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Lanstephan, Launceston

South West

£164,950

Listed on 22/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
868 sqft

Description

Nestled on the outskirts of Launceston, this mid-terrace ex-local authority home offers an exciting opportunity for renovation and investment. Built in the 1970s, the property presents a blank canvas ideal for those looking to add value through updates and personalization. With some cosmetic enhancements, it could transform into a welcoming family residence. The layout features a welcoming hallway leading to a kitchen/breakfast room equipped with essential appliances and ample storage units, alongside a utility room that could benefit from modern upgrades. The lounge, benefiting from natural light and scenic views of Launceston Castle, serves as a comfortable living space that invites revitalization. On the upper level, three bedrooms offer potential for reconfiguration or decor updates, while the family bathroom is functional but would greatly improve with contemporary fixtures. Outside, both front and rear gardens provide space for landscaping or outdoor projects. Positioned just under half a mile from local amenities and within easy reach of major transport links including the A30 towards Exeter and Truro, this property combines accessibility with community living.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -29.9% below area average per sq ft

-29.9%
Potential saving
This Property
£190/sq ft
Area Average
£271/sq ft
Avg Rent (weekly)
£263
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£258,655
10% above area average per sq ft
Potential ROI
+36.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PL15)

Area prices are falling by -3.3% over the last 12 months
3 year growth: -2.2%
5 year growth: +7.9%
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

Lanstephan, Launceston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£588
Based on a loan of £123,712 over 30 years at 3.97% 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.

Stamp Duty Calculator

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