# 3 bedroom terraced house for sale (TQ13 8AZ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 18 LOWER STREET, NEWTON ABBOT, CHAGFORD, DEVON TQ13 8AZ |
| Price | £275,000 |
| Bedrooms | 3 |
| Last sold | £217,000 Dec 2011 |

## Description

A granite built cottage which was formerly a dairy and which is set in a walled courtyard.  The property was converted about 20 years ago when it was re-roofed and re-wired and had plumbing and heating installed.  The present owner has improved the home further and created an attractive and comfortable house.  It has an entrance lobby and w.c., a reception hall with access to the office and to the open plan living room and kitchen, and upstairs there are two double bedrooms, a single bedroom and a large bathroom.  The courtyard is granite walled on two sides and has a southerly aspect.  The property enjoys all mains services.

Set off the street through a short passageway and on its own courtyard garden.  The Old Dairy is only a short walk from Chagford's bustling town square.  Chagford offers a wide variety of specialist and day to day shops, a parish church and a Roman Catholic church, a primary school, pre school and Montessori.  There are various pubs, good restaurants and excellent sports facilities including a football and cricket pitch and pavilion, a bowling club and tennis club and an open air swimming pool in the summertime.  Exeter is approximately 20 miles, and the A30 dual carriageway is approximately 5 miles.

## Property Photos

- ![The Old Dairy](/listings/photos/14246959/729611) - The Old Dairy
- ![Sitting Room](/listings/photos/14246959/729615) - Sitting Room
- ![Sitting Room](/listings/photos/14246959/729619) - Sitting Room
- ![Kitchen](/listings/photos/14246959/729624) - Kitchen
- ![Bathroom](/listings/photos/14246959/729627) - Bathroom
- ![The Courtyard](/listings/photos/14246959/729633) - The Courtyard

## Floorplans

- ![Floor Plan](/listings/photos/14246959/729638) - Floor Plan

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 18 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ | £217,000 | 16/12/2011 | Semi-detached |
| 18 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ | £57,500 | 02/05/1997 | Terraced |

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 29 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ | £200,000 | 01/05/2025 | Terraced |
| ROWAN COTTAGE, 4 MOOR PARK, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8BY | £255,500 | 14/12/2023 | Terraced |
| 7 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ | £322,000 | 12/06/2023 | Terraced |
| 11 LAMB PARK, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8DN | £330,000 | 27/03/2023 | Terraced |
| 20 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ | £290,000 | 06/03/2023 | Terraced |
| 15 TURNLAKE ROAD, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8FF | £121,600 | 01/03/2023 | Terraced |
| 31 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ | £285,000 | 14/12/2022 | Terraced |
| 30 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ | £220,000 | 01/12/2022 | Terraced |
| 31 ELLIS DRIVE, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8FN | £399,950 | 11/11/2022 | Terraced |
| JUNIPER COTTAGE, 7 MOOR PARK, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8BY | £321,000 | 28/10/2022 | Terraced |
| 4 ORCHARD TERRACE, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AU | £850,000 | 20/10/2022 | Terraced |
| 36 THE SQUARE, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AB | £140,000 | 07/07/2022 | Terraced |
| 5 BRETTEVILLE CLOSE, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8DW | £240,000 | 24/06/2022 | Terraced |
| 4 DRIFT WAY, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8FT | £388,000 | 30/05/2022 | Terraced |
| 2 DRIFT WAY, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8FT | £378,000 | 27/05/2022 | Terraced |
| 30 ORCHARD MEADOW, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8BP | £295,000 | 03/03/2022 | Terraced |
| 10 THE SQUARE, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AB | £330,000 | 28/02/2022 | Terraced |
| 34 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ | £216,000 | 01/02/2022 | Terraced |
| 16 LAMB PARK, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8DN | £350,000 | 28/01/2022 | Terraced |
| 23 ELLIS DRIVE, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8FN | £359,950 | 17/12/2021 | Terraced |

**Area average:** £314,600 (20 sales)

## Price vs local average

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

- **Local average:** £259,773 (22 Terraced, TQ13, 2024–2026)
- **Deviation:** +5.9%

## 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:** 0.45% (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:** 5.5%
- **Cost-to-rent:** 18.3×
- **Monthly cashflow:** £17/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 0.3%

*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:** -4.5%
- **10y growth:** 25.8%

## House Price Index (HM Land Registry)

*Official index for West Devon; Terraced series; as of March 2026.*

- **1y growth (index):** 6.1%
- **5y growth (index):** 19.8%
- **10y growth (index):** 46%

## 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)