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Why does St Mawes have an average house price of £1 Million?

The Moorings, St Mawes

H Tiddy Independent Estate Agents have been established for over 100 years and are the most dominant estate agent in St Mawes with approximately 80% share of the market.  The company is managed on a day-to-day basis by Director and Shareholder, Mark Willson. Mark was educated at Truro School and after completing an Accountancy Foundation Course at Plymouth University, he became a trainee negotiator / surveyor for a local estate agent in Truro in 1986. Mark has worked in the west and mid Cornwall areas for the majority of his career before joining H Tiddy in 2006. He is a Member of The National Association of Estate Agents and an Appointed Member of the Guild of Property Professionals.

According to Land Registry Data for 2017, the average house price in Cornwall was around £227,000, with Truro reporting £259,000 as the average price for a home. H Tiddy sold over £22 million out of around £27 million pounds worth of property that exchanged contracts in St Mawes in 2017. The average house price in the village rose to just over £1 million compared to around £820,000 in 2016.  Mark Willson commented: “according to H Tiddy’s own comprehensive local knowledge, so far in 2018, the village has increased its average house price to around £1.2 million. This figure is slightly distorted with two properties selling in the £3 million pound area, but still contradicts recent house price reports that the housing market in the UK is declining”.

The exclusive and enchanting south facing coastal village of St. Mawes is found on the eastern side of the Falmouth Bay to the southern end of the Roseland Peninsula, (an Area of Outstanding Natural beauty and often referred as the Jewel in Cornwall’s Crown). St Mawes was a rotten borough, the whole village being once owned by the Duke of Buckingham. It is the principal village of the Roseland, being surrounded by water on three sides. On the opposite side of St Mawes Harbour is the National Trust owned St. Anthony Headland, with its lighthouse guiding ships into Falmouth Harbour and warning them of the Manacles, a reef jutting out from the Lizard Peninsula. St Anthony was also the site of a gun battery from Napoleonic times until after the Second World War. About 450 years ago, coastal defences were provided by Henry VIII, who built St Mawes Castle and Pendennis Castle in Falmouth. Following the coast, past St Mawes Castle there is a delightful stroll to the 14th Century creek side church of St Just-in-Roseland, which John Betjeman called ‘to some, the most beautiful churchyard on earth’.

St Mawes is centred round its quaint harbour, rows of pastel and whitewashed cottages scattered within narrow streets, 3 beaches and the Castle. It has a fairy tale aura as well as a wide range of amenities, which are open all year, including butchers, bakers, convenience store, post office/newsagent, doctors, hairdressers, dentist, pharmacy, village hall, churches, delicatessen and clothing shops.  The village also has two public houses, and an excellent range of cafes, restaurants, art galleries, gift and ice cream shops. St Mawes has one of the most active sailing clubs in the South West, which was established in 1920. The sailing is magnificent. There is the sheltered bay, harbour and Percuil River as well as the Carrick Roads (the world’s third most deepest natural harbour). There are weekly races and regular regattas which culminate in August's Falmouth Week. It's no coincidence that the area is where Sir Ben Ainslie learnt his sailing skills.   

Pictured is a property called The Moorings on Lower Castle Road in St Mawes which H Tiddy are currently marketing at a guide price of £1,950,000. This elegant and stylish 4 bedroom Victorian terraced property has a wonderful waterside garden including foreshore. It was purchased by their client in 1997 for not an insignificant amount of money then. This was the same year Olga Polizzi CBE, the daughter of hotelier tycoon Lord Forte, and her husband, writer William Shawcross CVO, bought a property located a few doors down from The Moorings.  Olga and William opened Hotel Tresanton in 1998, offering, amongst other luxuries, a magnificent 8 metre classic yacht, Pinuccia, for guests to sail on. The hotel was one of the first and still is one of the finest boutique hotels in Europe.  Its most recent addition is its Mediterranean style Beach Club. The hotel escalated St Mawes in to becoming “chic”, attracting guests such as Prince Charles and the Duchess of Cornwall, including a strong number of “A listers”, to embrace the village’s magic.

David Richards CBE (of World Rally and Formula One racing and Aston Martin fame), and his wife Karen have been home owners in St Mawes for a number of years. The Idle Rocks Hotel has been a part of the community since 1913. The hotel was purchased by the Richards in 2010. It was closed on 31st October 2012 for a complete refurbishment and reopened on 1st July 2013. The hotel is a proud member of Relaix and Chateaux and has won many accolades, most recently being voted in the “50 Best Beach Hotels in Europe”. H Tiddy negotiated the sale of The St Mawes Hotel to David and Karen Richards in 2014 as an addition to their hotel portfolio. The premises went through a complete refurbishment to accompany the sumptuous and fashionable style of its sister hotel, including the addition of a cinema. The St Mawes Hotel, as well as a local fish restaurant, The Watch House, (owned by Will Gould), offers customers a more bistro style environment compared to the fine dining experiences found at The Idle Rocks and Hotel Tresanton.

A few doors down from The Idle Rocks Hotel is a row of quintessential cottages adjacent to Summers Beach. On 25th June 2016 (two days after the Brexit referendum),  a 3 bedroom end of terrace double fronted waterside cottage, that required complete modernisation was launched on the open market by H Tiddy at a guide price of £725,000. The company’s widespread marketing campaign created 26 viewings culminating in a competitive bidding situation with a handful of cash buyers putting forward their best and final offer. The property was sale agreed on 25th July and completed in September 2016 at a figure of £809,101.  

We asked Mark Willson, why does St Mawes have a million pound plus price tag? Mark answered: “St Mawes has been compared to St Tropez, which also is a harbour side community at the foot of a castle where the rich and famous hang out. St Mawes is picturesque, it has a mini micro climate, being one or two degrees warmer than anywhere else in the country. Its geography allows the majority of its houses to have captivating water views as well as being within walking distance of all of it’s facilities and amenities.  We have an all year round regular ferry service connecting us across the water to Falmouth and Truro. St Mawes has been fashionable for many years. After the war, when there were currency restrictions, some locals still talk about Princesses Elizabeth and Margaret buying ice creams in the local stores. In the 1960’s and 1970’s, the Queen Mother, Princess Margaret and her two children, were regular visitors to the village. The Royal Yacht Britannia was often seen moored in the harbour. Today, the village, its exclusive boutique hotels, and their owners are often featured in high profile glossy magazines, the National, and International press, luring film stars and tourists of all walks of life to the village”.

Mark summarized: “What really makes St Mawes special in my opinion is its friendly and unassuming lifestyle. People appreciate everyone’s refreshing nonchalance. Respect is given for those who yearn for privacy. Equally, the village has a variety of social events throughout the year. Many of our buyers comment that they have been visiting the village for many years, which is why 44% of our buyers chose to live in the village permanently last year.”     

H Tiddy have a varied number of interesting properties available on the market with prices ranging from £49,500 to £3,000,000. They can be contacted by telephone on +44 (0)1326 270212, by email at sales@htiddy.co.uk or simply visit their website: www.htiddy.co.uk.

 

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