Record numbers are searching for a house on the coast and prices are on the up. Here’s where to swap locations for a more affordable home……
Britons are embracing a second summer of staycations as travel restrictions bite. Demand for homes by the sea has soared, with buyers looking for a different lifestyle after being locked down in a city, as well as holiday homes to take advantage of the boom.
Some popular seaside resorts, such as Newquay in Cornwall, are among the most in demand property markets in the UK, according to website Zoopla, with demand far outstripping supply – pushing prices up in turn.
According to Halifax bank, the average price of a property in a British seaside town is now £265,978, up 10pc in the past year.
The best known and most sought-after spots can be eye-wateringly expensive, and with it come crowded beaches and car-park queues. Yet there may be more affordable alternatives nearby for the buyer who is willing to face a longer walk to the trendy beach café or award-winning pub.
Here are six seaside pairings to weigh up, where you can get far more for your money…….
Swap Saundersfoot for Amroth
Amid the crinkled beauty of the Pembrokeshire Coast National Park, the resorts of Tenby and Saundersfoot are popular holiday destinations. Daniel Rees of Savills said: “Destination restaurants have made Saundersfoot increasingly popular, and buyers from the Home Counties look for better affordability here than Devon and Cornwall.”
With properties being snapped up fast by holiday-let investors and second-home buyers, a more affordable and under-the-radar option is Amroth, a village with a long, sandy beach that’s as good as its neighbours’.
Ian Kidd of local agent West Wales Properties said: “It’s a year-round little community, popular for holiday lets but also with buyers from Cardiff, the Midlands and Bristol.”
But you will have to be savvy and quick, as there is barely any property on the market here. Carol Peett, of West Wales Property Finders http://www.westwalespropertyfinders.co.uk, said: “Once anything comes onto the market it is sold straightaway.” The average property sold for £243,353 last year, compared with Saundersfoot’s £261,993. In Amroth you can buy a detached home with a sea view for £400,000 to £500,000.
The Daily Telegraph – Saturday, 29th May 2021 https://www.telegraph.co.uk/property/house-prices/buy-best-value-property-sought-after-seaside-spots/
If you are looking to buy a property in Pembrokeshire, Carmarthenshire or Ceredigion, give West Wales Property Finders a call on 01834 862816. Circa 90% of the properties we find for our clients never hit the open market, thereby offering them the pick of the crop. We are also on the ground ready to view and report straight away to clients on anything that does hit the market that may be suitable for them, so preventing them having to “buy blind” in this frantic market.
