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South Petherwin, Launceston, Cornwall, PL15 - Image 1
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South Petherwin, Launceston, Cornwall, PL15

South West

£500,000
Listed on 31/12/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This historic 16th-century stone and cob property presents a unique opportunity for renovation enthusiasts or investors. With five bedrooms, it is situated in a tranquil rural area, making it a potential gem for those willing to invest time and resources into refurbishment. The spacious kitchen/dining area, combined with essential utility spaces like an office and boot room, allows for various layout transformation possibilities. The living room features traditional elements such as exposed beams and a fireplace, providing character that could be enhanced further through careful updates. While the property stands as a testament to its age, some areas would benefit from modernisation to meet contemporary living standards. The two bathrooms and overall layout offer ample scope for improvement, which can significantly increase its value in this appealing Cornwall location. Ample parking and an easily maintained garden already add practical benefits. The property's close proximity to local amenities in Launceston and the natural beauty of Cornwall's coastlines make it an attractive investment. An internal viewing is recommended to explore the potential renovations that could elevate this home further.

Investment Analysis

(PL15 area)
Area Average
£267/sq ft
Avg Rent (weekly)
£205
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
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

South Petherwin, Launceston, Cornwall, PL15
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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
£1,832
Based on a loan of £375,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE