Coastal properties attract a price premium

 

Trips to the seaside are one of the great joys of a traditional British summer. Given that we have over 6,000 km of coastline around England and Wales, it might come as a surprise to know that opportunities to buy a home by the coast are very rare.

Only 1 in every 200 homes sold in England and Wales over the last 4 years has been located within 100m of the coast – that is equivalent to just 0.5% of all sales.

Also, did you know that on average, coastal properties attract a price premium of 18.6%, compared to properties in the wider locality?

Seven of the UK’s top 10 most expensive coastal resorts in 2022 are located within the South West, two in the South East and one in the East of England.

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Sheerness named best coastal town relocate to!

A new study by mortgage experts at money.co.uk, which analysed over 100 seaside towns, revealed the best coastal town to move to is Sheerness. The study looked at factors such as the average house price, the median annual pay, the beach water quality and the beach review score.

Sheerness, in north Kent, scored highly, particularly in average wages and reviews for its beaches. Minster also made the top ten list of best coastal towns to relocate to.

Click here to view properties for sale in Sheerness and Minster.

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National Beach Day

With National Beach Day approaching (30^th August), which Kent seaside resort will you be visiting?

If you are looking to sell or let your coastal property in Kent or relocate to the Kent seaside, then get in touch with our expert team at Quealy & Co.

Call us on 01795 429836 or email hello@quealy.co.uk to chat with a member of our friendly and experienced team.  

Source: Lloyds Banking Group/Halifax 2022, Dataloft, Land Registry, DLUHC, Ordnance Survey, based on sales 100m from the coast, April 2018 to March 2022