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Forrabury, Cornwall PL35

South West

£750,000
Listed on 23/09/2025

Property Details

Bedrooms
6
Type
Detached house
Area
3164 sqft

Description

This six-bedroom former rectory, set in a picturesque Cornish harbor village, presents a unique opportunity for renovation and investment. Its prime location adjacent to the South West Coastal Footpath adds significant appeal for both homeowners and potential renters, as this area attracts tourism year-round. Constructed at the turn of the 20th century, the property maintains many period features that can be enhanced through thoughtful updates. The entrance greets visitors with a glass roof and facade, leading into a grand hallway characterized by original terracotta tiles and high ceilings that evoke a sense of historic charm. The spacious reception rooms feature large picture windows that invite natural light, while each boasts its own fireplace—ideal for creating warm gatherings or welcoming guests. The kitchen and breakfast area is generous in size and offers a blend of historical elements with modern functionalities, including built-in appliances and ample worktop space. With the right renovations, this area could transform into an exceptional culinary hub suited for contemporary living. The layout includes four double bedrooms on the first floor along with two bathrooms, making it suitable for family life or as multiple guest accommodations. The second floor remains flexible; currently featuring an open-plan living space along with an additional office that could easily serve as extra bedrooms or storage depending on your needs. Outdoor spaces are extensive and versatile, featuring wrap-around gardens complete with an ornamental pond and terraced lawns. A well-fenced allotment for gardening enthusiasts is complemented by a chicken coop—an attractive feature for those interested in sustainable living. The detached garage provides useful parking as well as conversion potential for those looking to add value or create additional living space (subject to planning permission). Located within walking distance of local amenities—including shops, restaurants, and recreational facilities—this property benefits from being near both family-friendly beaches and scenic walking paths. Forrabury’s quiet charm provides a peaceful contrast to busier tourist hotspots while remaining within easy reach of Launceston’s broader services. With its combination of historic character, desirable location, and extensive grounds ripe for improvement, this property stands out as a compelling project for anyone looking to invest in the thriving Cornish real estate market.

Investment Analysis

(PL35 area)

Below Market Value

This property is priced -39.3% below area average per sq ft

-39.3%
Potential saving
This Property
£237/sq ft
Area Average
£391/sq ft

Renovation Potential

Est. Renovation Cost
£75,000 - £187,500
10-25% of property value
Target Value
£1,360,140
10% above area average per sq ft
Potential ROI
+45.1%
After renovation
Monthly Sales
2
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (PL35)

Area prices are rising by +21.4% over the last 12 months
3 year growth: -17.2%
5 year growth: 34.9%
Investment Disclaimer: Analysis based on PL35 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Forrabury, Cornwall PL35
Map showing location of Forrabury, Cornwall PL35
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