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If you are considering buying a holiday home in Cornwall, there are so many options when it comes to location, and it can be a daunting prospect to begin your search. In this article, we will highlight a few key things to look out for when looking for the perfect holiday home, along with our top 6 places to buy a holiday home in Cornwall.
If your end goal is to let out your holiday home to guests, and we definitely think it should be a consideration, think about who might be coming to stay and what their expectations from a holiday property are. Will you be catering to families? Will you accept pets?
To make sure a property appeals to holidaymakers, we would advise its location fits within at least one of the criteria below:
In Cornwall, we are lucky to have a wonderful coastline, so even the most rural spots are often not far from a beach. Choosing a rural property is very appealing to holidaymakers – they will appreciate the quiet countryside, especially if they have travelled from the hustle and bustle of a city!
While areas such as St Ives and Padstow are great spots, they have become saturated with holiday properties over the last few years. These are certainly still very popular with holidaymakers, but you may end up paying a premium for a property in these areas, so it is important to weigh up the financial benefits and compare the expected rental yields for different locations.
It is worth considering some up and coming areas such as The Lizard, The Roseland Peninsula, Hayle, Sennen Cove, Wadebridge and Porthleven, which are all very desirable to potential guests visiting Cornwall for a holiday.
Below we have highlighted a few areas we would recommend to begin your search but there are a plethora of options out there, so these are some suggestions of our top 6 places to buy a holiday home in Cornwall.
A stunning harbour town in East Cornwall and most definitely an up and coming area, Looe is a popular destination for many visitors. The town is split in two by Looe River, with a nineteenth century bridge connecting East Looe and West Looe. East Looe houses the harbour and main shopping centre, and the quieter West Looe has several shops and artisan restaurants.
Property prices in Looe are, on average, slightly lower than more famous areas, meaning you might get more for your money by setting up your holiday home in the East of Cornwall.
Average house price paid = £284,923
Average house value = £306,242
A holiday in Porthleven offers a wonderful escape from the stresses of everyday life and, as such, is a great choice for a holiday home. The harbour has much to enjoy in all seasons; in summer it has blue tranquil waters, while in winter, when the wind blows, watching the waves and storms crash dramatically into the bay is a scene to behold.
The curve of the harbour wall is lined with whitewashed houses and traditional silhouettes – with the iconic clock tower standing in the centre of the scene. There are some fabulous independent shops, galleries and eateries here, a real foodie destination. On the far side of the granite pier there is a lovely golden beach – the perfect spot for surfers and families at low tide.
Quaint coastal cottages line this harbour village and are certainly an attractive and memorable proposition as a holiday let.
Average house price paid = £271,744
Average house value = £287,675
Falmouth is one of the most well-known resorts in Cornwall and has a wide variety of shops, cafes, pubs and restaurants and is a really popular base for a holiday home. The many seasonal festivals including the Oyster Festival, Falmouth Week and a whole host of international sailing events, have really put Falmouth on the map.
Perched overlooking Falmouth is the iconic Pendennis Castle and there are many other attractions nearby such as Ships and Castles swimming pool and the Maritime Museum. You can also hop on the boats which tour the River Fal from the Prince of Wales Pier, where you can visit St Mawes or venture further up the river to discover Cornwall’s capital city of Truro.
Character filled townhouses line the streets surrounding the centre of Falmouth, which are perfect for holiday letting, whether you choose to keep the house as one or convert into multiple apartments to increase your investment potential. There are also a handful of small villages in the surrounding areas which are worth considering, such as Mawnan Smith, Gweek, Constantine, Flushing, Mylor and many more.
Average house price paid = £382,898
Average house value = £363,871
Situated on the South coast of Cornwall, roughly equidistant between Marazion and Penzance to the West and Helston to the East, the village of Praa Sands (often pronounced ‘Pray’) is home to a beautiful white sandy beach and close to many wonderful coves, such as Rinsey and Prussia.
It is a paradise for surfers and is a great place for families to enjoy time at the beach, providing a base for touring the West of Cornwall. Buying a holiday home here would be a great choice.
Average house price paid = £401,260
Average house value = £426,213
Fowey was a major port in the fourteenth century and was more recently used for the export of china clay. St Catherine’s Castle is close by, as well as the picturesque harbour. Fowey Museum, located in the town hall is open throughout the summer, providing a very interesting insight into the town’s eventful past.
There are some fantastic seasonal events nearby, including the annual Fowey Festival of Arts, which usually takes place in May. As such, Fowey is an excellent option for a holiday home.
Average house price paid = £431,577
Average house value = £449,731
The village is steeped in history with places such as The Old Success Inn which is over 400 years old. The beach at Sennen Cove is called Whitesands Bay, with almost a mile of fine sand stretching around to neighbouring Gwenver Beach. Surfing and sandcastles are a perfect pastime here.
Sennen Cove is also just a stroll from world famous Lands End, meaning a holiday home here is perfectly positioned to appeal to guests wishing to visit one of Cornwall’s most iconic stretches of coastline.
The bustling town of Penzance is nearby, with a selection of independent eateries and shops in the high street. It is also home to the UK’s largest art deco seawater lido, the Jubilee Pool, a geothermally heated outdoor facility which is well worth a visit.
Average house price paid = £716,250
Average house value = £413,202
When considering a location for your holiday home, also try to picture what your guests may enjoy doing on their holiday and try to accommodate for this at your property. For example, if you are close to a river or woods, adding a boot station is a nice touch but will also help keep much of the dirt at the door! You could even supply the boots yourself – guests will love this. Or if by the coast, perhaps an outdoor area to store wetsuits and hose them down.
A good sized enclosed garden will be important for families and those with dogs for space to run around, while a large open plan living space is a good idea when it comes to attracting larger groups to your property.
Now this is where we come in… with over 50 years’ experience, we know a thing or two about holiday letting in Cornwall. With a local and knowledgeable team on hand to assist our holiday homeowners, letting with us really is hassle-free.
Our dedicated expert property team will be able to help guide you through the process. If you are thinking of buying a property in Cornwall and are looking for advice, get in touch with us today. We know buying a holiday cottage is a very big step and it is important to get it right, so our offer of a free income projection can help you make the best decision.
Visit our Thinking of buying owner advice blog for further information about buying a holiday home in Cornwall.
If you’re interested in letting your holiday property or are considering purchasing one, visit our Let Your Cottage website today. Or why not give our friendly team a call on 01326 336773 (select option 2 for owner enquiries).
*Please note: House values and average prices are from Zoopla estimates from sales in the last 12 months and were correct at the time of writing. We try to ensure the information is up to date where possible.