Sold House

3 - 5

LOWER STREET, NEWTON ABBOT, CHAGFORD, DEVON TQ13 8AZ

3 beds Listed 21 Aug 2016 (-3595d)

£500,000

Guide Price

Reduced on 15 May 2017

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Bishops House Gardens Off Street Parking Sitting Room Snug Breakfast Room Kitchen Dining Room Cross Passage Office/Bedroom Bedroom Gardens Gardens Bathroom Details Details

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Property details

Tenure

FREEHOLD

Last sold

£750,000 Mar 2025

Local average

£565,417 (-11.6%)

Deprivation

Decile 6 (18,460 of 33,755)

Street crime

2 incidents within 1 mile (Apr 2026)

Key features

  • 3 bedrooms
  • 3 receptions
  • 2 bathrooms
  • garden

Additional details

Parking
Yes
Garden
Yes

Description

The Property
Bishops House is a pretty Grade II* Listed thatched house, built in approximately 1480, with an abundance of character and period features. The property has high ceilings, unusual for the period, and has been updated over the years, including a newly thatched roof.

The house retains its medieval character and features a cobbled cross passage, exposed beams and a plank and muntin screen wall. The accommodation on the ground floor comprises a cross passage entrance hall with access to the rear, a sitting room with a large granite inglenook fireplace, a 16th Century wooden ceiling and the main spiral staircase to the first floor, a dining room with a further inglenook fireplace and rear stairs, a kitchen with an electric Aga, integrated fridge, butler sink and fitted wooden units, a breakfast room and a shower room/cloakroom off the sitting room.

A utility room lies to the rear of the house with fitted wooden units, integrated freezer and the boiler. Upstairs is a snug with an exposed stone all and a vaulted ceiling, the master bedroom with built in storage, a further bedroom, a dual aspect study/bedroom three above the entrance porch and a family bathroom with a stand-alone roll top bath. New pure wool carpets have been laid throughout.

Location
Bishops House is located in the heart of the popular town of Chagford which offers a wide range of amenities, including churches, a primary school, bank, health and dental centres and excellent sports facilities. It was recently mentioned in The Times as one of the most sought after towns to live in. There is a wide range of shops, including a delicatessen, ironmongers, wine merchant, art galleries and a number of boutiques. The awardwinning Gidleigh Park Hotel is just over two miles away. Bovey Castle, three miles away, has a championship golf course and superb spa facilities.

Okehampton, approximately 12 miles away has extensive shopping facilities, two supermarkets, one of which is a Waitrose, Okehampton College, rated ‘Outstanding’ by Ofsted and the Okehampton hospital with excellent health services and an A&E department.

Exeter, approximately 21 miles away is the most thriving city in the South West and offers a wide choice of cultural activities with the theatre, the museum, arts centre and a wealth of good shopping, including John Lewis and Waitrose, as well as many fine restaurants.

Many good primary and secondary schools can be found in Exeter whilst Exeter University is recognised as one of the best in the country.

The M5 motorway at Exeter provides links to Bristol and London (M4) and to the North. The A38 to Plymouth is just south of Chagford and the closer A30 5 miles away; both providing fast routes into South and North Devon and Cornwall. There are regular rail services to London Paddington from Exeter with a journey time of just 2 ¼ hours. Exeter International Airport provides an ever increasing number of domestic and international flights including two flights a day to London City Airport.

Outside
Bishops House is approached off the road to a gravelled area with parking for two cars. A gravelled path leads to the entrance porch at the front of the house with a pedestrian gate, set in a granite wall, providing access to the path. To the rear of the house is a pretty walled cottage garden with a circular lawn, a gravelled seating area and flowering shrubs and roses in surrounding beds providing colour. Granite steps lead up to a workshop/store with further access to a private gravelled courtyard seating area with a wood store and granite steps down to the parking area.

Listed by

Exeter

BNP Paribas - Strutt & Parker

Reference: 61416782

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Floorplan

Price history

2% since 2008

Event Date Price % change
Sold 12/03/2025 (1 year ago) £750,000 +2%
Sold 13/05/2008 (18 years ago) £735,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
Same street 29 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ £200,000 01/05/2025 Terraced
Same street 7 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ £322,000 12/06/2023 Terraced
Same street 20 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ £290,000 06/03/2023 Terraced
Same street 31 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ £285,000 14/12/2022 Terraced
Same street 30 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ £220,000 01/12/2022 Terraced
THE BOOT ROOM, 1A THE SQUARE, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AA £159,950 07/09/2022 Other
Same street 34 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ £216,000 01/02/2022 Terraced
47B LAMB PARK, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8DN £230,000 16/12/2021 Other
Same street 28 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ £270,000 28/10/2021 Terraced
Same street 2 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ £570,000 30/09/2021 Other
Same street 16 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ £222,500 30/09/2021 Terraced
Same street 42 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ £150,000 15/09/2021 Terraced
Same street 32 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ £207,500 20/08/2021 Terraced

Street average: £268,455 (11 sales)

Area average: £194,975 (2 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 88.4%
10y growth 131.2%

House Price Index (HM Land Registry — official index, not sold-price averages): West Devon. Series: All dwelling types. As of March 2026.

1y (index) 5.8%
5y (index) 18.8%
10y (index) 43.6%

Rental Range

Estimated market rent for West Devon. Low = conservative, Realistic = average, Optimistic = best case.

Low £755/mo
Realistic £839/mo
Optimistic £923/mo

Based on Local Authority from postcode lookup → West Devon.

LHA (30th percentile) floor for South Devon: £838/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Astors Bookshop & Art Materials 0.1 miles
Shop Ellis Bakery 0.1 miles
Hospital Moreton Hospital 3.3 miles
Bus stop Court Street Car Park 3.3 miles
Bus stop Square 3.4 miles
Train station Okehampton 7.9 miles
Train station Yeoford 8.6 miles

Street-level crime

Category Count
Other theft 1
Violence and sexual offences 1
Total incidents 2

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Chagford Church of England Primary School Primary 0.2 miles Good — 20 Jul 2022
Moretonhampstead Primary School Primary 3.2 miles Good — 21 Mar 2013

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
3 Bed Flat, Chagford, TQ13 £1,250/mo 3 0.27 miles OpenRent

Average rent: £1,250/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.25%
Max investor price (0.8%) £156,250
Target investor price (1%) £125,000
Gross yield 3%
Cost-to-rent ratio 33.3×
Monthly cashflow £-869/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -7.2%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).