2-bedroom house · PL15 9BD
Listing removedReduced £10k (−5.7%) on 20 JunListed 418 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious 2 bedroom property situated on the outskirts of the town with 2 off-road parking spaces and a garden.
The property's location allows good access to the Town Centre alongside the local College and Retail Parks. The accommodation includes an entrance hallway with stairs to the first floor.
There is an open-plan living room/dining room which is in turn also open-plan to the kitchen which has patio doors to the front. There is a useful cloakroom with a WC.
On the first floor there are 2 double bedrooms alongside the family bathroom. There is a gravelled area to the side of the property where there is a shed and a parking area for 2 vehicles.
Beyond here there is a garden area which is laid to lawn.
Entrance Hallway Kitchen (2.68m x 2.45m (8'9" x 8'0" )) Living Room / Dining Room (5.27m x 3.82m (17'3" x 12'6" )) Cloakroom (1.96m x 0.98m (6'5" x 3'2")) First Floor Bedroom 1 (3.99m x 3.78m (13'1" x 12'4" )) Bedroom 2 (2.74m x 2.73m (8'11" x 8'11" )) Bathroom (2.13m x 1.69m (6'11" x 5'6" )) Services Mains Electricity, Gas, Water and Drainage Council Tax Band B
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 23a, Race Hill, Launceston
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