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Launceston PL15

South West

£375,000

Listed on 11/06/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
1439 sqft

Description

This expansive four-bedroom semi-detached cottage is nestled on just under half an acre in a serene countryside setting, providing a unique opportunity for renovation and personalization. The layout includes a dining room, kitchen, living room, and four bedrooms on the upper level, which features a master en-suite and a family bathroom. Each space invites creative updates that can enhance functionality and aesthetic appeal. The property boasts accessible outdoor amenities including a single garage, ample parking for two vehicles, and various outbuildings such as a workshop and garden shed that are already equipped with power. The expansive wrap-around garden is primarily laid to lawn for low upkeep but also includes a decked area adjoining the living room and a summerhouse—ideal spots to reimagine outdoor living. At the lower end of the garden lies a vegetable patch ripe with potential for cultivating your own produce. Upon entering through the storm porch via a stable door, you find charming features like exposed stonework in the dining room, slate flooring, and an old Rayburn fireplace awaiting rejuvenation. The kitchen offers traditional charm with its Belfast sink but is ready for modern upgrades to meet contemporary needs. Likewise, both the en-suite and family bathroom provide solid foundations while needing updates to enhance comfort and style. Given its location near Lifton in West Devon and proximity to major transport routes connecting Cornwall and Exeter, this property represents not only potential personal investment but also future resale value enhancements in a desirable region surrounded by natural beauty.

Investment Analysis

(PL15 area)

Below Market Value

This property is priced -3.6% below area average per sq ft

-3.6%
Potential saving
This Property
£261/sq ft
Area Average
£270/sq ft
Avg Rent (weekly)
£260
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£427,700
10% above area average per sq ft
Potential ROI
+3.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PL15)

Area prices are falling by -5.0% over the last 12 months
3 year growth: -3.0%
5 year growth: +4.6%
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

Launceston PL15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,417
Based on a loan of £281,250 over 30 years at 4.45% 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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