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Launceston,Cornwall

South West

£135,000
Listed on 12/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
925 sqft

Description

This three-bedroom mid-terrace house is situated in a tranquil pedestrian walkway on the outskirts of Lanstephan, presenting a solid opportunity for both first-time buyers and investors looking for renovation potential. The property features a well-structured layout that includes a cloakroom, utility room, lounge/dining area, kitchen, and three double bedrooms, all of which offer ample space for customization and modernization. While the home currently benefits from double glazing and electric heating, it requires updating throughout to realize its full potential. The existing infrastructure allows for the reinstatement of a solid fuel heating system if desired. This flexibility opens up various avenues for enhancing energy efficiency or personalizing the space to meet contemporary living standards. Entering through the uPVC obscure glazed door leads you to an inviting hallway with practical amenities including a cupboard under the stairs. Off the hallway, you’ll find a convenient cloakroom and utility space equipped with room for appliances—perfect for accommodating modern needs. The expansive lounge/dining room features double glazed sliding doors that lead out to the rear garden, promoting an airy atmosphere. The kitchen, while functional with fitted units and necessary appliances spaces, offers ample opportunity for renovation to create an updated culinary environment. Upstairs reveals a well-proportioned landing leading to three double bedrooms; each room presents unique prospects for redesigning layouts or incorporating built-in storage solutions. The family bathroom includes essential amenities such as a panelled bath with an overhead shower. While it meets current standards, there is considerable scope to refresh this area with modern fittings. Outside, the property features a modest front lawn with pathway access and a rear garden primarily laid to lawn with potential for landscaping improvements or expansion of outdoor living spaces. With no onward chain attached to this property, coupled with its location in an appealing area close to local amenities and green spaces, it stands as a promising investment opportunity. Beyond its current state, this home invites creative vision and improvement while offering a sound foundation for long-term value enhancement in a desirable community setting.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -45.0% below area average per sq ft

-45.0%
Potential saving
This Property
£146/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£269,943
10% above area average per sq ft
Potential ROI
+54.3%
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

Launceston,Cornwall
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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
£495
Based on a loan of £101,250 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