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The Orchard, Launceston PL15

South West

£375,000
Listed on 04/04/2025

Property Details

Bedrooms
3
Type
Detached house
Area
957 sqft

Description

This detached bungalow offers a flexible layout with three bedrooms and the potential for a fourth, situated in a picturesque village setting. With generous living spaces throughout, the property is ideal for those looking to invest in renovations that can significantly enhance its value. Although some modernisation is required, this presents an excellent opportunity for buyers to tailor the home to their tastes and maximize its potential. Inside, the layout features an entrance hallway that connects to the main living areas, including a sizable living room with sliding patio doors that open up to the rear garden. The kitchen has ample base and eye-level units, as well as space for additional appliances in the adjacent utility area. The bathroom includes a large walk-in shower and modern fixtures. Each of the three bedrooms provides comfortable accommodation with built-in storage solutions. Externally, the property is set on a substantial plot with both front and rear gardens. The front garden is landscaped with established shrubs, while the rear garden offers additional outdoor space that could be transformed into an inviting retreat or recreational area. A detached garage and parking for four vehicles at the front further enhance convenience. Located in Petherwin Gate, approximately six miles from Launceston, residents can enjoy easy access to local amenities while retaining a sense of rural tranquility. The surrounding areas boast stunning countryside views and are within reach of Bodmin Moor and Dartmoor National Park for outdoor enthusiasts. Moreover, major transport links such as the A30 are nearby, providing swift connections to both Cornwall and Devon. This bungalow not only presents significant renovation potential but also serves as an appealing investment opportunity in a region known for its natural beauty and community charm. Viewing is recommended to fully appreciate what this property has to offer in terms of both space and potential.

Investment Analysis

(PL15 area)

Above Market Value

This property is priced +47.7% above area average per sq ft

+47.7%
This Property
£392/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£279,281
10% above area average per sq ft
Potential ROI
-34.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PL15)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -3.1%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on PL15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Orchard, Launceston PL15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,374
Based on a loan of £281,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE