House prices: Good view adds £86k to the average price of a home since COVID-19

When you subscribe we will use the information you provide to send you these newsletters.Sometimes they’ll include recommendations for other related newsletters or services we offer.Our Privacy Notice explains more about how we use your data, and your rights.You can unsubscribe at any time.

There has been a sharp rise in demand for properties near the seaside amid coronavirus. As people adapt to a future of homeworking, being close to a city hub is less valuable.

Locations like the country and the seaside have become even more popular.

A seaside view is one feature that, after the pandemic, adds £86,000 to the price of a property.

This is an increase of almost £19,000 in one year.

The average cost of a house with a sea view is over a quarter of a million pounds at £368,278.

This is compared to £282,218 for a house with a sea view last year.

In the South West, the average asking price for a sea view home is a whopping £415,296.

Here a sea view increases the value of a home by an enormous 42 percent.

The cheapest place to score a sea view is in Scotland, where the average asking price is £122,253.

In the South East a sea view home which cost on average £371,385, and in East Anglia it is £331,153.

Homes Under the Hammer boss details BBC’s golden rules [INSIGHT] 
Property abroad: Florida ‘extremely appealing’ location for UK buyers [ANALYSIS] 
Homes Under the Hammer’s Martin Roberts surprised to find rare feature [PROPERTY] 

Joe Wheeler, a director at Wheeler Estate Agents in Brighton and Hove, said: “We have noticed there are even more people than we have normally seen wanting to be by the seaside, in particular with direct sea views.”

“This in part is caused by the desire to leave cities like London due to Covid-19 and the restrictions that has caused,” he told the Mail.

‘The seaside to many feels calmer and healthier.

“I often hear buyers say that if they are moving to Brighton or Hove, they want to be able to hear and see the sea.”

A lot of changes have taken place in the past year within the property market, reflecting coronavirus pandemic.

The Liverpool property market has been dubbed the “property hotspot” as growth outperforms London. 

Andrews Property Group said Liverpool’s average house prices have risen by 16.7 percent since March 2020.

The property firm also said the top four property hotspots in the UK are now all located in the North West.

In comparison, prices in London have only increased by 3.7 percent.

The housing market in the UK is flourishing right now, in particular, due to the Stamp Duty Holiday. The tax has been lifted to encourage buying amid the pandemic. 

Property expert Louisa Fletcher said: “For anybody trying to buy a house at the moment, and if you’re thinking you can’t find anything, this is the reason why folks.

“Everybody is buying houses right now.”

Source: Read Full Article