Since 2002, the Holiday Property Bond has owned Lower Knapp Farm near Honiton, south Devon: 16 beautiful holiday units deep in the heart of the bucolic tranquillity of the Devonshire countryside.
But, as of May 3rd 2024, to that can be added a further 18 magnificent holiday properties to the north of the county. These properties boast the facilities and amenities you would expect at an HPB site (heated indoor swimming pool, tennis courts, clubroom etc) plus jaw-dropping views over Peppercombe Beach and the bay beyond…
Because Northway Court is open, and has already welcomed its first guests.
We were delighted to be joined on opening day by former French Open tennis champion, TV presenter, Bondholder, ‘Face of the Holiday Property Bond’ and native Devonian, Sue Barker CBE. Sue unveiled the commemorative plaque and then joined HPB co-founders Geoffrey Baber and Robert Boyce for a tour of the site. Robert, and particularly Geoffrey, have seen it before at various stages of development – but it was all new to Sue, who loved the location, the colourway and the contemporary style in which the properties had been fitted out.
“I holidayed at Lower Knapp Farm recently,” Sue said, “and it was absolutely idyllic. But it’s great to know that when I return ‘home’ I now have not one but two HPB locations to choose from. I can’t wait!”
As Northway Court is situated on the Hartland Devon Heritage Coast, there is no shortage of nearby attractions. The South West Coast Path passes nearby; the Milky Way Adventure Park is sure to be a hit with your children; Saunton Sands, a huge stretch of unspoilt beach, lies to the north; pretty Bideford and historic Barnstaple are just six and 16 miles to the east; and golfers will make a beeline for Westward Ho! and the Royal North Devon Golf Club, seven miles or so north-east: a proper links course with excellent greens.
But you could be excused from doing any of that. That view out across Bideford Bay is enough to keep you entranced for at least a week!
Exclusive holidays for life: An initial payment from £5,000 and a quarterly fee of under £38 (that is around £150 a year), which can increase in line with but not exceed the Retail Price Index Excluding Mortgage Interest (RPIX), gives you access to all HPB’s holiday homes. For each HPB holiday, you will pay a no-profit user charge covering only property running and maintenance costs and use of on-site facilities. The average charge is the same throughout the year, and for a studio is around £360 a week and £540 for a two bedroom property. Larger properties are also available. After an initial charge of 25% your money is invested in a fund of holiday properties and securities. The fund itself meets annual charges of 2.5% of its net assets at cost, calculated monthly. Your investment return is purely in the form of holidays and, as with most investments, your capital is at risk. You can surrender your investment to the company after two years or more (subject to deferral in exceptional circumstances) but you will get back less than you invested because of the charges referred to above, as well as other overheads and changes in the value of the fund’s properties and securities. This advertisement is issued by HPB Management Limited (HPBM), the main UK agent and the property manager for HPB, authorised and regulated by the Financial Conduct Authority, registered at HPB House, Newmarket, Suffolk, CB8 8EH. HPB is available exclusively through HPBM. HPB is issued by HPB Assurance Limited (HPBA) registered in the Isle of Man and authorised by the Financial Services Authority there. HPBM promotes only HPB and is not independent of HPBA. Holders of policies issued by HPBA will not be protected by the Financial Services Compensation Scheme if the company becomes unable to meet its liabilities to them but Isle of Man compensation arrangements apply to new policies.
