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See how verdicts work2 × 2-bed cottage · PL15 8UD
For saleReduced £185k (−18.9%) on 20 JunListed 241 days
Opportunity summary
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About
Located between Canworthy Water and Tremaine, near Launceston, this 13 acre level site includes a large 4 bedroom house, 2 renovated 1&2 bedroom cottages, mobile holiday homes, large barns, many outbuildings, 3 acres of fully stocked fishing lakes, 5 acre paddock, stables, and various other smaller paddocks paddocks.
Who would this property be suitable for? Well, the uses for the land and the lakes would be numerous. The private owner who just likes a lot of space. The small holder with ambition.
The business owner looking to develop the site into an angling and holiday site. The site would also make an exclusive retirement community park home site.
Of course, local planning would have to be sought for some of these ideas but definitely worth investigation.
Description Located between Canworthy Water and Tremaine, near Launceston, this 13 acre level site includes a large 4 bedroom house, 2 recently renovated 1 & 2 bedroom cottages, mobile holiday homes, large barns, many outbuildings, 3 acres of fully stocked fishing lakes, 5 acre paddock, stables, and various other smaller paddocks.
Who would this property be suitable for? Well, the uses for the land and the lakes would be numerous. The private owner who just likes a lot of space. The small holder with ambition.
The business owner looking to develop the site into an angling and holiday site. The site would also make an exclusive retirement community park home site.
Of course, local planning would have to be sought for some of these ideas but definitely worth investigation. Main House A large 4 bedroom house with 2 reception rooms.
Extensive gardens to the front, rear, and side, including a large pond/lake. Oil central heating, mains water, and private drainage. Ample parking. Further information from our office.
2 x 2 bedroom annex cottages Located next to the stables, recently converted annex cottages, ideal either for rental or holiday let. Both have ample parking. Further information from our office.
Static Caravans Three units located in a paddock to the rear of the main house and a further unit to the opposite side of the footpath. Formerly used as accommodation for the angling holiday business.
Further information from our office. Stables 3 bay birthing stables with tack room.
Outbuildings Just beyond the stables is a large courtyard of about 1/4 of an acre surrounded by single storey structures previously used as a pool house, communal rooms etc.
Mainly used as storage areas at the moment. Further information from our office. Barns Barn 1 is approx 360 meters squared and has electricity, drainage, and water.
Barn 2 is approx 133 meters squared and has electricity and water.Barn 3 is approx 138 meters squared.
Fishing Lakes Further on the site are 2 fully stocked fishing lakes (3/4 acre and 1/2 acre approx ) beautifully placed in the landscape and surrounded with mature trees and shrubs.
There are two further smaller lakes which are not stocked. Further information from our office. 5 Acre Paddock Fully fenced and gated and used for horses at present.
Good level ground with a myriad of possible uses. Further information from our office. Other fields There are 6 other fields ranging from 1/2 to 1 acre each, all neatly separated.
Agents Notes This is a fantastic property set in quiet and tranquil countryside about 8 miles from Launceston town centre.
This is entirely level land with many potential uses subject to local planning constraints. Perfect equestrian land with acres of paddock, stables, and barns. Perfect small holding possibilities.
Perfect fishing holiday possibilities. Possible park home site... In fact, too many possibilities to list. Dont just rely on these details, make an appointment and get out there to see for yourself.
What3words /// remembers.hurt.envelope Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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
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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.
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