# 3 bedroom semi-detached house for sale (EX20 3EF) ## Property Details | Key | Value | |-----|-------| | Address | MOORVIEW, CLARKES LANE, OKEHAMPTON, MERTON, DEVON EX20 3EF | | Price | £325,000 | | Bedrooms | 3 | | Bathrooms | 2 | | Construction age | England and Wales: before 1900 | | Floor area | 134 m² | | Last sold | £322,000 Sep 2020 | ## EPC Rating & Upgrade Cost - **Current rating:** D - **Potential rating:** C - **Current heating cost:** £1,234/year - **Est. upgrade cost to C:** £29,500 ### Recommendations - Q (£4,000 - £14,000) - W (£800 - £1,200) - G (£350 - £450) - I (£2,200 - £3,000) - N (£4,000 - £6,000) - U (£9,000 - £14,000) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9238-6090-7262-1594-8910) ## 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. ## Property Photos - ![Picture No. 30](/listings/photos/85298363/637848) - Picture No. 30 - ![Picture No. 31](/listings/photos/85298363/637849) - Picture No. 31 - ![Picture No. 16](/listings/photos/85298363/637850) - Picture No. 16 - ![Picture No. 09](/listings/photos/85298363/637851) - Picture No. 09 - ![Picture No. 08](/listings/photos/85298363/637852) - Picture No. 08 - ![Picture No. 34](/listings/photos/85298363/637853) - Picture No. 34 - ![Picture No. 13](/listings/photos/85298363/637855) - Picture No. 13 - ![Picture No. 10](/listings/photos/85298363/637856) - Picture No. 10 - ![Picture No. 11](/listings/photos/85298363/637858) - Picture No. 11 - ![Picture No. 12](/listings/photos/85298363/637860) - Picture No. 12 - ![Picture No. 14](/listings/photos/85298363/637862) - Picture No. 14 - ![Picture No. 15](/listings/photos/85298363/637863) - Picture No. 15 - ![Picture No. 32](/listings/photos/85298363/637865) - Picture No. 32 - ![Picture No. 24](/listings/photos/85298363/637867) - Picture No. 24 - ![Picture No. 21](/listings/photos/85298363/637869) - Picture No. 21 - ![Picture No. 22](/listings/photos/85298363/637871) - Picture No. 22 - ![Picture No. 23](/listings/photos/85298363/637873) - Picture No. 23 - ![Picture No. 20](/listings/photos/85298363/637875) - Picture No. 20 - ![Picture No. 26](/listings/photos/85298363/637877) - Picture No. 26 - ![Picture No. 27](/listings/photos/85298363/637879) - Picture No. 27 ## Floorplans - ![Floorplan](/listings/photos/85298363/637880) - Floorplan ## EPC Graphs - ![EPC Rating Graph](/listings/photos/85298363/637883) - EPC Rating Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | MOORVIEW CLARKES LANE, MERTON, OKEHAMPTON, TORRIDGE, DEVON, EX20 3EF | £322,000 | 23/09/2020 | Terraced | | MOORVIEW CLARKES LANE, MERTON, OKEHAMPTON, TORRIDGE, DEVON, EX20 3EF | £242,500 | 19/10/2015 | Terraced | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £262,284 (19 Semi-detached, EX20, 2024–2026) - **Deviation:** +23.9% ## Rental Range *ONS Price Index of Private Rents (Torridge). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £708/mo - **Realistic:** £787/mo - **Optimistic:** £866/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Exeter (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £947/mo ## 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)** ## 1% Rule - **Rent ratio:** 0.34% (weak for cashflow) - **Max investor price (0.8%):** £137,500 - **Target investor price (1%):** £110,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,100/mo).* - **Gross yield:** 4.1% - **Cost-to-rent:** 24.6× - **Monthly cashflow:** £-315/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -4% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).* ## Price per Square Metre - **£/m²:** £2,425/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 6.1% - **10y growth:** 48% ## House Price Index (HM Land Registry) *Official index for Torridge; Semi-detached series; as of March 2026.* - **1y growth (index):** 0.5% - **5y growth (index):** 17.5% - **10y growth (index):** 38.4% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)