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Roydon Lane, Lanstephan, Launceston

South West

£149,950

Listed on 17/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
851 sqft

Description

This modern terraced house offers a fantastic blank canvas for those looking to invest in a property with substantial potential. With no onward chain, the home features two spacious double bedrooms and an additional nursery, making it suitable for families or as a rental opportunity. The layout includes a welcoming hallway leading to a versatile study area that could also serve as a utility space. The bright sitting/dining room boasts large picture windows that overlook the fully enclosed rear garden, enhancing the light and airy feel of the space. The kitchen is equipped with modern eye and base level units, providing scope for further enhancement. On the first floor, the main bedroom enjoys a pleasant view over the garden, while the guest bedroom has ample room for storage. There’s also a bathroom and separate WC that present an opportunity to create a more functional space by combining them into one. Outside, the rear garden is laid to lawn with a generous patio area ideal for outdoor gatherings. Overall, this property is primed for renovation and improvement, perfect for first-time buyers or savvy investors looking to capitalize on its potential.

Investment analysis

(PL15 area)

Below Market Value

This property is priced -34.9% below area average per sq ft

-34.9%
Potential saving
This Property
£176/sq ft
Area Average
£271/sq ft
Avg Rent (weekly)
£279
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£253,449
10% above area average per sq ft
Potential ROI
+37.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PL15)

Area prices are falling by -2.8% over the last 12 months
3 year growth: -2.0%
5 year growth: +2.9%
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

Roydon Lane, Lanstephan, Launceston
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£566
Based on a loan of £112,462 over 30 years at 4.45% 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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