It was reported at around 10 o'clock last night (Sunday, June 15th) three males entered a property, assaulted and threatened people inside before leaving the scene with a quantity of cash and jewellery.
Officers say nobody was seriously injured during the incident and a scene guard was put in place.
A spokesperson for Devon and Cornwall Police said: "The suspects were described as white males and all three wore face coverings.
"Members of the public are likely to see a heightened police presence as enquiries to locate the suspects are ongoing. If you witnessed the incident or have any information or dashcam footage that could help with enquiries, please contact us via our website here or by calling 101 quoting 50250152008.
"Alternatively, independent charity Crimestoppers can be contacted anonymously online at Crimestoppers-uk.org or by calling freephone 0800 555111."
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