With latest research by Direct Line noting that Cornwall is the most popular location in the UK for holiday homes, it was of no surprise that the Fine & Country Teams from the Cole Rayment & White offices experienced high levels of interest from potential buyers seeking a second home and/or investment opportunity, at their inaugural Mayfair property exhibition.
The estate agent also had enquiries from commuters wishing to move to Cornwall permanently, seeking the lifestyle that the West Country has to offer and escapism from the hustle and bustle of City life.
The event was hosted at Fine & Country’s prestigious Park Lane showrooms in London on the 17th and 18th April, providing their sellers in and around Rock, Padstow and the Camel Estuary, access to the lucrative London and International investor markets.
Jeff Cole from Fine & Country comments: “With its 300-mile coastline and recent excellent weather, it is no wonder that Cornwall continues to attract families wanting to go on holiday in the UK, rather than pay the vast expense of going overseas. Holiday Lettings is a booming industry down here for that reason and so second home owners are looking to tap into that market.”
“Rock, Daymer Bay and Polzeath are the most sought after locations round here with London buyers, due to house price growth and rental returns. During the 8 weeks of the summer season for example, owners of good quality holiday homes can expect to earn upwards of £2,500 a week for anything within walking distance of the beaches, and anything with a sea view can command upwards of £1,500 a week. Even during the winter months, these properties can earn £500-£800 per week. Properties here rarely appear on the market, especially the front line ones, so when they do they are snapped up. If priced correctly they usually achieve guide price, if not more.”
“For those looking to move to North Cornwall permanently, locations such as Wadebridge and the surrounding villages are extremely popular. They’re still close to the beaches and sailing facilities of the likes of Rock and Polzeath, but they offer the joys of traditional Cornish life away from the tourist crowds, and properties are much more affordable. For example, a spacious four bedroom country cottage surrounded by countryside views can range from £350,000 to £500,000, offering an idyllic retreat for a London family or those looking to downsize from elsewhere in the UK.
“Our London property exhibitions offer our local vendors unique access to those buyers at one of the most prestigious locations in the world, so I am delighted that our latest exhibit was a success. I look forward to the next one!”
Fine & Country and Cole Rayment & White through the Guild of Professional Estate Agents, are part of a Global Network of carefully chosen independent estate agents, which allows them to promote their clients’ properties to the widest possible audience. Combined with strong marketing and PR services, the company is best placed to promote property across the UK, including key media such as Sunday Times, Telegraph and Evening Standard.
For more information about exhibiting your property at the next Park Lane property exhibition, please contact your local Fine & Country team at Rock 01208 869218 or Padstow 01841 533386