The device will also only be accessible if an internet connection is present, even if both the device and the client are in the same LAN - because the client has to access the device through the domain.
This means, should I ever lose the capacity to support the device and renew the domain, the device will become useless, even if technically, it is still completely functional.
That’s not true at all. I’ve created a CA and a script to generate and sign server certificates and I generated them left right and centre now for my very standalone, local network only with no access to the internet whatsoever services. I added my CA to my browsers and my iPhone and everything works perfectly.
I'm wondering where the impression fo" not any more" comes from. Really the situation hasn't changed much. You can have your HTTP webinterface. You can have HTTPS with a selfsigned cert and click away the warning. The only thing that really has changed is that for your HTTP connection you will get a warning that the connection is not secure.
I don't think the ability of browsers to load HTTP pages will go away any time soon.