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See how verdicts work4-bedroom detached house · PL15 7QF
Listing removedListed 529 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 £318,250 based on an average saving of 33%.
Market Value Price: £475,000 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 £475,000, please contact the estate agent Webbers.
Property description The Old School House will be found on the edge of the thriving village of Lewannick close to the local shop, pub, church and primary school.
It is allowed convenient access to the A30 dual carriageway.
This detached stone house was thought to have been built around the 1860's and still has many of the original features such as the flag slate floors to some of the ground floor.
The ceilings are high and the windows, now UPVC glazed, are also large and numerous, so creating a light and spacious home. The rear elevation enjoys far reaching countryside views.
On entering via a small front porch leading into the hallway with a flight of stairs ascending to the two floors above.
The dual aspect sitting room has plenty of space for comfortable furniture and a feature fireplace provides a focal point to the room.
The formal dining room, across the hall is also dual aspect and has a character feature fireplace and plenty of room for dining furniture or this room could be used as a home office or play room.
The kitchen runs along the rear of the house. There are plenty of light coloured units situated both above and below a granite working surface.
The dishwasher and electric cooker with extractor fan over will all be included within the sale.
This room opens out into a generous conservatory that provides the perfect vantage point to admire the enclosed garden and views.
A small utility room has plumbing and space for a washing machine and tumble dryer and allows access to the cloakroom/WC and the rear external door to the garden.
Upstairs, from the first landing access is allowed to the smallest of the four bedrooms and a generous family bathroom which enjoys a double glass screened shower and a separate bath.
The spacious top landing leads to three double bedrooms, the larger room is fitted with matching wardrobes.
Outside, to the front there is plenty of space for numerous vehicles to park, along with access to a detached single garage.
A timber gate leads into the large rear garden which, borders farmland and is mainly laid to lawn with some established planting and a paved patio area close to the house.
This accommodation would suit buyers looking for a substantial family home or a couple who are looking for extra rooms to enjoy their hobbies or working from home.
The property is currently successfully being run as a holiday let.
A short distance away there are many village amenities to include a Parish Church, County Primary School, Public House/Restaurant and Village Hall.
The ancient former market town of Launceston lies approximately 6 miles away and boasts a wider 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 Old School House Callington Road, Lewannick Launceston Cornwall, Launceston
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