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Polyphant, Launceston

South West

£350,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1246 sqft

Description

This detached bungalow presents a valuable opportunity for renovation and investment, situated on an expansive plot of approximately 0.3 acres. While the property requires modernization throughout, it provides a blank canvas for buyers looking to capitalize on its potential. The home has not changed hands in over 40 years and is being offered without onward chain, allowing for a straightforward acquisition process. Nestled in a peaceful area just off the picturesque village green of Polyphant, this property benefits from a tranquil setting while remaining conveniently close to local amenities. Within walking distance, residents can access a village shop, GP surgery, and Methodist Chapel. For more extensive services, the nearby village of Lewannick offers additional shops, a public house, primary school, and post office. Notable attractions such as The Rising Sun pub and Trethorne Hotel and Golf Club are located just a short drive away. Internally, the bungalow features well-proportioned living spaces that are ready for customization. A welcoming hallway leads to a dual-aspect sitting/dining room with a decorative stone fireplace as its focal point. The kitchen includes space for appliances and opens directly onto the rear terrace and garden—ideal for outdoor entertaining or gardening enthusiasts. Three generous double bedrooms provide built-in storage, while the accommodation is complete with a bathroom featuring both shower and bath facilities. Externally, the property is accessed via a gated driveway that accommodates multiple vehicles alongside the detached double garage equipped with power supply. The surrounding gardens offer further scope for landscaping or expansion. With essential services like mains electricity, water, drainage, and oil-fired central heating already in place, this bungalow provides an excellent foundation for personalization or resale after improvements are made. Additionally, broadband availability adds modern convenience to this appealing location. Overall, this property not only offers ample living space but also significant renovation potential in a desirable village setting—making it an attractive prospect for investors or those looking to create their dream home.

Investment Analysis

(PL15 area)

Above Market Value

This property is priced +5.9% above area average per sq ft

+5.9%
This Property
£281/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£363,620
10% above area average per sq ft
Potential ROI
-11.3%
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

Polyphant, 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
£1,282
Based on a loan of £262,500 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