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Launceston, Cornwall PL15

South West

£300,000

Listed on 20/06/2026

Property details

Bedrooms
3
Type
Detached
Area
1121 sqft

Description

Situated on the outskirts of Launceston, this detached bungalow offers a prime opportunity for renovation and improvement. The property, constructed in the 1960s, presents a solid foundation for those looking to modernize a traditional home. Inside, the layout comprises an entrance hall leading to a cloakroom, a spacious lounge/dining room with a coal-effect gas fire, and an adjoining sunroom that opens onto the rear garden. The kitchen/breakfast area features a range of units and has ample space for appliances, yet it could benefit from contemporary updates. The accommodation includes three bedrooms with two offering built-in wardrobes and pleasant views over the gardens. There is significant potential to convert the sizable loft space into additional living areas, subject to planning permissions. Externally, parking is available for multiple vehicles alongside both a detached garage/workshop and an attached garage with power supply. The rear garden is expansive at approximately 0.315 acres, showcasing established flora including apple and pear trees, ornamental features like a pond and summer house, as well as productive vegetable beds. This property not only provides comfortable living but also presents an excellent investment opportunity for those willing to embark on renovations or enhancements to tapped potential.

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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
£30,000 - £50,000
Target Value
£333,184
10% above area average per sq ft
Potential ROI
-4.8%
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 PL15
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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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