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Tregadillett, Launceston, PL15

South West

£375,000
Listed on 14/05/2026

Property Details

Bedrooms
3
Type
Farm House
Area
2269 sqft

Description

Nestled at the end of a quiet lane, North Kestle presents a remarkable chance for those looking to invest in a rural retreat. This family home, held by the same owners since its purchase in 1925, is awaiting a complete overhaul. With an expansive footprint, the farmhouse offers generous space for transformation into a contemporary residence while retaining its character. Currently configured with a dining room, sitting room, and three store rooms on the ground floor alongside three bedrooms and a dressing room upstairs, the layout is ripe for reimagining. The potential doesn’t stop with the house; an adjoining two-story barn divided into three rooms provides options for additional living space or creative projects (subject to planning permissions). Outside, the property boasts a small walled garden and an enclosed orchard/paddock featuring a concrete block shippon. Additional stone and slate barns merit attention too, especially with some being in need of refurbishment. Spanning approximately 4.78 acres, the gently sloping land holds great promise for horticulture or livestock, all while offering picturesque views of the surrounding valley. Though currently lacking some essential services and in need of substantial improvement, North Kestle serves as a blank canvas for visionary buyers eager to create their own countryside haven.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -39.0% below area average per sq ft

-39.0%
Potential saving
This Property
£165/sq ft
Area Average
£271/sq ft
Avg Rent (weekly)
£263
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£676,139
10% above area average per sq ft
Potential ROI
+28.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Tregadillett, Launceston, 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
£1,338
Based on a loan of £281,250 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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