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Tavistock Road, Launceston

South West

£550,000
Listed on 31/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2152 sqft

Description

This Victorian detached coach house in Launceston presents a unique opportunity for those looking to invest or renovate. Spanning an impressive 2,152 sq ft, the property features multiple reception rooms that can be reconfigured to suit modern living needs, making it ideal for families or entertaining guests. The expansive garden serves as a tranquil outdoor space, while a detached barn adds significant potential for storage or conversion into additional living areas. The property is set in a secluded yet accessible location, close to local amenities and benefitting from planning permission for two bungalows within the grounds, offering excellent scope for investment or development. Although some modernization is required, the accommodation includes five bedrooms and various functional spaces like a snug and utility room, allowing for flexible renovations. The generous parking facilities are an added bonus. Launceston itself is rich in history and provides convenient access to local shops and main transport routes. This property not only offers charm and character but also the promise of future growth through thoughtful renovations.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -4.4% below area average per sq ft

-4.4%
Potential saving
This Property
£256/sq ft
Area Average
£267/sq ft
Avg Rent (weekly)
£205
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£633,108
10% above area average per sq ft
Potential ROI
-1.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (PL15)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -4.1%
5 year growth: 13.9%
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

Tavistock Road, Launceston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 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