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Tamar Flats, 52 Tower Street, Launceston PL15 - Image 1
Tamar Flats, 52 Tower Street, Launceston PL15 - Image 2
Tamar Flats, 52 Tower Street, Launceston PL15 - Image 3

Tamar Flats, 52 Tower Street, Launceston PL15

South West

£105,000
Listed on 29/12/2025

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom ground floor flat, set within the distinguished Landmark Victorian building known as Tamar Flats, presents an excellent opportunity for renovation and investment. With its south-facing orientation, the property offers ample natural light and the potential to enhance its spacious layout further. Located a convenient walk from Launceston town centre and local amenities, this flat is perfect for first-time buyers or investors looking to add value through modernisation. The elegant period features of the building, combined with off-road allocated parking, ensure that this property stands out in a competitive rental market. The interior boasts wooden floorboards and a galley-style kitchen with basic fixtures that could benefit from an upgrade. The sitting room is generously sized, providing a canvas for creating a welcoming living space. Each bedroom is equipped with night storage heating and windows that frame views of the surroundings. With shared ownership of the freehold through a management company, future owners can easily contribute to decisions regarding renovations or improvements to communal areas. Given its prime location near transport links and local facilities, there is substantial potential for value appreciation after refurbishment.

Investment Analysis

(PL15 area)
Area Average
£265/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PL15)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -3.1%
5 year growth: 18.4%
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

Tamar Flats, 52 Tower Street, Launceston PL15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£385
Based on a loan of £78,750 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE