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 work4-bedroom house · PL15 7FR
Listing removedListed 221 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situation The property lies in a select development of 5 executive properties on a jointly owned private no-through road, half a mile from Launceston town centre.
Launceston has a variety of shops, supermarkets, doctors, dentists and veterinary surgeries, together with educational facilities, fully equipped leisure centre, numerous sporting clubs and 2 testing 18-hole golf courses nearby.
The A30 is half a mile from the property and links the Cathedral cities of Truro and Exeter.
At Exeter there is access to the M5 motorway network, mainline railway station serving London Paddington and an international airport.
Description The property was built in 2020 by a highly-regarded local developer of timber frame and brick construction under a slate tiled roof.
With a high degree of insulation incorporated into the design, the property obtained an excellent energy efficiency rating of B (86).
The property is presented in excellent decorative order throughout and the following spacious accommodation is illustrated on the floorplan and briefly comprises: Covered entrance porch and a part-glazed front door into spacious hallway with stairs rising to first floor, cloaks cupboard and understairs storage cupboard.
Attractive double aspect lounge with sliding doors to the rear garden. Office with views to the rear garden.
The stunning kitchen/dining room comprising a range of base and wall units with integrated double oven, microwave, fridge/freezer, extensive work tops and an island unit with stool recess.
Rear vestibule with door to utility room with worktops and cupboards, plumbing and appliance space for washing machine and tumble dryer.
Door into fully tiled wet room with low flush WC and wash hand basin. Door gives access to the integral garage.
The first floor offers a spacious landing with cupboard and doors to the 4 large double bedrooms.
Bedroom 1 has fitted wardrobes and an en suite shower room with low flush WC and corner shower cubicle. Bedroom 2 and 3 also have fitted wardrobes.
The family bathroom comprises a suite of a bath, large shower cubicle, WC and wash hand basin.
Outside To the front is an extensive brick paved driveway providing off road parking for several vehicles. There is an integral garage with electric up and over door, power and light connected.
To the rear is a large level lawn with well-defined fence and hedge boundaries, raised flower beds and attractive views to Launceston Castle and the town.
There is an extensive patio area, providing excellent opportunity for al fresco dining. Greenhouse. Services All main services connected.
Mains gas central heating with underfloor heating throughout the ground floor. Double glazed throughout. Council Tax Band E. Full EPC document available on request. Broadband: FTTP.
Mobile phone coverage: Please visit the Ofcom website. Please note the agents have not inspected or tested these services.
Agent’s note The owner of each of the 5 properties pays £25 per month to a Residents’ management company.
We understand from the vendor that the NHBC warranty is valid until March 2030 viewings Strictly by prior appointment with the vendors’ appointed Agents, djr Estate Agents and Auctioneers.
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 3 Chapel Drive, Launceston
Explore nearby