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Don't know yet. The room has built in cupboards which we never liked and are also fairly knackered. We really need to strip it back and start again and if we do that then pulling down the lathes makes sense to me. Just getting the ceiling patched will be quick and easy though.
We really need to strip all four bedrooms, replace some windows, rebuild the front bay window (just the 1st floor, height is too shallow so doesn't let in much light especially since it faces North, also had no insulation so gets very cold and lots of condensation in the winter), might as well rewire while we are there (some bits of the house are on a fairly modern board with RCD etc, not those bedrooms which have fuse wire and not enough sockets), probably add some thermal insulation to the walls, new carpet etc.
Need to find a builder.
Are you going to take down the lathes and board it or will you find a plasterer to render and skim some lime over the top?