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St. Marys Road, Lanstephan, Launceston, Cornwall, PL15 - Image 1
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St. Marys Road, Lanstephan, Launceston, Cornwall, PL15 - Image 4
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St. Marys Road, Lanstephan, Launceston, Cornwall, PL15 - Image 6
St. Marys Road, Lanstephan, Launceston, Cornwall, PL15 - Image 7
St. Marys Road, Lanstephan, Launceston, Cornwall, PL15 - Image 8
St. Marys Road, Lanstephan, Launceston, Cornwall, PL15 - Image 9
St. Marys Road, Lanstephan, Launceston, Cornwall, PL15 - Image 10
St. Marys Road, Lanstephan, Launceston, Cornwall, PL15 - Image 11

St. Marys Road, Lanstephan, Launceston, Cornwall, PL15

South West

£155,000
Listed on 03/11/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This mid-terrace, three-bedroom home presents a solid opportunity for those looking to invest in a property with renovation potential. The layout includes an entrance hall, utility space, cloakroom, kitchen, and a spacious lounge/diner that benefits from large windows offering views of the surrounding countryside. On the first floor, you'll find three generously sized double bedrooms and a family bathroom. The front and rear gardens provide outdoor space that could be developed further. Situated in the Lanstephan area of Launceston, this property is conveniently located just a short drive from the town center and within walking distance to scenic open countryside. Launceston itself is ideally positioned near the A30 dual carriageway, facilitating easy access to various parts of Cornwall and Devon. For larger urban amenities, Exeter lies approximately 42 miles to the east, while Plymouth can be reached in about 28 miles to the south. The surrounding region is rich in natural beauty, with opportunities for outdoor activities ranging from coastal excursions to explorations of Bodmin Moor and Dartmoor National Park. This location not only offers prospects for personal enjoyment but also has the potential for rental appeal or resale value enhancements once renovations are completed. Inside, the property requires modernisation but features key elements such as a practical utility room with plumbing for appliances and a well-sized kitchen ready for updates. The lounge/diner provides ample space for comfortable living and dining arrangements. Each bedroom offers good proportions and views that could be enhanced with thoughtful design choices. Outside, although the gardens currently require some attention—especially in terms of fencing—the sunny aspect at the rear opens up possibilities for creating an inviting outdoor retreat or additional entertaining space. With mains water and electricity available, along with night storage heating already in place, this home offers foundational conveniences while presenting an exciting canvas for improvements. Whether you're a first-time buyer looking to make your mark or an investor aiming to maximise rental income through refurbishment, this property stands out as a viable option in today's market.

Investment Analysis

(PL15 area)
Area Average
£265/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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. Marys Road, Lanstephan, Launceston, Cornwall, PL15
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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
£568
Based on a loan of £116,250 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