Summary - 3, MADFORD LANE PL15 9EB
1 bed 1 bath Terraced
Small mixed‑use development opportunity in central Launceston.
Guide price £65,000; sale by public auction
A compact Grade II listed terraced property in Launceston town centre, offered at auction with a guide price of £65,000. The building is arranged over two floors with a street-facing commercial ground floor and small residential accommodation above. It presents a clear development opportunity for conversion to mixed commercial/residential use, subject to planning.
The property is in worn, dilapidated condition and will require substantial refurbishment. Photos and inspection note visible damp, areas of mould, unfinished/uneven floors and likely need for full replacement of services. As a listed building, repairs and alterations will be constrained by statutory controls and may increase costs and timescales.
Practical positives include freehold tenure, central town location with nearby amenities and transport links, excellent mobile signal and fast broadband. There is limited on-street parking and no private garden; internal floorplates are modest. The lot will be sold at public auction — bidders should review the legal pack, allow for the buyer’s administration fee and deposit requirements, and factor listing constraints into any renovation budget.
This property suits a buyer experienced in historic buildings or an investor/developer prepared to navigate planning and listed-building consent. It offers the chance to create a bespoke town-centre unit or small residential conversion, but buy with eyes open about remedial work, compliance costs and the auction sale process.
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