Woody Bay, on the north Devon Coast, not quite a settlement, but worth mentioning I think.
When the Lynton & Barnstaple Railway opened in 1900, the cove was called Wooda Bay and the corresponding station was also named Wooda Bay (despite being 1.5 miles away and, in true L&B fashion, about 600ft higher up.) In 1901 the railway decided that ‘Woody Bay’ would be more marketable and therefore changed the name of the station, and correspondingly the landowner changed the name of the cove and nearby pier. However it was all to fail as the location never made any progress as the resort, the landowner ended up bankrupt and in debtors prison for 12 years and the L&B was closed in 1935.
The cove, however, is still now called Woody Bay.