Homes with a sea view command higher property prices

Homes with a sea view are more than £88,000 more expensive than those without, according to new research.

Data by RightMove reveals the average asking price for a home with a sea view in Great Britain is £363,181.

Torbay in Devon is the area with the highest number of available homes listed with a sea view, followed by Bournemouth and Cornwall.

Highly sought-after feature

According to RightMove, the average asking price for a home with a sea view stands at £363,181, compared to £275,074 for properties in coastal areas without a sea view.

At a regional level, the East Midlands leads the charge with a 68% premium, making homes with sea views here the most expensive, averaging £428,330.

Following in second is the South West with a 44% premium, and Scotland is a close third at 43%.

Collen Babcock, property expert at RightMove, reveals sea views are always a desirable feature for buyers.

She said: “Sea views have always been a highly sought-after feature for homebuyers, and our latest research highlights just how much more people are willing to pay for one.

“The East Midlands claims top spot as the region with the highest price premium for homes with a sea view at 68%, compared to homes with a sea view in the South East which has a much lower sea view premium of 22%.

“A contributing factor for this difference could be the exclusivity of properties with a sea view in these areas.”

In the North East, homes with a sea view are priced at an average of £231,194, compared to £180,258 for those without.

In Wales, the average price for a home with a sea view is £298,824, while properties without one average £240,017.

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