This article was reproduced with the kind permission
of the British Broadcasting Corporation
23 November 2007, 09:59 GMT
Stephen Kavanagh, 18, and Christian Babbage, 16, dragged the barely conscious man out of his Galmpton home when they heard his cries for help.
Police and firefighters said the young men had risked their own lives to help the 63-year-old man to safety.
Stephen said: "As we were pulling him out the flames came bursting out of the front door."
The elderly man was taken to hospital for a check-up, but is thought to have been unhurt in the blaze.
A police spokesman praised the actions of the passing teenagers.
"Their actions were very commendable as they put their own lives at considerable risk," he said.
Several fire crews were called to deal with the fire, which is thought to have started in a television set, at about 2300 GMT on Thursday.
Much of the bungalow is now smoke-damaged.