2 CLARKES LANE
OKEHAMPTON, MERTON, DEVON EX20 3EF
£250,000
Property details
Tenure
FREEHOLD
Floor area
90 m²
EPC rating
E
Year built
England and Wales: before 1900
Last sold
£247,000 Aug 2021
Price per m²
£2,778/m²
Local average
£262,284 (-4.7%)
Deprivation
Decile 4 (10,194 of 33,755)
Street crime
0 incidents within 1 mile (Apr 2026)
Additional details
- Parking
- Yes
- Garden
- Yes
Description
The property offers lovely living space with a living room enjoying a feature inglenook fireplace housing a wood burner, separate dining room and a brand-new kitchen to the rear and bathroom. Upstairs there are two double bedrooms and shower room.
Outside, the property is approached over a private road leading to an off road parking area for several vehicles and a stone built store/wood store measuring approx. 9ft X 7ft.
To the rear of the property there an enclosed well-tended lawn garden with seating area and a pergola offering some additional undercover seating ideal for 'alfresco' dining.
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: 80187552
EPC Rating & Upgrade Cost
Current rating: E
Potential rating: A
Inspection date: 29/01/2020
Expiry date: 28/01/2030
Current heating cost: £791/year
Potential heating cost: £353/year
Est. upgrade cost to C: £51,000
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)
- Replace single glazed windows with low-E double glazing (£3,300 - £6,500)
- Solar photovoltaic panels, 2.5 kWp (£3,500 - £5,500)
- Wind turbine (£15,000 - £25,000)
Flood risk
Zone: 1
Risk: Low
Job (default Low)
Floorplans
Floorplan
EPC Graphs
EPC Rating Graph
FENSA Certificates
This property has 1 FENSA certificate(s) on record, indicating window/door installations by FENSA-approved installers.
FENSA Certificate #16698916 Recent
Property Details
Street: 2 Clarkes Lane
Town: Merton
Postcode: EX20 3EF
Installation Details
Items: 3 doors
Certificate Issued: 02/03/2025
Work Completed: 13/02/2025
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
55% since 2018
| Event | Date | Price | % change |
|---|---|---|---|
| Sold | 13/08/2021 (4 years ago) | £247,000 | +49.7% |
| Sold | 06/03/2020 (6 years ago) | £165,000 | +3.4% |
| Sold | 08/11/2018 (7 years ago) | £159,500 | — |
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 |
|---|---|---|---|
| 1 CLARKES LANE, MERTON, OKEHAMPTON, TORRIDGE, DEVON, EX20 3EF | £280,000 | 09/09/2021 | Semi-detached |
Area average: £280,000 (1 sale)
Capital growth trend
Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).
House Price Index (HM Land Registry — official index, not sold-price averages): Torridge. Series: Semi-detached. As of March 2026.
Rental Range
Estimated market rent for Torridge. Low = conservative, Realistic = average, Optimistic = best case.
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 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 |
|---|---|---|---|
| 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 — 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).