Property hot spots are causing a stir for homebuyers and boat owners


Whether it’s fun on the river or slicing the waves in a speedboat, as an island nation, it’s no surprise that nearly a million of us love to hang out. on the water.

In terms of recreation, it is not the most affordable with even a modest vessel requiring a five-figure annual budget once the cost of a berth, maintenance and running costs are taken into account. The good news, at least, is that research from home buying platform YesHomebuyers has found that certain sailing hotspots are home to a good deal when it comes to house prices.

The company looked at house prices in 20 regions with some of the best marinas in the country and found that the average cost of homeownership currently stands at £ 256,405, with house prices up by 9, 3% last year.

The most affordable marina hot spots

Hull is not only the most affordable with an average house price of £ 120,837, but the area is also -36% cheaper than the wider cost of ownership in Yorkshire and the Humber.

In terms of average property prices, Belfast also ranks among the most affordable at £ 142,934, with Argyll and Bute (£ 160,359), Allerdale (£ 160,403), Gwynedd (£ 176,185), North Tyneside (177,317 £), Scarborough (£ 179,836), the Shetlands (£ 184,935), Plymouth (£ 194,157) and the Isle of Wight (£ 253,711) are also home to some of the lowest average house prices.

Most affordable compared to the wider region

Plymouth (-33%), Isle of Wight (-27%) and Allerdale (-13%) are also among the most affordable compared to the wider average property price in the region, as are Southend, North Norfolk and East Suffolk (-11%).

The least affordable marina hot spots

Tower Hamlets, home to St Katharine’s Docks, is the least affordable overall with an average house price of £ 496,247. Brighton and Hove is also one of the more expensive sailing hotspots when it comes to property prices at £ 405,451, as is Lymington (£ 373,274).

Least affordable compared to the wider region

While North Tyneside ranks among the most affordable when it comes to average house prices, it is actually home to the highest cost compared to the wider region, 22% more expensive than the average price of real estate. houses in the Northeast.

The cost of a house is also higher in Devon (21%), Brighton (16%), Shetlands (11%), Dorset (10%), New Forest (7%) and Bournemouth, Christchurch and Poole (7%) compared to the average price in the greater region.

Matthew Cooper, Founder and CEO of Yes Homebuyers, commented: “Owning a yacht or motorboat is a huge investment and so living close to your berth means more time on the water to justify that cost while doing what you love. As a result, this can often be a hugely influential factor during the home buying process in the same way that a good school or transportation link could be.

“While a waterfront property will always pay off, choosing to live in a larger area means a more affordable property price without sacrificing that all-important boating time. The good news is that areas with some of the UK’s best marinas can offer a good level of housing affordability, which is convenient considering the cost of accommodation and operating a boat can be onerous.

“The other advantage is that while many successful coastal trips often require good weather, a little rain and wind can create excellent sailing conditions. So when the UK weather isn’t right, you’re less likely to be disappointed. “


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