The property portal analysed its live listings for beachfront properties, examining asking prices, property size and time spent on the market.
Beachfront properties across Great Britain have an average asking price of £1.395m, more than five times the average British house price, according to research from LandSale.
The property portal analysed its live listings for beachfront properties, examining asking prices, property size and time spent on the market.
It found that the typical beachfront home commands a premium of approximately 410% compared with the average house price across Great Britain of £273,594.
Beachfront properties also come with an average of 18.29 acres of land, suggesting buyers in this part of the market are often purchasing substantial plots alongside coastal access.
The findings come following a period of adjustment for many coastal property markets after the house price growth recorded during and immediately following the pandemic.
LandSale also compared beachfront properties with lakefront homes, which currently have an average asking price of £962,500.
Beachfront properties are therefore priced 44.9% higher on average and come with more land, at 18.29 acres compared with 7.68 acres for lakefront properties.
Adam Morris, founder of LandSale, said: “Britain has always been a nation that loves to be beside the seaside and, despite the wider adjustment seen across many coastal property markets following the pandemic boom, beachfront property remains a very different proposition to the average home.
“A price tag approaching £1.4m demonstrates just how much buyers are still prepared to pay for the right beachfront opportunity, particularly when these properties often combine substantial acreage with the scarcity and lifestyle appeal that comes with having the coast on your doorstep.
“It’s also interesting to see that beachfront property continues to command a considerable premium even when compared with lakefront homes, themselves a highly desirable form of waterside living.
“Of course, beachfront properties are incredibly varied and location, acreage and the property itself will all have an enormous influence on value.
“But at a time when Britain’s coastal housing markets have faced a degree of readjustment, the premium being commanded by genuine beachfront opportunities demonstrates that our love affair with living beside the sea remains very much intact.”
