This £2.75M Coastal Retreat Just Dropped by £750K 👀

☕ Sunday Mornings & Million-Pound Dreams

One of my guilty pleasures on a Sunday morning is lying in bed with a steaming Americano, freshly brewed from my £10 Dolce coffee machine 😆 (a true Facebook Marketplace gem), scrolling through luxury Cornish listings and picturing myself basking in the Atlantic breeze.

Then reality hits—my kids wake up, chaos ensues, and my dreams of sea-view serenity fade into the sound of Peppa Pig on full blast.

Luckily, this week’s lineup of dream homes is here to reignite the fantasy. 🏡✨

🔥 This Week’s Featured Listings

• Lanivet, Cornwall – A stunning 7-bed former rectory set in 3 acres (-£100K price drop)

• Penhaligon House, Trinity Street – A prime office investment in St Austell with an 11.95% yield

• Portloe, Truro – A breathtaking 5-bed coastal retreat with sea views (-£750K price drop)

Let’s dive into the details…

Portloe, Truro | Cornwall

📍 Guide Price: £1,999,500
📉 Price Change: Originally listed at £2,750,000 (-£750,500)
🏡 Property Type: Detached Coastal Home
🛏 Bedrooms: 5
🛁 Bathrooms: 4
📏 Size: 4,422 sq ft
🔑 Tenure: Freehold

Key Features

• Designed by renowned Cornish architect Alfred Cornelius

• Stunning coastal position with panoramic sea views

• Includes a self-contained one-bedroom annexe

• Set in 2.76 acres with beautifully planted gardens and a paddock

• Private, gated driveway leading to a walled courtyard

My Take

This home is what Cornish coastal dreams are made of. Perched above the fishing village of Portloe, it delivers uninterrupted sea views, a sense of total privacy, and a layout designed to soak up the scenery.

The price drop makes it an even more enticing opportunity for those looking to secure a slice of Cornwall’s most coveted coastline.

🔗 See the full listing

Lanivet | Cornwall

📍 Guide Price: £1,765,000
📉 Price Change: Originally listed at £1,865,000 (-£100,000)
🏡 Property Type: Detached
🛏 Bedrooms: 7
🛁 Bathrooms: 7
📏 Size: Ask agent
🔑 Tenure: Freehold

Key Features

• Immaculate former rectory with grand period features

• 5 en-suite bedrooms in the main residence, plus 2 more in the West Wing

• 4 reception rooms, 2 kitchens, 2 utility rooms

• Set in nearly 3 acres of private parkland gardens

• Prime location with easy access to A30, Bodmin Parkway, and Newquay Airport

My Take

This historic former rectory blends old-world charm with modern comforts. Whether you want multi-generational living or simply a home with extra space, this property offers flexibility in abundance.

The gardens alone make it feel like a private countryside retreat, while still being within easy reach of Cornwall’s key transport links.

🔗 See the full listing

Penhaligon House, Trinity Street | Cornwall

📍 Guide Price: £2,050,000
📉 Price Change: Previously listed at £2,250,000 (-£200,000)
🏢 Property Type: Office Investment
📏 Size: 45,093 sq ft
🔑 Tenure: Freehold

Key Features

• Fully let to the UK Government until 2031 (break option in 2026)

• Producing £245,000 per annum (gross yield: 11.95%)

• 164 car parking spaces

• Future potential for alternative use (subject to consent)

• Located in the heart of St Austell, close to major transport links

My Take

A rare commercial investment with long-term stability. With the government as your tenant, this is as close to passive income as it gets.

The location and size also offer interesting redevelopment potential down the line, making this a strong play for investors looking for both steady returns and future upside.

🔗 See the full listing

📚 Property Learning: How Does a Government-Leased Property Work?

When you buy Penhaligon House, Trinity Street, you’re not buying it to live in—you’re buying an investment property that’s already leased to the UK Government until 2031. This means the government pays you rent (£245,000 per year) to use the building.

How do you make money?

1. Rental income – The government pays you rent, just like any other tenant.

2. Yield – At the current price, the rental income gives an 11.95% return on your investment.

3. Future resale value – If property values increase, you could sell it later for a profit.

4. Potential redevelopment – If the government moves out in 2026 or 2031, you might convert it into something new (offices, apartments, etc.).

Are there any risks?

• The government could leave in 2026 (break clause), meaning you’d need to find a new tenant or repurpose the property.

• Commercial property values can fluctuate, so resale values aren’t guaranteed.

Bottom line

This is a high-yield, low-hassle investment—as long as you’re comfortable with the potential for a future tenant switch. If you’re looking for passive income with strong long-term potential, it’s worth considering.

📈 Market Watch: Luxury Price Drops Continue

This week’s listings confirm a trend we’ve been seeing—high-end Cornish properties are dropping in price, sometimes significantly.

Whether it’s market correction or sellers getting realistic, now is an interesting time to be a buyer.

🏡 Key takeaway: If you’ve had your eye on a property, it might be worth keeping tabs on price adjustments—you could end up with a serious deal.

💬 Got a Dream Location? Tell Me!

If you could pick anywhere in Cornwall (or beyond) to live, where would it be?

Hit reply and let me know—I’m always keen to hear what makes the dream home list!

Also, if you know someone who’s house-hunting, share this newsletter with them.

Until next time,

🍷 Joe