We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts workHouse · PL15 9EW
For saleListed 370 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exciting opportunity to acquire a fully consented residential development site for twenty-eight new dwellings, all approved as 100% affordable housing.
The scheme provides a mix of one, two and three-bedroom homes, set within attractively landscaped surroundings including a community orchard and public open space.
The site occupies a superb position on the southern fringe of Launceston, close to Tavistock Road and within walking distance of town amenities, schools and public transport.
The consented development comprises: 28 dwellings (100% affordable) 70% Affordable/Social Rent 30% Shared Ownership House types include: 1-bed apartments 2-bed semi-detached houses 3-bed terraced and semi-detached houses The layout incorporates extensive open space, sustainable drainage features and pedestrian links to Tavistock Road.
Building designs use natural materials including timber cladding, slate roofs, and green roof elements, reflecting the surrounding Cornish landscape.
A Sustainable Urban Drainage System with on-site attenuation improves the existing surface water management, and a foul water pumping station connects to the mains network.
Planning Summary Cornwall Council granted full planning consent (Ref: PA21/05647) for “Proposed housing development of 28 dwellings” on land south-west of Kensey View, Launceston on the 29th January 2025.
All planning documents available from Kivells Office. Section 106 Agreement Highlights Public Open Space Contribution of £7,448 total payment (£266 per dwelling x 28 dwellings).
Planning Administration Fee of £2,242 payable to Cornwall Council upon signing the S106. Affordable Housing 100% affordable scheme - all 28 dwellings must be affordable (no open market units).
Mix of: 19 rented units (social & affordable rent) 9 shared ownership dwellings Accessibility Requirements 25% of all homes (including affordable) to meet M4(2) accessible/adaptable standard.
There are no education, nhs, highways, or transport contributions listed in the S106 - only the off-site open space payment and admin fee. There is also a cil exemption.
Architects details Andrew Kirby, Discovery House, Dart Marine Park, Totnes, Devon, TQ9 5AL.
, Viewings strictly by appointment only Please ring to view this property and check availability before incurring travel time/costs. Full details of all our properties are available on our website .
Services Interested parties must make their own enquiries with regards to utilities and their connection costs. Mains water, electricity and drainage is available nearby.
Surface water to be managed via on-site SuDS. Highway access to be formed from Tavistock Road/A388 junction in accordance with approved drawings.
Tenure Freehold Directions What3Words – ///sweated.graceful.additives Location Within easy walking distance of the property is a food supermarket and a little further beyond the town’s recreation park with leisure centre including indoor swimming pool.
Also within walking distance is a primary school and the town’s secondary school.
There is easy access to the A30 dual carriageway spine road for Cornwall and Devon providing connectivity to two of the countries prettiest Cathedral cities - Truro to the west, 46 miles and Exeter to the east, 44 miles, the latter providing Intercity Rail Link, International Airport and M5 motorway link.
The property is also just off the A388 giving good access to the City of Plymouth which provides Continental Ferry Port and all the yachting facilities of Plymouth Sound.
In all directions from the property there is scenery of outstanding natural beauty, be it the rugged North Cornish coast to the north, the wide open spaces of Bodmin Moor ideal for walking and riding to the west, Dartmoor National Park to the east or the hidden beauty of the Tamar Valley stretching southwards renowned for salmon fishing and 18th Century mining history.
Disclaimer Kivells, their clients and any joint agents give notice that they are not authorised to make or give representations or warranties in relation to the property.
No responsibility is accepted for any statement within these particulars, which do not form part of any offer or contract. Areas, measurements and boundaries are approximate.
Text, photographs, CGI’s and plans are for guidance only. It should not be assumed the property has all necessary planning or building consents, and Kivells have not tested any services or equipment.
The property is sold subject to all matters in the Property and Charges Register, including rights of way and easements. Purchasers are deemed to know all boundaries.
Nothing herein constitutes financial advice; seek your own. Use of Mortgage Genies sw Ltd. Will result in a £250 + VAT referral fee to Kivells. Kivells retains copyright to all particulars and media.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
.png)
FAQ
About Affordable Led Development Site, Tavistock Road, Launceston
Explore nearby