Compton is only 5 mins away from me. It is a peaceful village and with transport easy to get to attractions.
Nearby you have The Churh house Inn for good food and The Smokey (which does a lovely carvery).
An espeaially good eating pub is The Court Farm - Abbotskerswell (very near too
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Paignton zoo is only a 10 min drive away from there, as are the beaches. Preston beach is nearest for you.
Your nearest town is Paignton and from here you can catch the Paignton and Dartmouth Steam Railway for your trip in Dartmouth. The children will like the trip and the scenery is lovely.
Torquay is a 15 min max drive and here you can visit The Model Village in Babbacombe and Kents Cavern in Wellswood.
Paignton also has a Brewers Fayre and Wacky Warehouse suitable for the little ones.
Lots more places to visit and see. Any more help please ask.