Prime properties on the UK waterfront cost an average 60 per cent more than living inland, according to Knight Frank.
The agent’s latest index reveals that while river and coastal houses are more attractive on the eye, they come at a significant premium when compared to their inland counterparts. That premium, though, varies by location and other factors. In South West England, for example, waterfront prices are 75 per cent higher, compared to a gap of just 55 per cent in London, where normal properties are already very expensive. Other factors than come into play includes amenities as well as whether access to the water is direct or not.
Private slipways are considered the most valuable feature, pushing up the waterfront premium by an average of 115 per cent. Properties with a private mooring or pontoon also see their waterfront premium rise by 104 per cent and 100 per cent respectively, while jetties and private beach access add 89 per cent and 85 per cent.
See the full breakdown in Knight Frank’s streamlined infographic:
Click here for the full-sized picture.
Source: The Movechannel