The news is a lifeline for Easter holidaymakers and the businesses that rely on them. Cornwall had five million visitors last year, lured by 300 miles of coastline, village charm and attractions including Tate St Ives and the Eden Project. However, the holiday home buyers who will turn up this summer are likely to have new priorities.
“The market has changed since 2012 when buyers were more concerned with investment and yield,” says Miles Kevin of estate agents Chartsedge. “Now they are looking for a good lifestyle. People like managed projects and are happy to pay a reasonable price for someone to maintain and let their property, avoiding the hassle that can come with owning a second home.”
Culture and seaside charm combine perfectly in St Ives, with its narrow, cobbled streets, fishermen’s cottages, mild climate and the bright, clear light so beloved of artists.
A mile from the Blue Flag beach at Carbis Bay, five-star Una St Ives opens this summer and offers an indoor pool, hammam, steam room, gym, spa and games rooms to ensure rain will not stop play. A central atrium has a restaurant, bar and shops, while an on-call concierge can organise child care, a private chef or book surf lessons. The first of 120 planned homes on the 20-acre site include one- to four-bedroom modern houses with fresh, clean design along eco-friendly lines - sheep’s wool insulation, triple glazing, green sedum roofs and locally sourced furnishings. Prices range from £160,000 for 494sq ft to £450,000 for 1,480sq ft. Weekly rents range from £873 to £3,200 and rental yields are predicted to be between four and eight per cent. Fifteen homes are sold, with several buyers from London and the South-East.
From £495,000: two-bedroom houses in The Village at Watergate Bay command handsome high-season rents
The Village at magnificent Watergate Bay showcases thoughtful design in a star location, beside the Extreme Surf Academy and a Jamie Oliver Fifteen restaurant. Two-bedroom houses averaging £520,000 sold out fast last year, helped by a guaranteed seven per cent rental yield - £2,050 a week in high season. Resales start from £495,000.
A brisk hour’s clifftop walk away, Natural Retreats is selling fully furnished two- to four-bedroom flats in a small, secure building overlooking Fistral Beach in Newquay. From £365,000 with annual maintenance from £1,275.
From £365,000: two- to four-bedroom fully furnished flats at Natural Retreats overlooking Fistral Beach in Newquay. Annual maintenance starts from £1,275.
Close to Redruth above Portreath Beach, facilities at five-star Gwel an Mor include an equestrian centre, small farm and indoor pool. Along with 58 chalets for rent there are 50 new two- and three-bedroom fully furnished lodges for sale. From £295,000, or £32,500 for a twelfth share. Full ownership comes with a guaranteed yield of six per cent.
The South Coast
Most managed resorts are on North Cornwall’s Atlantic coast - but don’t discount the sailing bays and historic smugglers’ coves of the south. “Buyers perceive value on the south coast and of course it is much closer to London,” says Miles Kevin.
From £350,000: contemporary homes clad in cedar wood and Cornish stone at Talland Bay, near Fowey and Looe
The agent tips Talland Bay, close to Fowey, where London architects Mador & Partners have produced contemporary homes clad in cedar wood and Cornish stone with open-plan interiors and expansive glass. The final three units are for sale from £350,000 for a detached three-bedroom home with roof terrace.