A man was threatened in Bideford by two men wielding a machete and a crowbar, it has been alleged.
Police were called at 8.35pm on Saturday (January 4) to reports of an incident outside a property.
The windscreen had been smashed and all four tyres slashed on a car parked in Rowe Close.
A police spokesman said: "Two men were located nearby and confronted by a relative of the vehicle's owner.
"The pair threatened the man with a machete and crowbar. They then left on foot."
Armed response and local officers attended and enquiries led to an address in Geneva Place.
A 30-year-old man from Bideford was arrested on suspicion of threatening a person with a blade and criminal damage. He has been released on bail until January 31 for further enquiries to be made.
Police have said a male suspect remains outstanding and enquires continue in an effort to locate him.