Hellescott, Launceston, PL15
South West
£550,000
Listed on 22/07/2026
Listed on 22/07/2026
The listing
Property details
Bedrooms
N/AType
PlotDescription
South Hellescott Farm offers a significant opportunity for redevelopment in a desirable rural area on the Cornwall and Devon border. The property consists of both traditional and modern agricultural structures along with approximately 1.67 acres of land, ideal for transformation into a residential setting. With existing consents for residential redevelopment, the site allows for the construction of up to nine dwellings by integrating new builds with conversions of existing agricultural buildings, thus presenting a unique investment potential. The approved plans showcase a blend of contemporary architecture and the preservation of the site's historical character, utilizing sustainable technologies such as photovoltaic panels and air source heat pumps.
This established farmstead is not only strategically located near Launceston and the A30 but also benefits from panoramic countryside views, making it an attractive proposition for developers or investors looking to capitalize on its redevelopment potential. Detailed planning documentation can be accessed via the selling agents or through the Cornwall Council Planning Portal.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
40out of 100
Grade ELow opportunity
Confidence: LOW
South Hellescott Farm is a substantial rural redevelopment opportunity, with planning permission and prior approval for a scheme of up to nine homes: three new-build dwellings and six conversions of existing farm buildings. The approved plans and agricultural character give the project a distinctive starting point, while the countryside setting and access to Launceston and the A30 add appeal.
The overall WHOTS score is 40/100 (grade E), reflecting limited available evidence on value and project economics rather than a judgement that the asking price is dear: floor area is missing, so value against local £/sqf cannot yet be assessed. The aerial images show agricultural buildings and yard areas, but not finished residential interiors; roof and structural condition cannot be reliably assessed from this distance.
Key opportunities
- Deliver the approved mix of three new-build homes and six conversions, creating a varied residential scheme rather than a single standard development.
- Retain and reinterpret the traditional farm buildings, using their agricultural character as the basis for distinctive homes.
- Shape the wider 1.67-acre farmstead and courtyard setting to connect the proposed homes with the surrounding countryside.
Key risks
- Agricultural buildings and yard areas form a heavy conversion and redevelopment programme; allow for detailed condition checks and a substantial, carefully phased build programme rather than a cosmetic refresh.
- Roof and structural condition cannot be reliably assessed from the aerial photographs, so these need closer inspection.
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Transport
Nearest stations
Gunnislake Rail Station
14.2 miles
Train · Gunnislake
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£2,247
Based on a loan of £412,500 over 30 years at 5.13% 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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This calculation uses non-residential (land/commercial) tax rates.
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