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See how verdicts work2-bedroom terraced house · PL15 7JB
For saleReduced £3.3k (−2.7%) on 27 SepListed 384 days
Opportunity summary
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About
Over 60s can secure this property with a Home For Life from Homewise Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future.
The cost to purchase the Lifetime Lease is always less than the full market value. Over-60s customers typically save between from 20% To 50%*.
Home for Life Plan guide price for Over-60s The Lifetime Lease price for this property is £120,500 based on an average saving of 33%.
Market Value Price: £180,000 The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard.
The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.
For an indication of what you could save, please use our calculator on the Homewise website.
Please call for more information or a personalised quote Please note: Homewise do not own this property and it is not exclusively for sale for the over-60s.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you are not over 60 or would like to purchase the property at the full market value of £180,000, please contact the estate agent Webbers.
Property description 3 School Hill is situated within a tucked away position overlooking the Church and historic graveyard, close to the village hall and carpark.
This pretty cottage is central to a row of four similar homes thought to have been built during the 1800's.
It has been within the ownership of the same family for nearly thirty years and now comes to the market with no onward chain.
Inside, as you step through the front door into the living room you see the exposed stone of a working inglenook fireplace with an original clome oven, along with a wood burning stove which provides the seasonal warmth and heating to the property, along with some wall hung electric heaters.
Original slate floors are in place both within the living room and kitchen. The compact kitchen is fitted with a selection of pine fronted units and light coloured working surface.
The electric oven, electric hob and extractor fan above, along with the fridge freezer and washing machine are included within the sale.
Some of the other furniture within the cottage could be included too. A large sunroom is currently used as a dining room and leads out via French style doors to the rear garden.
Upstairs, both the bedrooms are double in size and there is a tiled shower room which benefits from the natural light of a skylight window.
Most of the interior doors are made of solid wood with traditional thumb catches. Nearly all the windows are fitted with UPVC double glazing.
The rear garden is enclosed with timber fencing and is mainly laid to lawn with a small patio area and mature planting.
The village of South Petherwin is situated two miles South of Launceston and boasts a range of village amenities including a County Primary School, Parish Church, Methodist Chapel and a Public House.
A mobile Post Office visits the village weekly.
The ancient former market town of Launceston boasts a range of shopping, commercial, educational and recreational facilities and lies adjacent to the A30 trunk road giving access to Truro and West Cornwall in one direction and Exeter and beyond in the opposite direction.
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
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FAQ
About 3 School Hill, South Petherwin Launceston Cornwall, Launceston
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