Sold STC Semi-detached

MOORVIEW

CLARKES LANE, OKEHAMPTON, MERTON, DEVON EX20 3EF

3 beds 2 baths 1,442 sq ft Listed 1 Oct 2019 (-2442d)

£325,000

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Property details

Tenure

FREEHOLD

Floor area

134 m²

EPC rating

D

Year built

England and Wales: before 1900

Last sold

£322,000 Sep 2020

Price per m²

£2,425/m²

Local average

£262,284 (+23.9%)

Deprivation

Decile 4 (10,194 of 33,755)

Street crime

0 incidents within 1 mile (Mar 2026)

Key features

  • Annex potential
  • Recently refurbished and immaculately presented
  • Three bedrooms
  • Living room with log burning stove
  • Separate Sitting room or fourth bedroom
  • Large farmhouse style kitchen
  • Ample storage throughout
  • Two bathrooms
  • First floor balcony
  • Enclosed garden

Additional details

Parking
Yes
Garden
Yes

Description

Quite simply put, a beautifully presented period home in the heart of a pretty North Devon village. Lovingly improved to enhance the character of yester year yet providing a more contemporary feel with a modern decoration and clean lines. The property offers flexible accommodation, providing three or four bedrooms.

You enter the property into the large kitchen diner, a real central hub of the house and a great place to entertain friends and family. The kitchen follows a farmhouse style with wood panelling, shelving, plate racks and an area for a large dining table with bench seating. To one end of the kitchen is a cosy sitting room (which could double as a fourth bedroom), a nice space to unwind and contemplate the day gone by. The other end there is a large utility / store room and a door into the stairway following on from which is a handy boot / Laundry room. The ground floor bathroom leads on from here and completes the tour.

Moving upstairs you will find yourself entering the light, spacious and airy living room, a super space for the family to congregate and converse. There is a log burning stove at the far end for those cosy winter evenings and a door leading out onto the balcony, which enjoys on sunny days the sun late into the evening and also provides lovely views of the garden and countryside beyond. You may even find yourself enjoying a glass of something whilst doing so. A door then leads out of the living room and onto the landing where access is then gained into all the remaining rooms. There are three good sized bedrooms so plenty of space for the family to expand. From the third bedroom there is a staircase that takes you up into the roof space so no need for perching precariously on ladders to get into the loft. At the far end of the landing is a newly refurbished bathroom with a white three piece suite and a heated towel rail which then completes the tour of the first floor.

The cottage is double glazed and services by oil fired central heating and mains drainage. This is a super opportunity to purchase a just move into home or holiday retreat for the family. Don’t miss out, book your viewing tour today.



Directions
From Torrington proceed in a southerly direction on the A386 signposted Hatherleigh/Okehampton across the river bridge and up mile hill the other side. Continue on this road for some four and a half miles before entering the village of Merton. Pass the garage, Maltscoop public house and the village square on your right hand side where after a very short distance turn right onto Clarkes Lane. Moorview can be found on your right hand side after two white cottages.

Listed by

Torrington

Bond Oxborough Phillips

Reference: 85298363

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: C

Inspection date: 17/02/2014

Current heating cost: £1,234/year

Potential heating cost: £745/year

Est. upgrade cost to C: £29,500

Recommendations

  • 50 mm internal or external wall insulation (£4,000 - £14,000)
  • Floor insulation (£800 - £1,200)
  • Upgrade heating controls (£350 - £450)
  • Replace boiler with new condensing boiler (£2,200 - £3,000)
  • Solar water heating (£4,000 - £6,000)
  • Solar photovoltaic panels, 2.5 kWp (£9,000 - £14,000)

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

Price history

33% since 2015

Event Date Price % change
Sold 23/09/2020 (5 years ago) £322,000 +32.8%
Sold 19/10/2015 (10 years ago) £242,500

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).

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: £947/mo (Apr 2025 – Mar 2026)

Location

Nearby

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

Type Name Distance
Shop Merton Garage 0.2 miles
Bus stop Unknown 2.7 miles
Shop HE Infusion UK 2.7 miles
Hospital Torrington Community Hospital 4.9 miles
Train station Portsmouth Arms 7.9 miles
Train station Kings Nympton 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 0.1 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 2.7 miles Good — 10 Sep 2024
Marland School Other 3.1 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
3 Bed Detached House, Towell Cottage, EX20 £1,100/mo 3 1.07 miles OpenRent

Average rent: £1,100/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.34%
Max investor price (0.8%) £137,500
Target investor price (1%) £110,000
Gross yield 4.1%
Cost-to-rent ratio 24.6×
Monthly cashflow £-315/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -4%
  • 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).