A development of buy-to-let properties overlooking Newquay golf course on the north coast of Cornwall had a very successful open day at the weekend. Renewed buyer interest is thought to have come from the fact that people are choosing to invest in property instead of leaving savings in bank accounts accruing little or no interest.
Bredon Court in Newquay, Cornwall, is offering rental yields of 6-7% anticipated on buy-to-let. 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.
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 in 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. Contact Knight Frank (01392 848844; www.knightfrank.co.uk)