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Launceston, Cornwall

South West

£300,000

Listed on 21/06/2026

Property Details

Bedrooms
3
Type
Detached
Area
1121 sqft

Description

Nestled on the outskirts of Launceston, this traditional 1960s detached bungalow presents a promising renovation opportunity. The property is conveniently located near local amenities, including supermarkets, healthcare facilities, and recreational clubs. With easy access to the A30, commuters can reach Exeter and Truro with minimal hassle. The bungalow features a functional layout that includes three bedrooms, a spacious lounge/dining area with a coal-effect gas fire, and a sunroom overlooking the expansive rear garden. While the interiors would benefit from cosmetic upgrades, there is significant potential for enhancement to suit modern standards. Notably, the large loft offers possibilities for conversion into additional living space (subject to planning permissions). Outside, the extensive plot of approximately 0.315 acres includes a rear garden adorned with mature shrubs and an ornamental pond, alongside multiple parking options and garage facilities. This property invites creative vision for those looking to invest in a family home or rental opportunity in a desirable location.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -1.0% below area average per sq ft

-1.0%
Potential saving
This Property
£268/sq ft
Area Average
£270/sq ft
Avg Rent (weekly)
£260
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£333,184
10% above area average per sq ft
Potential ROI
+2.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PL15)

Area prices are falling by -5.0% over the last 12 months
3 year growth: -3.0%
5 year growth: +4.6%
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

Launceston, Cornwall
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,133
Based on a loan of £225,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

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