Brexit nervousness allayed for the country property market in Cornwall.

Andrew Jeffery, Regional Associate Director of Fine & Country Cornwall discusses:

With the vote to come out of the European Union nearly three months past,   the country market in Cornwall is nothing less than encouraging in confidence from buyers and sellers.

Following the vote on the 23rd June and the long weekend (as it felt) until the start of the first full week after, I went to the office with trepidation to see if we were going to face buyers pulling out of their deals, and an atmosphere of panic but there was none of it. Indeed the opposite. I had prepared a lengthy article with several new instructions published in.  This paper’s Summer Property Review on the Saturday before and was prepared to have no calls for information but the opposite was the case. A good number of calls came in requesting details and indeed several viewing appointments and not a mention of the momentous vote only days before.

Despite the roller coaster of political change after, We found reasonable optimism with vendors  going to the market with a good quality range of new instructions and equally, an increase in viewing appointments in what is normally a quieter time for the market just before the schools  broke up. As the Sunday Times recently reported, the previous Chancellors forecast of foreboding with a significant fall over two years if with left the E U appears to be wrong but lets us hope that in these early days, that the confidence in the market will remain. The same paper also gave their forecast of the winners and losers in the market post Brexit and one of the strongest winners was Cornwall, a likely future destination for those previously looking to buy in Europe.

The settling down of the market especially in the country was born out by 3 properties I have recently sold by auction or prior in the last few weeks.  We were prepared for possible no sales but all three sold well and one near Bude sold for a figure £50,000 above the reserve.

As ever price is king, so we continue now into the autumn, probably the best selling time of the year, and expect realistically priced property to have a reasonable demand.

Recent new instructions include Dovedale Cottage Jacobstow, for sale for £529,950 is a highly versatile five bedroom detached barn conversion with gardens and a large paddock enjoying a lovely rural location with a large timber outbuilding, plenty of seclusion and privacy and some gorgeous countryside views.

Coomberry House Bodmin is set in private and part walled garden of just under half an acre and is a grade 11 period attached individual 4 bedroom home in this delightful setting. The property is competitively priced at £350,000. 

Nestled on the outskirts of sought after Cardinham Woods, Glynnwood is a spacious detached bungalow surrounded by peace and tranquillity. The beautiful gardens extend to about 1.36 acres bounded by Cardinham Water and has a beautiful pond filled with lily pads. There is an additional area of woodland of about 0.4 of an acre a short distance down the lane. This is indeed a rare and special location and is for sale for £500,000.

For those seeking a country cottage of the true Cornish vernacular, Folly Cottage is a must for those seeking privacy with no near neighbours. The cottage is near St.Neot, has gardens of about 0.6 of an acre and has large accommodation including 4 bedrooms, main en-suite and 2 reception rooms, and wonderful country views over the Fowey River valley. The stunning interior and setting must be viewed and is priced at £485,000.

 For details of these or other properties please telephone 01208 76800.