Cornwall attracts savvy buy-to-let investors
Savvy buy-to-let investors looking to take advantage of the down-turn in the property market and expand their portfolios should turn their sights to failsafe locations such as Cornwall, the Cotswolds and the famous collegiate city of Cambridge, according to leading agents and lenders.
While Central London continues to be a popular investment area for the buy-to-let market, those on the lookout for new investment opportunities should consider UK “investinations”. These locations will benefit from universal appeal and will always be sought after due to their heritage and thriving tourism market, which make them set to top the ranks for failsafe investments in 2010.
In the case of the coastal resort of Cornwall, specifically in Newquay, the property market is strengthening and demand for a high quality product which caters to both full residential and also rental requirements is increasing.
Newquay has a range of delights to attract holidayers. Regarded as the experience capital of the UK, Newquay attracts around 750,000 visitors a year, drawn to North Cornwall’s stunning scenery, vibrant amenities and spectacular beaches, especially Fistral Beach, one of the major surfing centres on the South West coast.
The opening of flight paths between the major cities and Newquay has been another contributor to Cornwall’s growth. This new gateway into the area has given the economy a significant boost while increasing its accessibility to thousands of visitors.
Gail Streatfeild of selling agent, Knight Frank comments: “Purchaser confidence has renewed in Cornwall due to buoyant sales in the second half of 2009 and the second home market for properties in excellent locations has bucked the trend of the market. In Newquay we are seeing relatively good sales volumes with buyers seeking an investment which they can then enjoy for their own holidays.”
For those seeking a unique purchasing opportunity in a failsafe investination, haute couture Cornish-based developer Acorn Blue is offering investors seeking both a lifestyle and financial investment a collection of stunning apartments at their developments Zinc, Pearl, Azure and Cribbar located on the exclusive Headland Road – dubbed Newquay’s Millionaires Row, which overlook the world famous Fistral Beach and Newquay Links Golf Club.
These four stunning developments offer a range of styles, from the contemporary modern apartments at Zinc, the boutique style homes at Pearl or the amazing views from the private terrace at Cribbar, there is something to suit everyone. Those with large families or who enjoy entertaining friends should also consider the five-bedroom penthouse at Azure, which occupies the whole fourth floor.
These landmark schemes offer a new standard in beachside living, complete with striking architecture and chic designs – a calibre of beachside properties not seen in the UK coastal market ever before. A property within an Acorn Blue development overlooking Fistral Beach is fast becoming a ‘must have’ for the discerning buyer. From the initial concept through to interior design each new home is designed to maximise its very special location together with the lifestyle of its residents.
Gail Streatfeild continues: “The aged old phrase of location, location, location does ring-true when it comes to investing in 2010 and Acorn Blue’s properties on Fistral Beach, Newquay tick all the right boxes.”
As well as being a great Cornish holiday bolthole the properties offer attractive rental opportunities for savvy investors due to the strong holiday rental market. Acorn Blue is offering a 6% rental return for three years on selected apartments.
Newquay is perfectly positioned to take advantage of North Cornwall's road and rail infrastructure with good access to the main A30 which links with the M5 in Exeter for routes to the rest of the country. It is home to one of the UK’s fastest growing airports, which is served by all the leading airlines providing connections throughout the UK.
Prices at these four developments range from £199,950 for a two bedroom apartment to £525,000 for a three bedroom apartment. Prices for the penthouses range from £395,000 to £1,350,000. For further information on any of the developments, log onto: acornblue.co.uk
