Acorn have just announced that they have paid £2.5m for a 0.25 acre site on Headland Road - that's £10m an acre. They plan to build 14 apartments.
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It seems there's no stopping Acorn's appetite for building quality Newquay self catering properties!
Wednesday, 25 June 2008
Monday, 16 June 2008
Plymouth opportunites
Two new properties signed in Plymouth today. One at Royal William Yard and one at Azure on the Hoe. These offer two properties offer different sides of Plymouth.
The development at Royal William Yard is perfect for a quiet self catering holiday in Plymouth, where people want the convenience of being in a major town yet peace and a degree of exclusivity. Urban Splash have taken a great piece of 200 year old historical architecture and bought it firmly into the 21st century - there really is nothing like it around and the property we have signed is truly stunning.
The property at Azure is something entirely different. Totally modern and with great views from its prime position on the Hoe across Drake Island and with Burgh Island in the far distance, yet with the facilities of Plymouth only a 5-10 minute walk way. For a city centre Plymouth holiday it really is perfect.
Plymouth is an untapped market for holidays. Perfectly located for the South Hams and South East Cornwall but with loads to entertain on hand it is something different. A traditional holiday destination a hundred years ago, the money spent in Plymouth over the last 5 years could be about to pay off.
The development at Royal William Yard is perfect for a quiet self catering holiday in Plymouth, where people want the convenience of being in a major town yet peace and a degree of exclusivity. Urban Splash have taken a great piece of 200 year old historical architecture and bought it firmly into the 21st century - there really is nothing like it around and the property we have signed is truly stunning.
The property at Azure is something entirely different. Totally modern and with great views from its prime position on the Hoe across Drake Island and with Burgh Island in the far distance, yet with the facilities of Plymouth only a 5-10 minute walk way. For a city centre Plymouth holiday it really is perfect.
Plymouth is an untapped market for holidays. Perfectly located for the South Hams and South East Cornwall but with loads to entertain on hand it is something different. A traditional holiday destination a hundred years ago, the money spent in Plymouth over the last 5 years could be about to pay off.
Thursday, 12 June 2008
Eco development near Liskeard
We visited a new development of 15 eco-friendly new build lodge properties today. Situated in mid-Cornwall, just north of Looe, Kingsand/Cawsand and Fowey they overlook lovely countryside but are just a 20 minute drive to beaches. They are also handy for Bodmin and Dartmoor. Their eco-credentials are sedum roofs, onsite bore hole, FSC timber and A-rated appliances.
Prices start at £199,000. For more details visit their site.
Monday, 9 June 2008
Cornwall and Devon property - press articles
A bit of gloom and a glint of hope....
http://property.timesonline.co.uk/tol/life_and_style/property/buying_and_selling/article4074295.ece
http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2008/05/13/pcornwall113.xml
Having talked to a number of agents volumes are clearly down - some saying that volumes are half of this time last year. Newquay seems to be bearing up OK but across the region generally sales are slow and sale prices are 10% under the asking price, with many properties falling through before exchange. There are alot of developers with spare stock on their hand, though the best developments in the best locations seem to be taking the downturn better than anything which doesn't stand out from the crowd.
Obviously this presents opportunities for those willing to take a bit of a risk as developers, and a number of resale owners, look willing to make significant reductions in expected asking prices.
http://property.timesonline.co.uk/tol/life_and_style/property/buying_and_selling/article4074295.ece
http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2008/05/13/pcornwall113.xml
Having talked to a number of agents volumes are clearly down - some saying that volumes are half of this time last year. Newquay seems to be bearing up OK but across the region generally sales are slow and sale prices are 10% under the asking price, with many properties falling through before exchange. There are alot of developers with spare stock on their hand, though the best developments in the best locations seem to be taking the downturn better than anything which doesn't stand out from the crowd.
Obviously this presents opportunities for those willing to take a bit of a risk as developers, and a number of resale owners, look willing to make significant reductions in expected asking prices.
Friday, 6 June 2008
Westward Ho! New Builds
There are 2 new major new developments in Westward Ho!Nassau Court has been completed for a year now but there a still a few remaining units available through Stags. Existing units have been renting out very successfully over the last 12 months.
Horizon View have just come to the market, with about 10 of the 64 available units sold. These are good quality units with great views (left), starting at £249,000. They are also being marketed through Stags.
Westward Ho! is a traditional holiday town but looks like it will ride the redevelopment of the South West coastline. There are 2 or 3 more developments planned including one on the site of the old Bucaneer pub.
View current Westward Ho Self Catering properties if you are interested in rental prices in the area.
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