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Price of a sea-view home surges by 27% – which coastal location has the biggest premium?
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Latest from MoneyWeek
The average asking price of a home with a sea-view has increased by 27% since 2019, outpacing the national average (22%), new data shows.
The average home that overlooks the ocean in the region commands an average asking price of £352,789 today, up from £228,083 in 2019.
Yorkshire and the Humber is in close second place for strong asking price growth among sea-view properties.
Sea-view homes in Scotland have seen their average asking price rise by just 4% since 2019, increasing from £159,938 to £166,068.
The second-highest premium in the country can be found in Frinton-on-Sea, also in Essex, where there is a £130,699 (36%) difference between the average asking price in the town and the average asking price for a home with a sea-view.