# 3 bedroom house for sale (TQ13 8AZ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 3 - 5, LOWER STREET, NEWTON ABBOT, CHAGFORD, DEVON TQ13 8AZ |
| Price | £500,000 |
| Bedrooms | 3 |
| Last sold | £750,000 Mar 2025 |

## 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.

## Property Photos

- ![Bishops House](/listings/photos/61416782/729510) - Bishops House
- ![Gardens](/listings/photos/61416782/729511) - Gardens
- ![Off Street Parking](/listings/photos/61416782/729512) - Off Street Parking
- ![Sitting Room](/listings/photos/61416782/729513) - Sitting Room
- ![Snug](/listings/photos/61416782/729514) - Snug
- ![Breakfast Room](/listings/photos/61416782/729515) - Breakfast Room
- ![Kitchen](/listings/photos/61416782/729516) - Kitchen
- ![Dining Room](/listings/photos/61416782/729517) - Dining Room
- ![Cross Passage](/listings/photos/61416782/729518) - Cross Passage
- ![Office/Bedroom](/listings/photos/61416782/729519) - Office/Bedroom
- ![Bedroom](/listings/photos/61416782/729520) - Bedroom
- ![Gardens](/listings/photos/61416782/729521) - Gardens
- ![Gardens](/listings/photos/61416782/729522) - Gardens
- ![Bathroom](/listings/photos/61416782/729524) - Bathroom
- ![Details](/listings/photos/61416782/729526) - Details
- ![Details](/listings/photos/61416782/729529) - Details

## Floorplans

- ![Floorplan](/listings/photos/61416782/729531) - Floorplan

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 3 - 5 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ | £750,000 | 12/03/2025 | Detached |
| 3 - 5 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ | £735,000 | 13/05/2008 | Detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| 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] 16 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ | £222,500 | 30/09/2021 | Terraced |
| [Same street] 2 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ | £570,000 | 30/09/2021 | Other |
| [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)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £565,417 (12 Other, TQ13, 2024–2026)
- **Deviation:** -11.6%

## Rental Range

*ONS Price Index of Private Rents (West Devon). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £755/mo
- **Realistic:** £839/mo
- **Optimistic:** £923/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for South Devon (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £838/mo

## 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)**

## 1% Rule

- **Rent ratio:** 0.25% (weak for cashflow)
- **Max investor price (0.8%):** £156,250
- **Target investor price (1%):** £125,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,250/mo).*

- **Gross yield:** 3%
- **Cost-to-rent:** 33.3×
- **Monthly cashflow:** £-869/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -7.2%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).*

## Capital growth trend

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

- **5y growth:** 88.4%
- **10y growth:** 131.2%

## House Price Index (HM Land Registry)

*Official index for West Devon; All dwelling types series; as of March 2026.*

- **1y growth (index):** 5.8%
- **5y growth (index):** 18.8%
- **10y growth (index):** 43.6%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)