3-bedroom bungalow · PL22 0QE
For saleListed 35 days
Opportunity summary
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About
Three bedroom detached bungalow, lerryn, no onward chain This property is for sale by Traditional Auction. The buyer and seller must Exchange immediately, and Complete 28 days thereafter.
Interested parties personal data will be shared with the Auctioneer (iamsold). The buyer pays a non-refundable deposit of 10% of the purchase price upon exchange. A Buyer Information Pack is provided.
The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Offered with no onward chain, this three bedroom detached bungalow occupies a stream side corner plot within a small, quiet cul-de-sac development on the edge of the popular village of Lerryn.
The entrance door opens into the hallway, leading through to the lounge, which enjoys an open fireplace with hearth and mantel and bay window to the rear taking in views of the surrounding countryside.
The kitchen/diner is fitted with a matching range of wall, base and drawer units, space for an electric cooker, and leads through to the conservatory with views over the the garden.
The utility room houses the oil fired boiler and space for appliances. There are three double bedrooms.
The master is a dual aspect room with windows to the front and side, and benefits from its own en suite shower room.
Bedrooms two and three both enjoy countryside views to the rear, and are served by a well-appointed shower room.
Outside, a tarmac driveway provides parking for several vehicles, with a pedestrian gate leading through to the gardens, predominantly laid to lawn with mature trees and hedge borders, and a stream running along the lower boundary.
The detached garage offers light, power and water.
Location Lerryn sits at the head of a creek on the the River Lerryn, part of the Fowey Estuary, and offers a Primary School, village shop, village hall and the popular pub.
There is easy access onto the river for boating enthusiasts, along with walks along the river banks. The nearby town of Lostwithiel offers a wider range of shopping and public services.
Agent's note The property is of non-traditional construction (Cornish Unit), built in 1979.
Interested parties are advised to make their own enquiries as to its suitability for mortgage lending purposes.
What we love No onward chain Stream-side corner plot in a quiet cul-de-sac Countryside views from the lounge and two bedrooms Master bedroom with en suite shower room Conservatory overlooking the garden Detached garage with light, power and water Driveway parking for several cars Sought after riverside village with pub, shop and school Disclaimers Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we ask for your co-operation to ensure there is no delay in agreeing the sale.
These particulars do not constitute part or all of an offer or contract.
Measurements are supplied for guidance only and must not be relied upon as accurate; prospective buyers are advised to verify all measurements independently before committing to any expense.
Karen Trace has not tested any apparatus, equipment, fixtures, fittings or services, and it is in the buyer's interest to check the working condition of all appliances.
Karen Trace has not sought to verify the legal title of the property; buyers must obtain verification from their own solicitor. Some photographs may have been virtually staged for marketing purposes.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About The Orchard,1, Lostwithiel
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