Ridgegrove Lane, Launceston, PL15
South West
£280,000
Listed on 28/07/2026
Listed on 28/07/2026
The listing
Property details
Bedrooms
3Type
Detached BungalowArea
1153 sqftFeatures
- Garden
- Parking
Description
This detached dormer bungalow offers an excellent opportunity for those looking to invest or create their dream home in a desirable location. Situated on Ridgegrove Lane near Launceston, the property requires comprehensive modernization, presenting a blank canvas for developers and homeowners alike. With a spacious layout currently featuring up to three bedrooms, you have the potential to reconfigure the space into an open-plan living area that is perfect for modern lifestyles.
The ground floor includes welcoming entry and living spaces with easy potential for integration, complemented by two versatile bedrooms and a conveniently located shower room. The first floor features a generous master bedroom awaiting your personal touch, plus an additional bathroom.
Set on a large plot with wraparound gardens, there is ample room for landscaping or creating outdoor spaces tailored to your needs. The property also benefits from off-road parking via a private driveway. This unique offering blends semi-rural serenity with close proximity to Launceston's amenities, making it an ideal prospect for transformation into a contemporary family home.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
54out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £280,000, this detached dorma bungalow is priced around 10% below the local average per square foot, making it a relatively cheap entry point for a buyer looking to create value. The generous plot, driveway and covered carport add to the appeal, while the adjoining lounge and dining area offer scope to rethink the living space, subject to feasibility.
There is a clear medium-scale project here: the shown interiors are dated, the living-room walls have conspicuous discolouration and peeling or missing finish, and the garden is heavily overgrown. The two wet rooms and kitchen also offer room for modernisation. The main caveat is that purchase and works costs look tight against local benchmarks, so the below-average price is an opportunity, but not by itself a guarantee of a strong margin.
Key opportunities
- Modernise the dated interiors, including the kitchen and two wet rooms, and refresh the living-room finishes.
- Clear and landscape the overgrown garden to make better use of its wraparound space.
- Explore a more open connection between the adjoining lounge and dining area, subject to structural feasibility.
Key risks
- The scope across several areas could require careful coordination and contingency planning to keep the project on budget and programme.
- The cause of the living-room wall discolouration and peeling or missing finish is not evident and should be investigated.
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Transport
Nearest stations
Gunnislake Rail Station
10.8 miles
Train · Gunnislake
Calstock Rail Station
12.1 miles
Train · Calstock
Bere Alston Rail Station
13.0 miles
Train · Bere Alston
Liskeard Rail Station
14.4 miles
Train · Liskeard
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£1,144
Based on a loan of £210,000 over 30 years at 5.13% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
-6.7% since listed
£280,000£10,000(-3.4%)
29/10/2026£290,000£10,000(-3.3%)
09/09/2026£300,000Initial listing
29/07/2026Services
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