The property market in Cornwall and the South West is buoyant, and with current demand for long term rental homes in Cornwall at an all time high, there’s never been a better time to invest in a buy to let property in the area.
This is particularly true in the north Cornwall seaside town of Newquay, where many reliable, long-term tenants have been asked to move out of their rental properties as landlords put them up for sale to take advantage of the soaring property prices seen during the Covid-19 pandemic.
With fewer properties available for rent, this has led to local letting agents seeing upwards of 40 applicants for each available rental property, with many as a result being let out at way over their standard rental value.
While this is not good news for tenants, for buy to let landlords, there is a good opportunity to take advantage of the current uplift in both demand and property rental value using the buy to let scheme, whilst securing longer term tenancy agreements with, and providing housing for, local professionals and families from Newquay and the surrounding areas.
If you’re thinking about investing in a new build property in Cornwall, read our guidance on buy to let mortgages below.
Buy to let mortgages on new build properties in Newquay
A buy to let mortgage is a mortgage for those who want to invest in a property rather than living it in themselves. This includes on our new build properties in Newquay, Cornwall.
A safe, long term investment for landlords, tenants in situ will essentially pay off the mortgage on the property, whilst generating an income/rental yield of anywhere between 25% and 30%, which can be used for anything from funding more investments, building up an enhanced pension, to enjoying that dream holiday.
Cornovia properties for sale in Newquay
In the increasingly popular town of Newquay and close to Fistral Beach, we currently have a range of coastal new build homes and flats suitable for renting, which are due for completion in 2022 and 2023.
If you’d like to enquire about the luxury coastal properties in Cornwall we have available to purchase via the buy to let scheme, contact our team on 01872 303118.
3 – 6 Fistral Beach VillasPentire Avenue, Newquay, Cornwall
1 – 2 Fistral Beach VillasPentire Avenue, Newquay, Cornwall
TidelinesPentire Avenue, Newquay, Cornwall
Buy one of our new coastal properties in Cornwall and experience the county's beautiful footpaths and its glorious beaches for a true Cornish lifestyle.
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