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Queen Elizabeth Road, Launceston, Cornwall, PL15 - Image 1
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Queen Elizabeth Road, Launceston, Cornwall, PL15

South West

£165,000
Listed on 31/03/2026

Property Details

Bedrooms
3
Type
Terraced

Description

Located in a tranquil neighborhood within a well-established residential estate, this former council mid-terraced family home presents significant potential for renovation and investment. Currently requiring modernization throughout, the property is offered with the advantage of no onward chain. The ground floor features a functional layout that includes a shower room/WC and a kitchen/breakfast area equipped with light-colored cabinetry, an electric hob, oven, and microwave. The spacious living room benefits from dual aspect windows, enhancing natural light and providing direct access to both front and back terraced gardens. Upstairs are three generously proportioned bedrooms alongside the main family bathroom/WC, all offering scenic views across the town towards the Castle and surrounding countryside. While the home includes Economy 7 storage heating and UPVC double-glazed windows, further enhancements could significantly improve energy efficiency and comfort levels. The property's exterior boasts easy-to-maintain terraced gardens complemented by mature shrubs and plants, while parking is available in a communal car park on a first come, first served basis. Conveniently situated near Launceston town centre, residents can enjoy easy access to various shopping, educational, and recreational amenities as well as quick connections via the A30 trunk road to major destinations such as Truro and Exeter. This property also comes with an important note: there is a right of way across the back garden for neighboring properties.

Investment Analysis

(PL15 area)
Area Average
£268/sq ft

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
22
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PL15)

Area prices are falling by -2.5% over the last 12 months
3 year growth: -1.1%
5 year growth: +10.7%
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

Queen Elizabeth Road, Launceston, Cornwall, PL15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£584
Based on a loan of £123,750 over 30 years at 3.91% 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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