Buyers hunting for a costal home know they’ll need to pay over the odds to secure one of these in demand properties.
But add a sea view to the wish list and they can expect to hand over an extra £90,000 for the pleasure, new research reveals.
Property portal Rightmove has found homes with a coastal view are listed for one-third more than seaside properties without one.
Sellers across the nation ask for £275,074 for the average coastal home – but add a sea view and the listed price surges to £363,181, some £88,106 extra.
In one region, buyers could pay almost 70 per cent more on average for the privilege of having a view of the sea, the data shows.
Homes in the East Midlands are listed for £428,330 if they have a sea view while those in coastal areas without a view are put on the market for £254,544 – a £173,786 gap.
In the region, it’s properties in resort town Skegness that see the biggest hike for a sea view – some 72 per cent extra.
Skegness surge: Homes in the Lincolnshire town with a coastal view fetch a 72% premium
Next is the South West – home to the costal hotspots Devon and Cornwall – where homes with a sea view cost an extra 44 per cent as price tags are hiked from £280,185 to £405,676.
Taking bronze spot is Scotland, where coastal towns include North Berwick, Oban and St Andrews.
Scottish sellers ask for £152,606 for their costal properties – but if buyers add a sea view on to the list of the demands and the asking price soars to £218,867. That’s a 43 per cent difference, or £66,261.
Rightmove explained the exclusivity of properties with a sea view could be driving up the price tag as swathes of buyers are in demand for a limited supply of properties.
Mary Lou-Press, of estate agent industry body Propertymark, said: ‘The surge in people working remotely since the pandemic has no doubt resulted in an increase in demand for properties with seaside views.’
Droves of families flocked out of cities in the wake of the pandemic in a so-called race for space as hybrid working allowed for people to live far from their workplaces.
While this has calmed slightly as employees return to commuting several days a week, many hybrid workers are still based in more rural and coastal locations – and naturally want views of the coastal landscape.
However, Ms Lou-Press said the price premium added to these seaside homes is also down to location, quality of the view and appeal of the area.
After Scotland, it’s sea view properties in the North East that have the biggest premium – some 28 per cent.
For Yorkshire and the Humber it’s 27 per cent, 26 per cent for the northwest and in the east of England sea view properties cost 25 per cent more.
These price tags are asking prices and buyers may well negotiate to shave tens of thousands of pounds of the listed price.
Or they could instead offer more than the asking price to secure a sale in these in-demand hotspots.
The region with one of the smallest premiums is Wales – home to the Gower and Llŷn Peninsulas – where seaside views are on offer for only 24 per cent more than a standard coastal property.
At the bottom of the list is the South East, which is full of seaside favourites such as Whitstable, Margate and Hastings.
A typical coastal property here is on the market for £300,612 but the price tag for one with a sea view is listed for £367,209 – just 22 per cent more.
Buyers who want to secure one of these in demand properties will have the most luck in Torbay, Bournemouth and Cornwall – the coastal spots with the highest number of available homes with a sea view.
In fact, only one spot on the list of places with abundant sea view properties is not in the south of England; North Yorkshire places number ten.
It’s home to popular town Whitby, seaside resort Scarborough and fishing village Robin Hood’s Bay.
