A complete guide to property investment in Launceston.
Last updated: 18 September 2025
Launceston offers a property market that is both accessible and steady, with a price-to-income ratio of 4.1 making it more affordable than many parts of the South West. The median price per square foot of £228 per sq ft and the current median asking sale price of a 3-bedroom house at £254,800 suggest buyers can get reasonable value for their money. Rental investors will note the average rental yield of 3.5%, with the top-performing postcode district offering a higher yield of 4.8%. While recent capital growth has changed by -5.4% over the past year, the three-year picture shows a more moderate growth of 3.0%, translating to an annualised rate of 1.0%.
Liquidity appears reasonable, with properties spending an average of 88 days on the market and a median discount of £4,000 (the typical achieved discount) indicating some room for negotiation. The area’s demographic profile leans older, with a high proportion of single occupier and couple households, and the private rented sector is notably large compared to owner-occupied homes.
Median price per sq ft
£228 / sq ft
Average rental yield
3.5%
Capital growth (1y)
-5.4%
Sales in past year
118
* Property stats calculated for last full calendar year (2024).
Live prices in Launceston, South West
* Extreme prices clipped for legibility
Median price
£249,950
25% of properties below...
£181,000
75% of properties below...
£353,750
Most expensive property
£829,950
Live listings
190
Median days on market
88
The next twelve months in Launceston are likely to be steady rather than spectacular. With annual sales at 118 and a median discount of £4,000 (the typical achieved discount), buyers are likely to retain some bargaining power, but the market is not flooded with distressed sellers. Rental demand should remain healthy, given the private rented sector’s 82nd percentile ranking and the median asking rent for a 3-bedroom house at £1,250.
Capital growth may be muted, as the annualised growth over three years stands at 1.0%, but affordability and rental yields should continue to attract investors. While the area’s older demographic may keep demand from younger buyers and renters in check, Launceston’s value proposition and reliable rental market are likely to underpin stable returns for pragmatic investors.
Average yield (%)
* 2025 data for YTD
Median price per sq ft (£/sq ft)
* 2025 data for YTD
Investment properties in Launceston, South West
£136,950
2 bedroom cottage for sale
Higher Cleaverfield, Launceston, Co...
£210,000 - Offers in Excess of
3 bedroom detached bungalow for sale
Windmill Hill Terrace, Launceston, ...
£325,000 - Guide Price
3 bedroom detached house for sale
Hendra Gardens, Launceston, Cornwal...
£60,000
2 bedroom apartment for sale
Westgate Mews, Launceston, Cornwall...
£345,000 - Guide Price
5 bedroom detached house for sale
Kensey Valley Meadow, Launceston
£575,000 - Offers in Region of
5 bedroom detached house for sale
Tavistock Road, Launceston
£105,000
2 bedroom apartment for sale
Launceston. PL15
Buyers have some negotiation leverage, but not much.
• Median discount: £4,000
• 1 in 4 properties sell at > £7,950 below asking
• 1 in 10 properties sell at > £12,000 below asking
In percentage terms:
• Median discount of 2.5%
• 25% of properties discounted by > 4.2%
• 10% of properties discounted by > 5.4%
Top postcodes for rental yield and (annualised) capital growth
GeoGlider calculates property investment stats by blending official and proprietary datasets. Here's a quick overview of key sources and how we use them:
HM Land Registry: Property transaction and sold-price records for England & Wales used to calculate historical capital growth, price levels and comparables.
Office for National Statistics (ONS): Demographic and economic indicators for the UK, including Census 2021, supporting area profiling and market context.
Ordnance Survey: Authoritative UK geospatial data powering accurate boundaries, roads and terrain for mapping and spatial analysis.
GeoProp: Our proprietary AI pipeline that processes millions of property listings to extract rich features and live market signals.
Department for Levelling Up, Housing & Communities: Energy Performance Certificate (EPC) scores and property floor areas.
HM Revenue & Customs (HMRC): Household income and employment data to understand local affordability and economic conditions.
Data is updated continuously, matched across sources and rigorously validated.