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Dunheved Road, Launceston, Cornwall, PL15

South West

£1,400,000
Listed on 08/05/2026

Property Details

Bedrooms
7
Type
Detached
Area
6251 sqft

Description

This remarkable property, constructed in the early 1950s by the original owner's family, represents a unique chance to invest in one of Launceston's distinguished homes. Nestled within approximately three acres of well-established gardens, this residence combines seclusion with central accessibility, making it an attractive proposition for renovation enthusiasts or investors. The architecture features generously sized and naturally lit rooms on the ground floor, including a welcoming entrance hall, cloakroom/WC, a functional kitchen breakfast room, an elegant dining area, and a spacious drawing room that leads into a conservatory—perfect for enjoying views of the lush surroundings. Upstairs, the layout comprises five bedrooms including a principal suite with an ensuite bathroom. Additionally, one bedroom currently functions as an office space for modern living needs. The versatile second floor houses valuable attic space with potential for further enhancements; it includes two more double bedrooms and a shower room that could cater to guests or extended family. The property is enhanced by its extensive gardens complete with mature trees and open lawns offering privacy and aesthetic charm throughout the seasons. Furthermore, several outbuildings such as a stable block and an old coach house present excellent opportunities for conversion into separate living spaces or ancillary accommodations, pending necessary consents. With various local amenities and scenic countryside nearby, along with solid transport links across the South West, this property stands out not only as a home but also as a promising investment.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -17.3% below area average per sq ft

-17.3%
Potential saving
This Property
£224/sq ft
Area Average
£271/sq ft
Avg Rent (weekly)
£263
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Target Value
£1,862,735
10% above area average per sq ft
Potential ROI
+16.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PL15)

Area prices are falling by -3.3% over the last 12 months
3 year growth: -2.2%
5 year growth: +7.9%
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

Dunheved Road, Launceston, Cornwall, PL15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£4,995
Based on a loan of £1,050,000 over 30 years at 3.97% 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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