UK seafront homes fetch 33 per cent above average

5 September 2017
seafront-property

The British love of sea and beach views means they’re happy to spend a third more on them than average costs of nearby properties, says a new report.

At the top end, prices for seafront homes in Aldeburgh, Suffolk, are 89 per cent higher than comparable homes in the town, averaging £650,000 compared with £344,000.

In Padstow, Cornwall, the premium is 70 per cent; in Torquay, Devon, it’s 69 per cent and in Bournemouth, Dorset, 67 per cent.

And in the ultra-affluent community of Sandbanks, Dorset, a beachfront home will cost £2.3 million, compared with £1.6 million further inshore – a 41 per cent premium.

“There is something very special about being able to look out of your kitchen window or step outside your front door and be immediately greeted by sandy beaches and the rippling of the tide,” said a report representative. “The lifestyle benefits associated with living by the seaside means that waterside homes will often generate a strong price premium, regardless of their distance from the beach.”

GRE Assets has a major development at Brighton Marina with excellent sea views. See www.brighton-marina.com for more details