Worst House on the Street Logo
Altarnun, Launceston, Cornwall, PL15 - Image 1
Altarnun, Launceston, Cornwall, PL15 - Image 2
Altarnun, Launceston, Cornwall, PL15 - Image 3
Altarnun, Launceston, Cornwall, PL15 - Image 4
Altarnun, Launceston, Cornwall, PL15 - Image 5
Altarnun, Launceston, Cornwall, PL15 - Image 6
Altarnun, Launceston, Cornwall, PL15 - Image 7
Altarnun, Launceston, Cornwall, PL15 - Image 8
Altarnun, Launceston, Cornwall, PL15 - Image 9
Altarnun, Launceston, Cornwall, PL15 - Image 10
Altarnun, Launceston, Cornwall, PL15 - Image 11

Altarnun, Launceston, Cornwall, PL15

South West

£900,000
Listed on 04/10/2025

Property Details

Bedrooms
6
Type
Detached house
Area
5725 sqft

Description

This expansive six-bedroom Edwardian farmhouse, accompanied by a one-bedroom annexe, offers significant renovation and investment opportunities. Nestled in a tranquil setting with direct access to the stunning Bodmin Moor, the property sits on approximately 3 acres of land that includes river frontage and fishing rights—features that enhance its appeal for outdoor enthusiasts and those looking to engage in equestrian activities. The main farmhouse, an unlisted structure dating back to around 1901, is built from local stone and features classic Edwardian characteristics such as high ceilings, large sash windows, and slate flooring. The original building has been well maintained but presents considerable potential for modernization. The addition of an annexe within the last two decades provides versatile living options; it could serve as a guest suite or be transformed into a holiday rental unit. Inside, the layout includes a variety of living spaces such as a drawing room, dining room, study, and kitchen with an oil-fired Aga that adds to the property's rustic charm. A large attic space above offers further potential for conversion into additional bedrooms or recreational areas, subject to planning permissions. Outdoors, the property features extensive grounds with formal gardens and pastureland leading down to the river. The presence of a sizable agricultural barn enhances its investment potential; it could be utilized for storage or adapted for various agricultural uses with appropriate approvals. The location is particularly advantageous for commuting and leisure activities. Just a mile from the A30 road provides easy access to major towns like Truro, Exeter, and Plymouth within an hour's drive. Additionally, stunning North Cornish beaches are only 25 minutes away. The nearby village of Altarnun boasts essential amenities such as a primary school and local shops while maintaining a close-knit community atmosphere. For those considering both a family home and future investment potential in an idyllic rural setting, this property offers multiple possibilities to create something unique while enjoying the exquisite natural surroundings of East Cornwall.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -41.9% below area average per sq ft

-41.9%
Potential saving
This Property
£157/sq ft
Area Average
£271/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£90,000 - £225,000
10-25% of property value
Target Value
£1,705,048
10% above area average per sq ft
Potential ROI
+51.6%
After renovation
Monthly Sales
14
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PL15)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 3.4%
5 year growth: 27.0%
Investment Disclaimer: Analysis based on PL15 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

Altarnun, Launceston, Cornwall, PL15
Map showing location of Altarnun, Launceston, Cornwall, PL15
Open Map