Cornwall

United Kingdom

Talland Bay in Cornwall is a new development of 40 x 2, 3 and 4 bedroom holiday properties in a beautiful location with superb views overlooking the sea between Looe and Polperro.

£285,000 to £350,000

The site has been extremely popular since the 1960s as it has been a holiday destination for caravans since then. This means that there is a track record of strong rental demand for this area. There are restrictions for personal occupancy of the site and the properties cannot be used as your main residence although they are available to rent for all 52 weeks of the year.

Courtyard houses, hillside and sea views are all available, with an off-plan discount. The show house will be completed in May 2009 with the development being built over the following 18 months.

There will be a swimming pool, tennis court and gym on the development, nearby is the Eden Project, and the UK national fireworks display. There are a large number of restaurants and traditional Cornish shops, pubs and other facilities. A number of the static caravans on this site have been experiencing 35 week rental seasons. Olive Tree believe 20 - 25 weeks is extremely achievable as there is plenty to do in this very popular area.

The finish of each of the properties is of an extremely high standard, with Cedar hardwood finishing, quality kitchens, slate roofing, quality tiling and choice of finishes to suit your tastes. Some properties will have jacuzzis and balconies.

Demand has been high, as the quality of this development  is unique in the local area, with Cornwall property prices holding out in the UK market.

see Daily Telegraph article

http://www.telegraph.co.uk/property/westcountryproperty/3364017/West-Countryproperty-Polperro-pips-Polzeath.html

Purchase Process

£3,175 reservation

Land purchase 35%

Foundation 15%

Dry shell 25%

First fix 20%

Completion 5%

Off plan mortgages are available, subject to status and can be used to help with the above stage payments.