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Altarnun, Launceston, Cornwall, PL15

South West

£900,000
Listed on 31/12/2025

Property Details

Bedrooms
6
Type
Detached house
Area
5725 sqft

Description

This notable Edwardian farmhouse boasts five spacious bedrooms and a separate one-bedroom annexe, making it a versatile property for families or potential rental income. Set on approximately three acres of land with river frontage and fishing rights, this enticing estate provides direct access to the scenic Bodmin Moor, perfect for outdoor enthusiasts involved in equestrian pursuits or hiking. The property benefits from a large barn that holds planning potential, offering an excellent opportunity for further development. Having been constructed at the start of the 20th century, the main house features characteristic high ceilings, slate flooring, and generous room sizes that could be reimagined with modern design elements. Recent renovations include a replaced roof, which opens up possibilities for loft conversions – a substantial enhancement that could significantly increase living space (subject to planning permissions). There’s also an oil-fired Aga for heating water alongside a Grant oil boiler for central heating. While some areas are functional and offer traditional charm, others may require upgrading to meet contemporary standards, providing room for personalization and value addition. The peaceful location makes it ideal for those seeking tranquility while remaining within easy reach of key routes such as the A30. Nearby towns like Truro, Exeter, and Plymouth can be accessed in under an hour. This property is not only perfect for enjoying the 'good life' but also represents a promising investment opportunity given its desirable features and expansive land.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -40.7% below area average per sq ft

-40.7%
Potential saving
This Property
£157/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,670,727
10% above area average per sq ft
Potential ROI
+70.5%
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

Altarnun, 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
£3,297
Based on a loan of £675,000 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.

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