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St. Marys Road, Launceston

South West

£180,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

Nestled on the outskirts of Launceston, this three-bedroom terrace property presents a unique opportunity for renovation enthusiasts and investors alike. While the home retains its spacious living dimensions, it is in need of updating and modernisation, making it an ideal project for those looking to create a personalized residence or a rental investment. Upon entering, you are greeted by a welcoming hallway that leads to various parts of the home. The kitchen and dining area, positioned at the rear of the property, benefits from garden views and features ample storage with both eye-level and base units. Adjacent to this space is a utility room with direct access to the garden, enhancing functionality for daily living. The sitting room at the front showcases lovely views towards town and the historic Norman Castle—an appealing feature that adds character to the property. The first floor houses three bedrooms, providing flexibility for family living or guest accommodation. The master bedroom enjoys a peaceful rear aspect with generous natural light streaming through a large window, while the second bedroom also faces the rear and accommodates a double bed comfortably. The third bedroom offers elevated views at the front of the house—a promising space for various uses. A family bathroom and separate WC complete this level. Outside, the sloping garden presents a blank canvas ready for re-imagination, whether that involves landscaping or creating outdoor spaces tailored to personal preferences. Additionally, there is a detached garden shed that could serve multiple purposes. At the front of the property, there's a modest lawn area leading down to communal parking. Ample on-street parking is also available nearby. This property stands out not only for its structural features but also for its potential as an investment or personal project in a location that combines suburban tranquility with convenient access to local amenities.

Investment Analysis

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

Renovation Potential

Est. Renovation Cost
£18,000 - £45,000
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

St. Marys Road, Launceston
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