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See how verdicts work2-bedroom bungalow · PL15 9BD
For saleReduced £6.8k (−3.7%) on 27 JulListed 217 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
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 £184,250 based on an average saving of 33%.
Market Value Price: £275,000 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 £275,000, please contact the estate agent Webbers.
Property description Birdwood, 39 Race Hill, is situated in a very convenient location both close to the town and the edge of town supermarkets and further amenities.
It has benefited from a recent refurbishment. Our vendor has worked hard to bring the 1950?s built bungalow up to date without loosening its charm.
New flooring has been laid and oak veneered interior doors have been installed.
The bathroom is now a modern tiled shower room with a spacious walk in shower having a large glass screen, a white WC and hand basin. Some of the lights have been changed to down lighters.
The mains gas central heating boiler was replaced about four years ago. All the internal walls and ceilings are painted white forming a blank canvas for any buyers to add their own mark.
On entering via the front, a flight of steps ascends from the pavement to a well stocked garden.
Going inside via a useful small porch into the hallway which has doors to all rooms including an airing cupboard which houses the gas fired boiler.
The living room enjoys the extra seasonal heat from a main gas fire set into the chimney breast. A separate dining room could become a double sized third bedroom if required.
The kitchen enjoys an array of light wood effect cupboards situated both above and below a roll top working surface.
The gas cooker is included within the sale and there is space for an under counter fridge and plumbing for a washing machine, both items could be included if required.
The two double bedrooms are served by the tiled shower room/WC. Outside, the rear garden is slightly sloping and laid to lawn with some mature planting. There is a useful store.
Parking is s provided by a single garage and the recently resurfaced drive could accommodate about three cars. It is accessed via a shared private road.
This bungalow would suit a family needing to be close to the schools and shops or more senior buyers who would enjoy single level internal accommodation.
The property is situated close to the ancient town centre of Launceston. Launceston has a range of educational, recreational, commercial and leisure facilities, as well as a Norman Castle.
Nearer to the property is the Tesco Superstore, Retail Park, Launceston College, Coronation Park and the Leisure Centre.
The town lies adjacent to the A30 dual carriageway 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.
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 asking
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 Birdwood 39 Race Hill, Launceston Cornwall, Cornwall
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