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Lezant, Launceston

South West

£165,000

Listed on 15/10/2026

The listing

Property details

Bedrooms
3
Type
House

Description

This charming three-bedroom detached cottage is located on the outskirts of Lezant, offering a tranquil village setting with stunning countryside views. While the property requires updating and renovation, it presents a fantastic opportunity for those looking to create their ideal home. The accommodation includes an entrance porch, a living room, a home office, and a kitchen, along with a lean-to that adds additional utility. Upstairs, you'll find three bedrooms and a bathroom, making it suitable for families or those needing extra space. The property benefits from off-road parking and several outbuildings, enhancing its appeal for storage or potential development. With gardens at both the side and rear, there is ample outdoor space to enjoy the picturesque surroundings. Being grade II listed adds character and historical significance to this property, which is being sold with no onward chain.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

49out of 100
Grade ELow opportunity

Confidence: LOW

This 3-bedroom detached cottage in Penscombe Cross presents a unique opportunity for those looking to invest in a renovation project. With character features and a peaceful village setting, the property boasts off-road parking and outbuildings, all with scenic views of the countryside. However, it shows signs of wear and requires significant updating throughout, including the living spaces and exterior.

The property is listed at a guide price of £165,000, but the lack of specified floor area means we cannot assess its value against local £/sqf metrics just yet. The renovation range of £40,000 to £80,000 suggests a medium project scale, allowing for substantial improvements to create a more modern living environment while preserving its character. This is a canvas for someone with vision, ready to transform a dated property into a charming home.

Key opportunities

  • Character features that can be preserved and enhanced during renovation
  • Potential to develop gardens and outbuildings into functional spaces
  • Scope to modernize dated interiors and improve overall living space

Key risks

  • Overall condition shows signs of wear, requiring substantial renovation effort
  • Potential damp and structural issues may need careful assessment during works

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Map

Location

Lezant, Launceston
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£623
Based on a loan of £123,750 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.

Tax

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Indicative tax based on the asking price and the options you select.

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