Sold STC Terraced

40 LOWER STREET

NEWTON ABBOT, CHAGFORD, DEVON TQ13 8AZ

2 beds 2 baths 1,184 sq ft Listed 10 Mar 2022 (-1567d)

£260,000

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

## Property Details

| Key | Value |
|-----|-------|
| Address | 40 LOWER STREET, NEWTON ABBOT, CHAGFORD, DEVON TQ13 8AZ |
| Price | £260,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Construction age | England and Wales: before 1900 |
| Floor area | 110 m² |
| Last sold | £56,000 Jan 2000 |

## EPC Rating & Upgrade Cost

- **Current rating:** D
- **Potential rating:** B
- **Expiry date:** 27/03/2035
- **Current heating cost:** £1,363/year
- **Est. upgrade cost to C:** £23,500

### Recommendations
- Q (£4,000 - £14,000)
- W2 (£4,000 - £6,000)
- N (£4,000 - £6,000)
- U (£3,500 - £5,500)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/1235-2427-7000-0548-8226)

## Description

40 Lower Street is set in a quiet spot, off road, yet close to amenities. It is a stone built cottage which is not listed and has been improved to offer cosy, gas centrally heated accommodation with double glazed windows. It shares an entrance with the neighbouring cottage and has a living room with a gas wood burner effect stove, a bijou but surprisingly well fitted kitchen, a ground floor shower room/w.c., whilst upstairs there is a bathroom and a double and single bedroom. At the front is a cottage garden and to the rear there is a small yard. This cottage is cosy and comfy. Fowlers recommend viewing.

## Property Photos

- ![Photo 10](/listings/photos/120900386/729621) - Photo 10
- ![Photo 9](/listings/photos/120900386/729626) - Photo 9
- ![Photo 7](/listings/photos/120900386/729632) - Photo 7
- ![Photo 10](/listings/photos/120900386/729639) - Photo 10
- ![Photo 10](/listings/photos/120900386/729652) - Photo 10
- ![Photo 15](/listings/photos/120900386/729657) - Photo 15
- ![Photo 11](/listings/photos/120900386/729663) - Photo 11
- ![Photo 9](/listings/photos/120900386/729670) - Photo 9
- ![Photo 10](/listings/photos/120900386/729678) - Photo 10

## Floorplans

- ![Floorplan 1](/listings/photos/120900386/729681) - Floorplan 1

## EPC Graphs

- ![Energy Perform...](/listings/photos/120900386/729685) - Energy Perform...

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 40 LOWER STREET, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8AZ | £56,000 | 10/01/2000 | 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 |
| 21 ELLIS DRIVE, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8FN | £397,500 | 17/12/2021 | Terraced |

**Area average:** £316,478 (20 sales)

## Price vs local average

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

- **Local average:** £259,773 (22 Terraced, TQ13, 2024–2026)
- **Deviation:** +0.1%

## 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):** £673/mo

## 1% Rule

- **Rent ratio:** 0.32% (weak for cashflow)
- **Max investor price (0.8%):** £104,875
- **Target investor price (1%):** £83,900

*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 Area rent estimate.*

## Price per Square Metre

- **£/m²:** £2,364/m²

## Capital growth trend

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

- **5y growth:** -7.8%
- **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)

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Property details

Tenure

FREEHOLD

Floor area

110 m²

EPC rating

Year built

England and Wales: before 1900

Last sold

£56,000 Jan 2000

Price per m²

£2,364/m²

Local average

£259,773 (+0.1%)

Deprivation

Decile 6 (18,460 of 33,755)

Street crime

2 incidents within 1 mile (Apr 2026)

Key features

A semi detached stone built cottage
Cottage garden at the front
Cosy sitting room
Fitted kitchen
Shower room
Double bedroom
Single bedroom
Bathroom
Mains gas fired central heating

Additional details

Parking: Yes
Garden: Yes

Description

Listed by

Chagford

Fowlers Estate Agents

Reference: 120900386

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: B

Inspection date: 28/03/2025

Expiry date: 27/03/2035

Current heating cost: £1,363/year

Potential heating cost: £651/year

Est. upgrade cost to C: £23,500

EPC D or below may face future regulation risk. Upgrading to C could improve long-term ROI.

Recommendations

50 mm internal or external wall insulation (£4,000 - £14,000)
Floor insulation (solid floor) (£4,000 - £6,000)
Solar water heating (£4,000 - £6,000)
Solar photovoltaic panels, 2.5 kWp (£3,500 - £5,500)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

EPC Graphs

Energy Perform...

Price history

Event	Date	Price	% change
Sold	10/01/2000 (26 years ago)	£56,000	—

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
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
21 ELLIS DRIVE, CHAGFORD, NEWTON ABBOT, WEST DEVON, DEVON, TQ13 8FN	£397,500	17/12/2021	Terraced

Area average: £316,478 (20 sales)

Capital growth trend

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

5y growth -7.8%

10y growth 25.8%

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

1y (index) 6.1%

5y (index) 19.8%

10y (index) 46%

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: £673/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View TQ13 8AZ

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

Rental listings exist nearby, but none matched the 2-bedroom count for this property.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 0.32%

Max investor price (0.8%) £104,875

Target investor price (1%) £83,900

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).