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Altarnun, Launceston, PL15

South West

£850,000
Listed on 29/04/2026

Property Details

Bedrooms
6
Type
Not Specified
Area
5725 sqft

Description

This impressive unlisted Edwardian farmhouse, constructed from stone and topped with a slate roof at the dawn of the last century, presents considerable renovation and investment potential. Featuring five distinct bedrooms in the main residence coupled with an annex added within the last two decades, this property offers a versatile living space that could serve as a granny flat or generate rental income through a holiday let. The loft area holds promise for conversion into additional living space, contingent on planning permissions. Internally, the farmhouse features period details such as high ceilings and original slate floors throughout various rooms including a grand drawing room with an open fireplace, and an expansive farmhouse kitchen highlighted by an oil-fired Aga. The configuration includes practical spaces like a scullery/utility room that connects directly to the annexe, which is self-sufficient with its own lounge area, bedroom, wet room, and external entrance. The property spans approximately three acres of grounds that include formal gardens, extensive pasture leading down to riverfront access complete with fishing rights. The large agricultural barn complements the residential aspects of the property and may provide opportunities for further development or agricultural use. Positioned in an enviable location near Bodmin Moor and accessible via quiet country lanes while retaining proximity to major towns such as Truro and Exeter within an hour's drive, this residence beckons those looking to invest in a lifestyle change or project in a scenic setting.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -44.6% below area average per sq ft

-44.6%
Potential saving
This Property
£148/sq ft
Area Average
£268/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£1,687,100
10% above area average per sq ft
Potential ROI
+77.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PL15)

Area prices are falling by -2.5% over the last 12 months
3 year growth: -1.1%
5 year growth: +10.7%
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, PL15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£3,011
Based on a loan of £637,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

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