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Sea view properties record 27% surge in value since 2019, report finds
['Holly Williams', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Rightmove said the average asking price of a house with a view of the sea has risen to £298,810, up from £235,635 in 2019 – a rise of 27%.
The East Midlands and Yorkshire and the Humber have seen the biggest increases for sea view homes, with gains of 55% and 53% respectively, according to the report.
Scotland is the most affordable region for sea view homes, with an average asking price of £166,068, the figures show.
West Mersea in Essex had the biggest sea view premium, with an asking price of £655,479 on average compared with an average coastal value of £433,185 in the area.
Buyers in Broadstairs, Kent, pay an average £128,943 extra to have a sea view, while in Littlehampton, West Sussex, they pay £120,696 extra an average.