3-bedroom terraced house · PL15 9GS
Listing removedListed 540 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 £160,750 based on an average saving of 33%.
Market Value Price: £240,000 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 £240,000, please contact the estate agent Webbers.
Property description This very well presented, modern home was constructed by local developers during 2021 and is conveniently placed on the edge of Launceston town and within walking distance of a newly built primary school along with shops and other facilities.
Inside, the ground floor is open plan with a wood effect floor laid throughout. Our vendors have added extra cupboards and matching worktop to the generous kitchen area.
The integrated electric oven, gas hob, fridge freezer, dishwasher and washing machine are to be included within the sale.
There is also plenty of space for a dining table and chairs along with more comfortable furniture. There is access to the ground floor cloakroom/WC and patio doors opening to the rear garden.
The first floor hosts three bedrooms with the master bedroom enjoying the exclusive use of a tiled en-suite shower room.
The other two bedrooms are served by the family bathroom which enjoys a shower and screen over the white matching bath. The home is heated by mains gas central heating and is double glazed throughout.
Outside, the rear garden is set out over three levels and is enclosed by timber fencing. Our vendors have established some raised beds for vegetable planting.
A sun house provides a perfect vantage point to sit and enjoy the garden during all weathers.
The property is conveniently situated within a popular edge of town development approximately one mile from the heart of the town centre which boasts a range of shopping, educational, commercial and recreational facilities.
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 city of Plymouth is within 25 miles and has more extensive facilities and a Continental Ferryport.
Agents note There will be a maintenance charge payable yearly for the upkeep of communal areas within the development.
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
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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 advisors 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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About 41 Barley Rise, Launceston Cornwall, Cornwall
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