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Landrake, Nr Plymouth, PL12 5EG - Site For Upto 10 Dwellings - Image 6

Landrake, Nr Plymouth, PL12 5EG - Site For Upto 10 Dwellings

South West

£250,000
Listed on 06/03/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This promising greenfield site presents a significant investment opportunity, featuring an outline planning application currently in progress with Cornwall Council for the development of up to 10 affordable housing units. The approximately 0.85 hectares (2.1 acres) of gently sloping paddock land is ideally situated on the western edge of Landrake, offering stunning views of the surrounding countryside. The layout proposed in the application includes new vehicular access from New Road and two pedestrian pathways connecting to local amenities, establishing a gateway for residential growth in this charming Cornish village. Adjacent to this property, the owner possesses additional commercial land which may also hold future residential potential, creating further possibilities for development. Landrake boasts a tight-knit community feel, essential shops, a primary school, and easy access to Plymouth via the A38. As planning determinations are anticipated shortly, now is an opportune time for interested parties to explore the breadth of possibilities available in this attractive locale.

Investment Analysis

(PL12 area)
Area Average
£288/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (PL12)

Area prices are stable by -0.2% over the last 12 months
3 year growth: +2.1%
5 year growth: +22.2%
Investment Disclaimer: Analysis based on PL12 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

Landrake, Nr Plymouth, PL12 5EG - Site For Upto 10 Dwellings
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£902
Based on a loan of £187,500 over 30 years at 4.06% 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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