School Road, Landrake, PL12
South West
£155,000
Listed on 29/05/2026
Listed on 29/05/2026
The listing
Property details
Bedrooms
2Type
End Of TerraceArea
893 sqftFeatures
- Garden
- Parking
Description
This two-bedroom end-of-terrace cottage in Landrake, Cornwall, offers a valuable opportunity for renovation enthusiasts and investors. With its character features such as exposed beams and an inglenook fireplace in the dining room, this property is ready for a transformation into a cozy home or rental property. The layout includes a welcoming entrance hallway, a living room with potential for modernization, a kitchen, and a downstairs bathroom. Upstairs, there are two spacious double bedrooms, one of which has the potential to be repurposed into a third bedroom with the right permissions. The private garden and designated parking space add to the appeal. Located within walking distance of local amenities including schools and public transport links to Plymouth via the A38, this cottage is situated in a desirable village environment ripe for investment.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
69out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £155,000, this character cottage is priced at £174/sqf against a local average of £283/sqf, making the asking price a standout opportunity to acquire well below the local £/sqf benchmark. Exposed beams and fireplaces, a private garden, parking and a village setting give the project a strong starting point, while the generous two-bedroom layout may offer scope to create a third bedroom, subject to any necessary consents.
This is a heavy, whole-house project rather than a cosmetic refresh: finishes are worn or unfinished in several rooms, the kitchen and bathroom are visibly deteriorated, and dark staining in several areas needs investigation before finishing work. The rear garden and weathered exterior joinery also offer scope for improvement. The overall score is tempered by the scale of the work and average location rating, despite the exceptional price/value score.
Key opportunities
- Rework the generous two-bedroom layout, with potential to split one bedroom and create a third, subject to any necessary consents.
- Restore the cottage’s exposed beams and fireplaces, including the dining room inglenook, as distinctive character features.
- Improve the private garden, hardstanding and small outbuilding to make better use of the outdoor space.
Key risks
- Stripped and unfinished surfaces across several rooms, deteriorated fittings and worn floors make this a heavy whole-house programme; allow for a full interior rebuild rather than a cosmetic refresh.
- Dark staining is visible in several areas; investigate its cause and extent before completing finishes.
- The slate roof cannot be fully assessed from the photographs, and the exterior joinery appears weathered.
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Transport
Nearest stations
St Germans Rail Station
2.2 miles
Train · St Germans
Saltash Rail Station
3.6 miles
Train · Saltash
St Budeaux Victoria Road Rail Station
4.7 miles
Train · St Budeaux
St Budeaux Ferry Road Rail Station
4.7 miles
Train · St Budeaux
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£633
Based on a loan of £116,250 over 30 years at 5.13% 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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