1 Sep

Waterside properties 'attract higher premiums on house prices'

Waterside properties 'attract higher premiums on house prices'

Estate agents with a number of waterside properties on their portfolios will be pleased to hear that homebuyers are still willing to pay a higher price for a coastal home.

According to Nick Marr, director of the Little House Company, potential homeowners still believe in "location, location, location".

He stated that popular spots, such as waterside areas, "can override many negative aspects of a home".

Mr Marr added: "Water views have always increased the desirability of a property."

His comments follow the Post Office's Mortgages Homebuyers Report, released yesterday (August 31st 2010), which revealed that people pay on average an extra £20,448 to live by the water.

Homebuyers looking for a house for sale in the UK have also been recently advised to check out Yorkshire's Bridlington, Withernsea and Hornsea, as well as Scotland's Peterhead and Fraserburgh, after Halifax's Seaside Town Quality of Life report revealed they offer seaside residents the best combination of quality of life and value for money.ADNFCR-1222-ID-800047982-ADNFCR

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