There was a big fly-in and vintage car rally there a couple of weeks ago -- good fun with 100+ aircraft in. The strip is long and thin, running parallel to the coast which means you can get crosswinds from sea breezes. Also, beware of mist. Branscombe can be fogged in, when Farway Common, just inland, is quite flyable. More details on the Devon Strut website.
The beach is a fair distance away downhill. Very pretty place, though.
QDM