Cliff-Top Home Overlooking England’s Carbis Bay Lists for £1.5 Million as G7 Summit Brings Attention to the Coastal Enclave

A cliff-top home in Cornwall that last week had front-row seats to the gathering of world leaders including President Joe Biden, Prime Minister Boris Johnson and German Chancellor Angela Merkel has come to the market in the U.K. 

The five-bedroom property, which listed Friday with Savills for £1.5 million (US$2.1 million), has vast panoramic views across the ocean and Carbis Bay, the coastal village that was the setting of this year’s G7 summit. 

“Carbis Bay is one of the safest beaches in the southwest and at around a mile long, the golden sands bathe in the bright light of west Cornwall,” said listing agent Chris Clifford of Savills Cornwall. “It’s no wonder that any sale in the area will excite prospective buyers. In this case, though, it is exceptionally rare to see a property of this caliber—detached, relatively untouched and in an outstanding frontline location—on the open market.”

The home spans more than 2,700 square feet and has beamed ceilings, oversized windows, a large oceanfront terrace, a self-contained apartment and is in need of refurbishment throughout, the listing said. 

Savills

It’s not clear in records when the most recent owner, who died in 2019, bought the property.

Savills has already had a wealth of interest in the home, a reflection of both the property itself but also the soaring demand the local market is experiencing, Mr. Clifford said. 

“This April alone our team registered two times more new buyers than in April 2019 and so far this year have agreed 13 times more sales, averaging 100% of guide price,” he said. “Prompted initially by the pandemic, buyers, particularly at the top end of the market, are now prioritizing lifestyle when searching for property and this is driving great interest in Cornwall.”

He said he expects the trend to drive activity in the area over the course of the year and beyond.

Savills

As a result of the increased publicity brought about by the G7 summit, which concluded on Sunday, Carbis Bay has seen its popularity surge, according to recent data from online property portal Rightmove. 

From June 8-9, online buyer searches for Carbis Bay jumped 103%, the firm said, adding that the village has an average asking price in excess of £384,000, which is more than £50,000 higher than the Cornwall average of £331,655.

Article Source: Mansion Global