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North Hill, Launceston

South West

£625,000
Listed on 02/04/2026

Property Details

Bedrooms
5
Type
Detached Bungalow
Area
2239 sqft

Description

Nestled in the charming village of North Hill, renowned for its stunning natural surroundings, this substantial detached bungalow from the 1970s presents a unique opportunity for renovation or investment. While the current owners have made significant updates—including a garden room addition, modern kitchen upgrades, and an en suite bathroom—there remains ample potential for further enhancement. The property features a welcoming entrance hall that leads into a spacious lounge with dual aspect windows and a cozy stone fireplace, flowing seamlessly into a well-equipped kitchen/dining area. With five bedrooms and two bathrooms, including an impressive master suite, this home offers generous living space that could be reconfigured to suit modern needs. Outside, the expansive grounds boast a resin driveway providing ample parking alongside established gardens featuring ornamental ponds and views over rural landscapes. Moreover, there's an enticing clause enabling future extension or annexe development within the property boundaries—ideal for families seeking more space or investors looking to capitalize on the area's appeal. This property is serviced by mains utilities and oil-fired central heating with underfloor heating in key areas, enhancing its comfort value as you consider possible renovations.

Investment Analysis

(PL15 area)

Above Market Value

This property is priced +4.2% above area average per sq ft

+4.2%
This Property
£279/sq ft
Area Average
£268/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£659,811
10% above area average per sq ft
Potential ROI
-6.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PL15)

Area prices are falling by -2.5% over the last 12 months
3 year growth: -1.1%
5 year growth: +10.7%
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

North Hill, Launceston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,214
Based on a loan of £468,750 over 30 years at 3.91% 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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