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Lezant, Launceston

South West

£250,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached cottage exudes character and is nestled in a serene edge-of-village location, with open countryside just steps away. While the property requires updating and renovation, it presents an excellent opportunity for investment and personalization, allowing you to create a home that reflects your style. The layout includes a welcoming entrance porch that leads into a cozy living room, providing a charming space for relaxation. A dedicated home office offers versatility, ideal for remote work or study, while the kitchen provides functional space with potential for modern updates. Adjacent to the main living area, a lean-to expands the utility of the home and is ripe for creative enhancements. Upstairs, you'll find three bedrooms along with a bathroom, accommodating family living or guests comfortably. The side and rear gardens feature several outbuildings and sheds that can serve various purposes—whether storage or workshop space—while offering expansive views over the adjacent fields. As a Grade II listed property, this cottage carries historical significance and charm. Its designation ensures careful consideration during any renovation efforts but also means it has unique protection that can enhance its value over time. The absence of an onward chain simplifies the buying process, making this property an appealing prospect for buyers looking to invest in something special. With off-road parking available, this home combines convenience with the tranquility of rural life. The potential here is significant; whether you're looking to renovate for personal use or as an investment opportunity in a desirable location, this cottage is ready for someone to unlock its full potential.

Investment Analysis

(PL15 area)
Area Average
£265/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Lezant, Launceston
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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
£916
Based on a loan of £187,500 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