With national and local politicians speaking out about additional homes, and pushing up taxes on them at the same time, the holiday home resort would seem a tough investment right now.
But Sacha Cauwels-Wigan - the general manager of five-star Cornish holiday home resort Gwel An Mor - has set out seven reasons why property investors should give this kind of deal some consideration.
Location - Cornwall's popularity as a holiday destination continues to soar, ensuring a steady demand for quality holiday homes. Cornwall is renowned for its breathtaking coastline, boasting stunning beaches, rugged cliffs, and picturesque fishing villages. Gwel an Mor is nestled in a prime location with awe-inspiring sea views, providing an ideal setting for a serene and idyllic escape.
Security and Maintenance - Gwel an Mor offers a fully managed onsite maintenance team. Long-distance security concerns and maintenance issues are alleviated, allowing homeowners to maximise their earning potential while enjoying the benefits of hassle-free ownership.
Tax Relief - Designed and built to meet building regulations. Gwel's luxury holiday homes are mortgageable but also eligible for significant tax relief through 'capital allowances' as Furnished Holiday Lets (FHL). This opportunity surpasses the complexities of buying holiday property overseas, making the UK holiday resort ownership experience straightforward. According to Specialist Tax Consultancy Stax you could save up to 25 per cent on the value of your property.
Easy Access to Earning Potential - Situated near St Ives, Gwel holiday homes have the potential to earn owners over £2,900 per week during peak season. Through the "Premier Lettings" service, owners can easily generate income from their holiday homes without sacrificing their time. Owners can enjoy an average gross income of £36,500 from letting their properties, covering running costs and potentially providing even more income. This £36,500 figure is based on the average gross income of owners of a 3-bed lodge at Gwel an Mor in 2022 before annual running cost deductions. Income will vary depending on the date of purchase, demand, and number of bookings during the holiday season.
Sustainable Designs - Gwel an Mor lodges prioritise eco-friendly designs that harmonise with nature, ensuring that each indulgent retreat has a minimal environmental impact. Built to new home building regulations with a 999-year lease, each property offers energy-efficient interiors, spacious open-plan layouts, and sumptuous decking areas.
Resort Facilities - Gwel an Mor offers a plethora of family-friendly facilities on site. With amenities such as a dedicated pool, spa, restaurant, bar, play area, activity team, nine-hole golf course, and a unique wildlife centre, recharging personal batteries becomes effortless. The lodge resort is beautifully maintained, surrounded by managed parkland, woodlands, and breath-taking views of the Cornish coast and Portreath fishing port.
Sustainable Cornish Communities - Gwel an Mor offers a sustainable holiday home solution that doesn't impact the local housing stock and is not affected by the recent announcement from the Housing Secretary Michael Gove proposing planning restrictions on second homes being used as holiday lets in Cornwall. Gwel an Mor's properties are specifically designed for holiday home ownership, prioritising environmental and community sustainability.