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The Old School House, Merrymeet, Liskeard

South West

£650,000

Listed on 28/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
6490 sqft

Description

Situated on approximately 0.45 acres of well-maintained grounds, The Old School House presents a unique opportunity for renovation enthusiasts and investors looking to enhance a character-filled period property. Originally constructed in 1842 as a church and school, this non-listed residence marries historical charm with the flexibility for modern updates, making it ideal for family living while providing ample room for personalisation. With around 2,853 sq ft of living space, the layout is both spacious and versatile—perfect for entertaining or everyday life. The living areas feature beautiful exposed beams and large windows that invite natural light and frame the picturesque garden views. One of the standout features is the striking barn-style extension which houses an indoor swimming pool—an amenity that not only elevates lifestyle but also presents a potential focal point for renovations. While there are certainly existing character elements worth preserving, such as original fireplaces and timber floors, certain areas may benefit from renovation to modernise systems or improve functionality. The upstairs provides generous bedroom accommodation, including a principal suite complete with an ensuite bathroom and dressing area. This space could be reimagined into luxurious retreats with additional bathrooms or walk-in closets. Externally, the gardens are meticulously landscaped; however, they offer room for further development—whether expanding entertainment spaces or creating additional privacy through planting. Despite its age and inherent charm, owners will appreciate that this home is not listed, providing broader scope for alterations subject to necessary approvals. Given its setting in Merrymeet's tranquil countryside yet close to amenities, this property promises not just a home but an investment with significant potential.

Investment Analysis

(PL14 area)

Below Market Value

This property is priced -63.0% below area average per sq ft

-63.0%
Potential saving
This Property
£100/sq ft
Area Average
£271/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,933,598
10% above area average per sq ft
Potential ROI
+151.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PL14)

Area prices are falling by -6.9% over the last 12 months
3 year growth: -4.7%
5 year growth: +5.9%
Investment Disclaimer: Analysis based on PL14 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 Old School House, Merrymeet, Liskeard
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,319
Based on a loan of £487,500 over 30 years at 3.97% 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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