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St. Stephens Hill, Launceston

South West

£300,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
937 sqft

Description

This three-bedroom detached home offers a promising opportunity for those looking to invest in renovation and modernisation. Nestled at the end of a quiet, private lane in the desirable St. Stephens area of Launceston, this property has been in the same family for many years and is ready for a fresh perspective. While the exterior is well-maintained, the interior requires updating, allowing new owners to imbue the space with their personal style. The layout includes an entrance porch, a spacious sitting/dining room with triple aspect windows that provide lovely views, and a kitchen with a pantry. A large wet room presents potential for transformation into a luxurious bathroom. Upstairs are two generously sized double bedrooms and one single bedroom, with one of the doubles offering charming views of local landmarks. The plot is substantial enough to consider further extensions (subject to planning permission), particularly on the side or rear areas where the garage and outhouse could also be integrated into additional living space. Parking options are flexible with potential to expand using available land beside the driveway. This home not only boasts modern conveniences like double glazing and gas central heating but also provides an ideal blend of countryside living while being close to town amenities.

Investment Analysis

(PL15 area)

Above Market Value

This property is priced +20.7% above area average per sq ft

+20.7%
This Property
£320/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£273,445
10% above area average per sq ft
Potential ROI
-19.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PL15)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -3.1%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on PL15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

St. Stephens Hill, Launceston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE