Feb 11 • 14:30 UTC 🇬🇧 UK Mirror

Homes Under the Hammer star shares bad news as buyers 'banned' from living in property

Martin Roberts warns potential buyers that a Cornwall property auctioned for £50,000 cannot be used as a residence.

In a recent episode of the BBC show 'Homes Under the Hammer', presenter Martin Roberts highlighted important restrictions regarding a property auctioned in Gunnislake, East Cornwall. The property, listed with a guide price between £30,000 and £50,000, is intended solely as a holiday let, meaning it cannot be used for permanent residence. Roberts described the charm of the location, situated in an area of outstanding natural beauty, making it appealing for holidaymakers but problematic for buyers seeking a home.

Roberts emphasized the need for potential buyers to consider these restrictions seriously, as it could significantly impact their investment decision. The property market in Cornwall is known for its picturesque settings and holiday accommodations, which attract many visitors. However, the regulatory framework surrounding such properties can deter those looking for long-term living options. The popularity of Cornwall as a holiday destination underscores the need for more awareness regarding property ownership laws in the region.

The episode serves as a reminder of the complexities involved in purchasing property in tourist-heavy areas. While the prospect of owning a holiday let can seem lucrative, the restrictions that come with such properties should not be overlooked. This warning could influence the decision-making of potential investors and buyers, impacting the local real estate market in Cornwall.

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