With more than 800 beaches dotted across the English coast, investing in a seaside property is a tempting prospect for many property investors due to the popularity of seaside living amongst owners and renters alike – and in some regions, getting a property close to the beach comes with a rather hefty price tag.
New research has revealed the coastal counties commanding the steepest premiums.
While Cornwall and Devon may be home to the greatest number of beaches, they don’t top the list when it comes to the most expensive location.
That title goes to West Sussex, where the average property costs £382,755, some 31.2% above the national average of £291,640. West Sussex is home to 27 beaches including, West Wittering, Bosham Quay, Worthing and Littlehampton.
Investors looking to buy within easy reach of Hampshire’s 19 beaches, which include Hayling Island, Southsea Beach and Milford-on-Sea, will pay the next highest premium of 24.7% equating to an average house price of £363,589. Essex (£359,445), Kent (£352,925) and Dorset (£336,691) also rank among the priciest beach locations.
“England benefits from having beaches north to south and east to west, but when talking about house price premiums, it’s the southern beach counties that command the biggest values while property in the likes of Durham, Tyne & Wear, and Lancashire remain well below the national average,” said Tim Simmons, Sales & Marketing Director at Regency Living, which conducted the research.
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