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Cornwall PL15

South West

£625,000
Listed on 18/04/2025

Property Details

Bedrooms
7
Type
Detached house

Description

This substantial seven-bedroom Georgian residence presents a unique opportunity for both personal living and investment. The property is characterized by its rich interior design, featuring high ceilings and many original architectural details that reflect its historic provenance. One of the standout features is the self-contained annexe, which can serve as independent accommodation for extended family or could be repurposed for rental income potential. This versatile space includes a double bedroom, a living area, kitchen, and bathroom, providing ample opportunities for adaptation to suit various needs. Additionally, there are existing loft and cellar areas that offer significant further development potential—perfect for those looking to expand the living space or create additional rental units. The main residence includes two well-proportioned reception rooms and two kitchens, alongside six bedrooms, two of which have en-suite facilities. The first floor also houses a family bathroom and a separate W.C., while the attic features more storage or conversion possibilities (subject to planning permissions). Externally, the property is set on a generous plot with beautifully maintained walled gardens and an enclosed cobbled courtyard accessed through impressive double gates. The coach house provides useful storage options or a workspace for hobby enthusiasts. Ample parking is available within the circular driveway, which is surrounded by established trees and shrubbery. Strategically located on St Stephens Hill, residents will benefit from easy access to local amenities including shops, schools, and recreational facilities. The proximity to Launceston town centre ensures that all essential services are within reach while offering convenient transport links via the A30 dual carriageway to cities like Exeter and Plymouth. In summary, this property not only offers spacious multi-generational living options but also holds considerable investment potential due to its layout, additional facilities, and prime location in an area rich with natural beauty and community resources. Viewing is encouraged to fully appreciate its diverse capabilities.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
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

Cornwall PL15
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,290
Based on a loan of £468,750 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