Coastal properties in demand
The surge in demand for coastal properties shows no signs of slowing according to the team at Plymouth estate agency Julian Marks Estate Agents
Director Julian Partridge says: “As homebuyers increasingly seek the coastal way of life, prices have undoubtedly risen in the most desirable locations.”
Earlier this year, property website Rightmove reported that demand for coastal locations across Britain was at an all-time high with record numbers of home-hunters visiting the site.
Mortgage lenders have also experienced an increase in demand for seaside locations as people re-evaluate their work and lifestyle priorities.
The average price of a property in a British seaside town is now 265,978, a leap of 10 per cent or 24,055 during the past year, according to the Halifax which tracks house price movements in 191 seaside towns in Britain.
The data shows that, during the past decade, the average house price in Britain’s seaside towns has risen by 36 per cent – or 71,046 – from an average of 194,932 in 2011 to 265,978 in 2021.
In Plymouth, the most desirable properties are achieving record sale prices. The sale of La Orotava at Heybrook Bay was recently agreed by Julian Marks Estate Agents at £1 million.
The individual detached property enjoys a wonderful position with uninterrupted sea and coastline views.
The accommodation comprises an entrance hall, exceptional sitting room, sun-room, large kitchen and dining room, separate study or additional reception room, ground floor bathroom and separate utility.
On the first floor there are four bedrooms and two bathrooms.
The property also benefits from two garages, a workshop and gardens, while the incredible south-west facing terrace takes advantage of far-reaching sea views.
With offices in Plymstock and Plympton, Julian Marks Estate Agents has achieved more sales in the coastal areas of Wembury, Heybrook Bay and Down Thomas than any other agent over the past two years (data supported by leading property websites Rightmove and Zoopla).