In 1930, the headmistress of Clovelly-Kepplestone, a well-established boarding school for girls, referred to "heavy financial losses experienced by schools in the past few years". In 1930, this school was forced to merge its junior and senior departments; in 1931, one of its buildings was sold off, and in 1934 the school closed altogether. Finally, indicative of the changes that would later befall many of the larger buildings in the town, the school was demolished to make way for a block of flats, which was completed in 1939.
