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Hollies Road, Launceston

South West

£325,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This detached bungalow, featuring two bedrooms and two reception rooms, presents an excellent opportunity for renovation and investment in the desirable Hollies Road area of St Stephens. With a generous layout and considerable outdoor space, this property is primed for transformation to meet modern living standards. The interior includes two spacious double bedrooms, a functional bathroom, and a separate WC. The living room boasts a fireplace and a large picture window that fills the space with natural light. Adjacent to this is the dining room, which connects to a conservatory that offers a pleasant view of the garden. The kitchen and breakfast room is also noteworthy, equipped with a bay window that overlooks the rear garden, creating an inviting area for culinary activities. Outside, the property is approached through double metal gates leading to an expansive driveway capable of accommodating several vehicles, culminating at a single garage. The gardens extend around the property—front, side, and rear—featuring established plants and shrubbery as well as a wooden summerhouse. This outdoor space not only provides privacy but also beautiful glimpses of Launceston Castle. Given its current condition, the home is ready for updates and renovations tailored to individual tastes or investment goals. With central heating and double-glazed windows already installed, foundational improvements can begin right away. This property's potential lies not only in its ample space but also in its location within a sought-after community close to local amenities. For those interested in transforming this bungalow into their vision of comfort or looking for an investment that promises future value enhancement through renovation, this property represents an encouraging prospect within St Stephens.

Investment Analysis

(PL15 area)
Area Average
£271/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£32,500 - £81,250
10-25% of property value
Monthly Sales
14
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PL15)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 3.4%
5 year growth: 27.0%
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

Hollies Road, Launceston
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