 Jac 1).
When his son and heir, Walter Devereux, married his second wife (probably in January 1615), Edward settled on him the Herefordshire manor of Stoke Lacy.
In return, she was to pay her son an annual rent of £40; allow him to occupy a designated suite of rooms in the manor house if he wished; and grant him the right to receive the profits of timber on the estate.
Catherine responded to these complaints in February 1623 by accusing her son in Chancery of making Castle Bromwich the subject of secret conveyances, and of refusing to allow her half the interest on loans made by her husband during his lifetime.