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

Canworthy Water, Launceston, Cornwall

South West

£505,000
Listed on 31/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2749 sqft

Description

This historic 17th-century cottage, nestled in a serene rural hamlet, presents a remarkable investment opportunity for those looking to blend traditional charm with modern functionality. Boasting five bedrooms and three reception rooms, the property features distinctive elements such as a Rayburn kitchen and an inviting inglenook fireplace, alongside a sun room perfect for relaxing while enjoying views of the south-facing garden. The ground floor also offers a versatile office space equipped with fibre broadband, ideal for remote work or study. Upon entry through the gated driveway, you are greeted by a practical slate-floored lobby complete with a WC and storage solutions. The property’s layout promotes flexible family living, with an adjoining utility room enhancing convenience. The reception spaces include a dual-aspect sitting area warmed by a multi-fuel burner and an adjoining dining room centered around the granite-faced fireplace. Upstairs, potential abounds with four additional bedrooms, including the master suite that connects to what could easily serve as a dressing area. A family bathroom is well-placed to service this level. The mezzanine adds character and functionality with its walk-in linen cupboard. The expansive outdoor space is not only picturesque but also functional—featuring productive fruit trees, vegetable beds, and a greenhouse alongside established lawns. With some thoughtful renovation, this cottage can be transformed into a charming family home or holiday retreat while preserving its period character. An early viewing is encouraged for those seeking to capitalize on this unique property.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -30.8% below area average per sq ft

-30.8%
Potential saving
This Property
£184/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£802,241
10% above area average per sq ft
Potential ROI
+34.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PL15)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -3.1%
5 year growth: 18.4%
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

Canworthy Water, Launceston, Cornwall
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,850
Based on a loan of £378,750 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

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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