Low interest rates boost appeal of seaside buy-to-let

In the West Country, Knight Frank’s residential development team is reporting a renewed interest in the buy-to-let sector on the basis it looks more attractive to invest in property than leaving savings in the bank not making any returns right now.

Knight Frank’s latest new instruction, Bredon Court in Newquay, Cornwall, is looking like the next hot spot to take a look at. With rental yields of 6-7% anticipated on buy-to-let it is seeming a very attractive proposition. This brand new completed development of 30 two and three bedroom apartments is situated on Newquay Golf Course with views of Fistral Beach and the Atlantic Ocean beyond.

Approached via electronic gates, these spacious apartments are ready for the summer season and whether buyers are thinking of using them for themselves or taking advantage of the huge demand for holiday lettings in this prime Newquay front location they have tremendous appeal.

Miles Kevin, partner, Knight Frank, commented: “Low interest rates have boosted the investment appeal of buy-to-let in the holiday home market, especially in light of the record demand for UK holiday rentals this year as less people opt to go abroad. For those who want a spacious property at an affordable price in a location that’s right at the heart of everything with some of the town’s most spectacular views, Bredon Court in Newquay ticks all the boxes.

“The fact the development is actually complete and ready to move straight into or let out makes it especially attractive in today’s market. Owners will be able to wake up to the sound of the surf then have the option to have breakfast at the neighbouring Newquay Golf Club followed by a round of golf; or bacon and eggs at Fistral Blue, the stunning restaurant on Fistral Beach, before going for a surf.

“Meanwhile, accessing the beach could not be easier with a footpath across the Golf Course, therefore no roads to cross with the little ones.”

Bredon Court offers some of the most spacious new build accommodation in Newquay, with even the smallest flat measuring a generous 951 sq ft. Larger units measure around 1,500 sq ft.

Prices start from £210,000 for a two bedroom, two bathroom apartment with a large terrace.

For more information visit Knightfrank.com.