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Boyton, Boyton, Launceston

South West

£475,000
Listed on 24/06/2024

Property Details

Bedrooms
4
Type
Detached house
Area
2210 sqft

Description

This detached residence presents a unique opportunity for those looking to invest in a property with significant renovation potential. Nestled in the tranquil countryside near Boyton, it offers easy access to Launceston and the A30, making it an appealing choice for commuters and those who appreciate rural living. Comprising four bedrooms and three reception rooms, this home boasts spacious accommodations that are rich with original character features, providing a solid foundation for modernization. The extensive layout allows for versatile use of space, accommodating families or individuals seeking room to grow. The property is set on a generous plot that includes a sizeable rear garden—ideal for outdoor projects or landscaping—and ample off-road parking alongside a garage. The surrounding area benefits from local amenities including a church, chapel, village hall, and primary school within walking distance. Launceston, located approximately 5.5 miles away, provides a variety of shopping options from well-known retailers to charming independent shops. Nearby attractions such as two golf courses and Roadford Lake Country Park offer recreational activities ranging from fishing and sailing to hiking and cycling. For those seeking coastal experiences, Bude is just 14.5 miles away, known for its beautiful beaches and scenic coastal walks. This property's location not only provides a peaceful lifestyle but also positions it as an investment opportunity with potential for growth in value through renovations and improvements. Additional land may be negotiable separately, further enhancing the possibilities this property holds for development or expanded outdoor space. Overall, this home represents a promising canvas for anyone looking to create their ideal residence in an enviable location.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -21.1% below area average per sq ft

-21.1%
Potential saving
This Property
£215/sq ft
Area Average
£272/sq ft

Renovation Potential

Est. Renovation Cost
£47,500 - £118,750
10-25% of property value
Target Value
£662,083
10% above area average per sq ft
Potential ROI
+11.5%
After renovation
Monthly Sales
15
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PL15)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -2.0%
5 year growth: 21.1%
Investment Disclaimer: Analysis based on PL15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Boyton, Boyton, Launceston
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