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Penhole Drive, Launceston, PL15

South West

£175,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
710 sqft

Description

This three-bedroom end-of-terrace home presents a prime opportunity for renovation in a sought-after residential neighborhood of Launceston. With its solid structure and well-defined layout, the property is perfect for those looking to invest in a project that could significantly increase its value. The ground floor features a kitchen that opens into a breakfast area, providing ample space for future upgrades or reconfiguration. A utility room and WC add practicality to the layout, while the cozy lounge, complete with a uPVC double-glazed window, offers potential for enhancement with modern finishes. Upstairs, the property comprises three bedrooms that vary in size, allowing flexibility in how they might be utilized—whether as bedrooms or dedicated office spaces. A family bathroom completes this level, ready for updates to suit personal tastes or current trends. The exterior includes a predominantly decked rear garden surrounded by fencing, providing both privacy and potential for landscaping improvements. Additionally, there is side access to enhance convenience and functionality. Notably offered with no onward chain, this property stands as an attractive proposition for buyers aiming to create their ideal living space or capitalize on investment opportunities through renovation. Its location benefits from local amenities and community feel, making it not just a house but potentially a thriving home once transformed.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -7.1% below area average per sq ft

-7.1%
Potential saving
This Property
£246/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£207,199
10% above area average per sq ft
Potential ROI
+1.1%
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

Penhole Drive, Launceston, 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
£641
Based on a loan of £131,250 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