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Coads Green, Launceston, Cornwall, PL15

South West

£250,000
Listed on 05/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1378 sqft

Description

This three-bedroom bungalow offers a unique opportunity for renovation and investment, set on just over 5 acres of gently sloping pasture in a peaceful rural area. Built in the 1970s using non-traditional pre-cast reinforced concrete construction, the property is ripe for modernization and improvement to unlock its full potential. With stunning moorland views of Bodmin Moor, it features an existing Nissen hut which provides valuable storage space or potential conversion. The internal layout consists of a hallway leading into a sitting room with double aspect windows and an open fire, alongside a functional kitchen equipped with storage units and oil-fired Rayburn. The bungalow also has three bedrooms, a separate WC, and a bathroom needing updates. External spaces include gardens on three sides, level lawns with flower borders, and ample access to the surrounding land. With the added benefit of lawful occupancy without agricultural restrictions as certified by Cornwall Council, this property is particularly appealing for those looking to invest in rural living while making their mark through thoughtful renovations.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -32.0% below area average per sq ft

-32.0%
Potential saving
This Property
£181/sq ft
Area Average
£267/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£404,491
10% above area average per sq ft
Potential ROI
+39.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (PL15)

Area prices are falling by -4.9% over the last 12 months
3 year growth: -4.9%
5 year growth: +7.5%
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

Coads Green, Launceston, Cornwall, PL15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£902
Based on a loan of £187,500 over 30 years at 4.06% 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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