Sold STC Semi-detached

1 CLARKES LANE

OKEHAMPTON, MERTON, DEVON EX20 3EF

2 beds 2 baths 969 sq ft Listed 11 May 2021 (-1853d)

£275,000

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Property details

Floor area

90 m²

EPC rating

D

Year built

England and Wales: before 1900

Last sold

£280,000 Sep 2021

Price per m²

£3,056/m²

Local average

£262,284 (+4.8%)

Deprivation

Decile 4 (10,194 of 33,755)

Street crime

0 incidents within 1 mile (Mar 2026)

Key features

  • Idyllic Semi Detached Cottage
  • Undergone Complete Renovation Throughout
  • Beautifully Presented
  • Living & Dining Room
  • Attractive Inglenook Fireplace
  • Offering Two Double Bedrooms
  • Two En Suite Shower Rooms
  • Off Road Parking
  • Enclosed Rear Garden
  • Sought After Location

Additional details

Parking
Yes
Garden
Yes

Description

A most idyllic cottage which has undergone complete renovation and now offers an extremely comfortable and spacious home for someone to enjoy.

This double fronted residence is entered through a stable door leading to an entrance with doors off to a charming living room with inglenook fireplace housing a wood burning stove. There is a modern fitted shaker kitchen with integrated and space for appliances. An opening from here leads to a bright and airy dining room with access to the rear garden. There is plenty of storage with a utility area, airing cupboard, boiler cupboard and cloakroom.

As you walk upstairs there is a split landing with two double bedrooms either side, both with the benefit of an ensuite shower rooms.

The property is approached over a private lane owned by Clinton estates and leads to an extensive off-road parking area and stone built shippon measuring approx. 30ft X 9ft. There is also a raised lawn area with mature shrubs.

The cottage has the advantage of pedestrian side access leading to a rear enclosed garden being principally laid to lawn. At the far end there is a small seating area and summer house or home office which its currently being used for.

Merton itself is known for its large village square flanked by a number of period houses and cottages together with the parish church. The village has a range of facilities which include a post office/general store, garage, primary school, local inn and superb modern village hall with excellent sports and community facilities.

The village itself is surrounded by rolling typically Devon countryside, the Torridge valley being famous for its connection with Tarka the Otter and the well known Tarka Trail with its walking and cycling runs close to the village. The area is also well known for its fishing and there is easy access to the Dartmoor National Park at Okehampton and to the North Coasts of Devon and Cornwall with superb beaches and delightful coastal scenery.

The A386 gives easy access north to the market towns of Great Torrington and Bideford whilst to the south the market town of Hatherleigh offers an excellent range of shops and services including supermarkets, primary school, veterinary and doctors surgeries and community market.

Okehampton offers a wider range of shops and services, three supermarkets including a Waitrose and schooling from infant to sixth level. The town also has a modern leisure centre and hospital. From Okehampton there is direct access to the A30 dual carriage way providing a link west into Cornwall or east into the Cathedral and University City of Exeter with its mainline rail and international air and M5 motorway connections.

Directions
From Okehampton town centre, proceed in a northerly direction taking the A386 to Hatherleigh. By pass the town and proceed on towards Torrington, proceeding through the village of Meeth and onto Merton. Pass the school on the right hand side, and almost immediately upon the left the entrance to Clarks Lane will be seen with the cottage being immediately on the right hand side.

Listed by

Okehampton

Bond Oxborough Phillips

Reference: 80187609

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: B

Inspection date: 09/04/2021

Current heating cost: £649/year

Potential heating cost: £447/year

Est. upgrade cost to C: £26,100

Recommendations

  • 50 mm internal or external wall insulation (£4,000 - £14,000)
  • Floor insulation (solid floor) (£4,000 - £6,000)
  • Replace boiler with new condensing boiler (£2,200 - £3,000)
  • 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

Floorplan

EPC Graphs

EPC Rating Graph

EPC Rating Graph

FENSA Certificates

This property has 1 FENSA certificate(s) on record, indicating window/door installations by FENSA-approved installers.

FENSA Certificate #14753453 Recent

Property Details

Street: 1 Clarkes Lane

Town: Merton

Postcode: EX20 3EF

Installation Details

Items: 6 windows

Certificate Issued: 22/08/2021

Work Completed: 18/09/2019

This certificate data was retrieved from FENSA's database

What is FENSA? FENSA (Fenestration Self-Assessment Scheme) is a government-authorised scheme that monitors building regulation compliance for replacement windows and doors. Certificates indicate that work was completed by FENSA-approved installers.

Price history

75% since 2019

Event Date Price % change
Sold 09/09/2021 (4 years ago) £280,000 +75%
Sold 24/06/2019 (6 years ago) £160,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Sold comparables data is not available for this property.

Capital growth trend

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

5y growth 6.1%
10y growth 48%

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

1y (index) 0.5%
5y (index) 17.5%
10y (index) 38.4%

Rental Range

Estimated market rent for Torridge. Low = conservative, Realistic = average, Optimistic = best case.

Low £708/mo
Realistic £787/mo
Optimistic £866/mo

Based on Local Authority from postcode lookup → Torridge.

LHA (30th percentile) floor for Exeter: £793/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Merton Garage 0.3 miles
Bus stop Unknown 2.7 miles
Shop HE Infusion UK 2.8 miles
Hospital Torrington Community Hospital 4.9 miles
Train station Portsmouth Arms 8.0 miles
Train station Umberleigh 9.0 miles
Hospital Bideford Hospital 10.3 miles

Street-level crime

Category Count
Total incidents 0

Within 1 mile during Mar 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
The Clinton Church of England Primary School Primary 0.2 miles Requires improvement — 28 Mar 2023
Beaford Community Primary & Nursery School Primary 2.6 miles Outstanding — 11 Sep 2014
Dolton Church of England Primary School Primary 2.8 miles Good — 10 Sep 2024
Marland School Other 3.0 miles Good — 18 May 2023
Great Torrington Bluecoat Church of England Primary School Primary 4.7 miles (Inspected (no overall grade))

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
2 Bed End Terrace, Nipawin, EX20 £825/mo 2 0.34 miles OpenRent

Average rent: £825/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.3%
Max investor price (0.8%) £103,125
Target investor price (1%) £82,500
Gross yield 3.6%
Cost-to-rent ratio 27.8×
Monthly cashflow £-365/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -5.5%
  • 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).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus 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).