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Five Lanes, Altarnun, Launceston

South West

£199,950
Listed on 12/07/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1022 sqft

Description

This semi-detached cottage embodies the charm of a classic rural residence, nestled within a sought-after village that offers both community and convenience. The property presents significant renovation opportunities, allowing potential buyers to modernize and personalize the space to their tastes. The interior begins with an entrance porch that leads into a cozy living room, featuring traditional beamed ceilings and a fireplace, providing a welcoming atmosphere. Adjacent, you'll find an open-plan kitchen and breakfast area that could benefit from updates to enhance functionality and aesthetics. A rear hallway connects the kitchen to essential amenities such as the bathroom and a separate WC. Upstairs, there are two well-proportioned bedrooms. The front bedroom serves as a spacious double with fitted wardrobes, while the second bedroom also includes storage options and additional facilities with a WC and sink in place—ideal for versatile usage or future enhancements. Outside, the property is complemented by gardens at both the side and rear, offering privacy for outdoor enjoyment. A distinctive feature of this home is the adjoining barn, currently housing the oil-fired central heating boiler. With ample space on both floors, this barn presents exciting conversion possibilities; subject to appropriate planning permissions, it could become additional living space, a dedicated office, or even an annex. Located in a thriving village setting, this property not only provides immediate comfort but also holds strong investment potential due to its renovation scope and additional outbuilding. Prospective buyers are encouraged to explore local planning regulations regarding the barn’s conversion to maximize this opportunity fully. With mains electricity, water, drainage services established alongside oil-fired central heating in place, this home is ready for its next chapter while still offering room for personal touches and improvements.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -28.2% below area average per sq ft

-28.2%
Potential saving
This Property
£196/sq ft
Area Average
£272/sq ft

Renovation Potential

Est. Renovation Cost
£19,995 - £49,988
10-25% of property value
Target Value
£306,176
10% above area average per sq ft
Potential ROI
+22.5%
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

Five Lanes, Altarnun, Launceston
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