Latest news with #coastalproperty
News.com.au
21 hours ago
- Business
- News.com.au
Jaw dropping reason $16m Manly property is one of country's most visited listings
It's a trophy home with a private sea pool carved into the rock below and a host of other dream features that would make most people stop in their tracks — but it's a home that's almost certainly doomed. A property in the Sydney beach suburb of Manly, listed with a price guide of $16 million, has ignited a wave of interest from some of the country's wealthiest buyers but, incredibly, none are reported to want the stunning house itself. Instead, they're preparing to do what is becoming a growing trend in coastal suburbs where land is finite and wealth is growing: they want to knock the house down and replace it with something else. The Addison Rd house, situated on a tightly held pocket of prime peninsula land with unobstructed harbour views, was among the 10 most viewed NSW properties on this past year. The five-bedroom, three-bathroom residence spans three levels with multiple living areas, a rooftop terrace, and a large double garage. The current design was 'inspired by the glamorous villas lining the cliffs on the Mediterranean', according to details in the listing. Selling agent Michael Clarke of Clarke and Humel said nearly all the parties who had shown interest in the home so far – a sizeable number – valued the location and block size over the original house. This was despite the house being picture perfect with classical-style architecture: the interior features high ceilings and arched doorways. The front of the home is a brilliant white with Graeco-Roman pillars. Mr Clarke said this was not uncommon in the area, pointing to a string of recent sales near the $15 million mark, where the buyers valued the dirt more than the dwellings themselves. The value of these blocks was mostly in the land itself due to the scarcity of land situated in prime coastal settings, Mr Clarke said. He added that buyers in the ultra-prestige market often wanted to put their own stamp on their properties. 'People move to the beaches partly for the home, but primarily for the lifestyle. They want to look out their window and see the exact reason they spent all that money and effort relocating,' he said. The same pattern was playing out with the Addison Rd property in Manly, Mr Clark said: the serious buyers showing interest wanted to replace the current house with a new mansion. 'Its absolute waterfront, freehold and it has a private sea pool, which is extremely rare in Manly,' Mr Clarke told The Daily Telegraph. 'The home has had several iterations over years. A previous owner had a passion for Italianate architecture. But it does come with full DA approval for a new home and that's where the interest is.' The Manly property is expected to be one of the area's top sales, even as the existing home faces an uncertain future. It's a hard truth of the current market: the prettier the position, the shorter the lifespan of the house on it. Mr Clarke said the trend has accelerated since the pandemic, which fundamentally changed the way Sydneysiders viewed their surroundings. 'We've had an awakening since Covid … We used to get people moving from places like Mosman because they thought Manly was better value. Now, they're choosing Manly first,' he said. 'We found people started looking at their immediate environment in a much more focused way during lockdowns. They began to place greater value on being close to the beach or harbour, and that demand has not eased.'
The Sun
03-06-2025
- General
- The Sun
Dreamy coastal home in Sussex worth £4 million is latest Omaze House Draw prize
IF you are dreaming of sunny days by the coast, you could turn this dream into a reality because Omaze's latest Million Pound House Draw is back with a stunning coastal property. One lucky winner of the property draw will get the keys to a beachfront property in Sussex worth an incredible £4,000,000 and a £250,000 cash prize. 5 Enter the Omaze Million Pound House Draw The Sussex House is the definition of modern coastal living. Set in one of the most sought-after spots, this stunning property offers a rare blend of beachside tranquillity and convenient amenities. Known for its charming seaside towns, wide pebble beaches, and coastal vibes, it makes the perfect retreat. You can also enjoy an easy commute to London if you want the best of both worlds. Alongside the home, the winner will also receive £250,000 in cash, giving you even more freedom to start your next chapter how you want to. Entries to the Omaze House Draw close on Sunday, 29 June 2025. Plus, if you enter online by midnight on Sunday, June 15, you'll also be in with a chance to win the Early Bird Prize - a Land Rover Defender and Airstream worth over £150,000. 5 5 Enter the Omaze Million Pound House Draw ENTER HERE Perfectly poised in a private area, the Sussex House boasts four bedrooms, five bathrooms, and a host of premium features, including a dedicated sauna and hot tub, and a yoga studio. The interiors feature a neutral colour palette teamed with light wood and stonework throughout the house, allowing a lot of natural light to flood the living spaces during the day. The Sussex House garden opens directly onto the beach, with uninterrupted views and a tranquil feeling every day. There's also a detached guesthouse, complete with a hot tub and outdoor kitchen and even an Ooni pizza oven for hosting friends or family. There's also a convenient double garage to house your cars. 5 5 The lucky winner has the option to sell up, walking away a multi-millionaire. If the winner chooses to hold onto the Sussex House, it has an estimated long-term rental income of approximately £6,000 per month. Every entry to the Omaze Million Pound House Draw helps support the Motor Neurone Disease Association and its vital work in funding research and improving the care for those living with the condition.
Yahoo
26-05-2025
- Business
- Yahoo
Britain's most expensive seaside towns and cheaper ‘hidden gems' revealed
With its golden beaches and associations with luxury lifestyles, Sandbanks in Dorset has been identified as Britain's most expensive seaside location. Home buyers wanting to move to Sandbanks will not get much change from £1 million typically, with the average house price sitting at £965,708 last year, according to Lloyds. The bank said while the average house price in Sandbanks has fallen by 3%, or £33,595, compared with 2023, it still sits at the top of its coastal property league, which is dominated by locations in the South West of England. Sandbanks is known as a popular location for celebrities, with it array of upscale restaurants and glitzy nightlife. Salcombe in Devon, with its galleries and boutiques, is second on the Lloyds list, with an average house price of £826,159 in 2024. Foodie hotspot Padstow in Cornwall is third, with buyers paying £715,974 on average to live there and enjoy the charm of its harbour and seafood scene on a daily basis. Aldeburgh, Suffolk, known for its arts scene and architecture, is fourth with an average house price of £619,693. Across Britain, the average price of a home by the sea was £295,991 last year – down 1% compared with 2023 – Lloyds said. The Lloyds Coastal Homes Review tracked house price movements in 197 coastal locations. Despite the small dip, prices in coastal towns increased nearly a fifth (18%) over the five years from 2019, the bank said. Purchasers could buy around nine homes in the most affordable seaside location on the Lloyds list, based on average house prices, for the cost of one property in Sandbanks. For buyers looking for a home by the sea at a more affordable price, Campbeltown on the scenic Kintyre Peninsula in Argyll and Bute has an average house price of £103,078. Home movers to the region can raise a toast to their new property with a dram of locally-produced whisky. Other coastal areas at the less expensive end of the house price spectrum include the Rothesay on the Isle of Bute (with an average house price of £111,764), Millport on Great Cumbrae (£114,008), and Port Bannatyne also on Bute (£115,421). Amanda Bryden, head of mortgages at Lloyds, said: 'Coastal living continues to hold a special appeal – whether it's the lure of sea views, sandy beaches, or a slower pace of life. 'Our latest research shows the most exclusive seaside spots – like Sandbanks – still command premium prices. 'In some of the UK's most desirable coastal towns, average prices have dipped slightly over the past year. But, over the longer term, values remain significantly higher – especially in the South West, where demand from lifestyle movers continues to shape the market. 'At the other end of the scale, there are still pockets of real affordability – particularly in Scotland, where buyers can find coastal homes for a fraction of the price. For those willing to look beyond the traditional hotspots, there are some hidden gems offering great value and a strong sense of community. 'It's also important to recognise that not all coastal areas share the same fortunes. Some seaside towns face significant challenges, from seasonal economies to a lack of affordable housing for local people.' Lloyds used data from the Land Registry and the Registers of Scotland for its research. Here are Britain's most expensive seaside locations, with the average house price in 2024, according to Lloyds: 1. Sandbanks, South West, £965,708 2. Salcombe, South West, £826,159 3. Padstow, South West, £715,974 4. Aldeburgh, East of England, £619,693 5. Lymington, South East, £608,253 6. St Mawes, South West, £552,198 7. Lyme Regis, South West, £531,815 8. Budleigh Salterton, South West, £496,998 9. Dartmouth, South West, £495,643 10. Kingsbridge, South West, £484,986 Here are Britain's least expensive coastal locations, according to Lloyds, with the average house price in 2024: 1. Campbeltown, Argyll and Bute, Scotland, £103,078 2. Rothesay, Argyll and Bute, Scotland, £111,764 3. Millport, North Ayrshire, Scotland, £114,008 4. Port Bannatyne, Argyll and Bute, Scotland, £115,421 5. Girvan, South Ayrshire, Scotland, £116,211 6. Greenock, Inverclyde, Scotland, £117,751 7. Ardrossan, North Ayrshire Scotland, £124,532 8. Wick, Highlands, Scotland, £126,708 9. Stranraer, Dumfries and Galloway, Scotland, £128,888 10. Saltcoats, North Ayrshire, Scotland, £129,194 Here are England and Wales's least expensive coastal locations, according to Lloyds, with average house prices in 2024: 1. Newbiggin-by-the-Sea, North East, £132,863 2. Fleetwood, North West, £146,338 3. Blackpool, North West, £146,764 4. Withernsea, Yorkshire and the Humber, £148,402 5. Maryport, North West, £153,243 6. Seaham, North East, £157,100 7. Blyth, North East, £158,265 8. Hartlepool, North East, £158,271 9. Cleethorpes, Yorkshire and the Humber, £166,909 10. Whitehaven, North West, £170,673 Here are the most, followed by the least, expensive coastal locations in each region or nation, according to Lloyds, with average house prices in 2024: East Midlands Chapel St Leonards, £214,802 Skegness, £202,559 East of England Aldeburgh, £619,693 Lowestoft, £238,372 North East Whitley Bay, £310,918 Newbiggin-by-the-Sea, £132,863 North West Grange-over-Sands, £308,419 Fleetwood, £146,338 Scotland St Andrews, Fife, £458,381 Campbeltown, Argyll and Bute, £103,078 South East Lymington, £608,253 East Cowes, £239,605 South West Sandbanks, £965,708 Plymouth, £248,668 Wales The Mumbles, £417,043 Prestatyn, £192,331 Yorkshire and the Humber Whitby/Robin Hood's Bay, £299,161 Withernsea, £148,402
The Independent
25-05-2025
- Business
- The Independent
Britain's most expensive seaside towns and cheaper ‘hidden gems' revealed
With its golden beaches and associations with luxury lifestyles, Sandbanks in Dorset has been identified as Britain's most expensive seaside location. Home buyers wanting to move to Sandbanks will not get much change from £1 million typically, with the average house price sitting at £965,708 last year, according to Lloyds. The bank said while the average house price in Sandbanks has fallen by 3%, or £33,595, compared with 2023, it still sits at the top of its coastal property league, which is dominated by locations in the South West of England. Sandbanks is known as a popular location for celebrities, with it array of upscale restaurants and glitzy nightlife. Salcombe in Devon, with its galleries and boutiques, is second on the Lloyds list, with an average house price of £826,159 in 2024. Foodie hotspot Padstow in Cornwall is third, with buyers paying £715,974 on average to live there and enjoy the charm of its harbour and seafood scene on a daily basis. Aldeburgh, Suffolk, known for its arts scene and architecture, is fourth with an average house price of £619,693. Across Britain, the average price of a home by the sea was £295,991 last year – down 1% compared with 2023 – Lloyds said. The Lloyds Coastal Homes Review tracked house price movements in 197 coastal locations. Despite the small dip, prices in coastal towns increased nearly a fifth (18%) over the five years from 2019, the bank said. Purchasers could buy around nine homes in the most affordable seaside location on the Lloyds list, based on average house prices, for the cost of one property in Sandbanks. For buyers looking for a home by the sea at a more affordable price, Campbeltown on the scenic Kintyre Peninsula in Argyll and Bute has an average house price of £103,078. Home movers to the region can raise a toast to their new property with a dram of locally-produced whisky. Other coastal areas at the less expensive end of the house price spectrum include the Rothesay on the Isle of Bute (with an average house price of £111,764), Millport on Great Cumbrae (£114,008), and Port Bannatyne also on Bute (£115,421). Amanda Bryden, head of mortgages at Lloyds, said: 'Coastal living continues to hold a special appeal – whether it's the lure of sea views, sandy beaches, or a slower pace of life. 'Our latest research shows the most exclusive seaside spots – like Sandbanks – still command premium prices. 'In some of the UK's most desirable coastal towns, average prices have dipped slightly over the past year. But, over the longer term, values remain significantly higher – especially in the South West, where demand from lifestyle movers continues to shape the market. 'At the other end of the scale, there are still pockets of real affordability – particularly in Scotland, where buyers can find coastal homes for a fraction of the price. For those willing to look beyond the traditional hotspots, there are some hidden gems offering great value and a strong sense of community. 'It's also important to recognise that not all coastal areas share the same fortunes. Some seaside towns face significant challenges, from seasonal economies to a lack of affordable housing for local people.' Lloyds used data from the Land Registry and the Registers of Scotland for its research. Here are Britain's most expensive seaside locations, with the average house price in 2024, according to Lloyds: 1. Sandbanks, South West, £965,708 2. Salcombe, South West, £826,159 3. Padstow, South West, £715,974 4. Aldeburgh, East of England, £619,693 5. Lymington, South East, £608,253 6. St Mawes, South West, £552,198 7. Lyme Regis, South West, £531,815 8. Budleigh Salterton, South West, £496,998 9. Dartmouth, South West, £495,643 10. Kingsbridge, South West, £484,986 Here are Britain's least expensive coastal locations, according to Lloyds, with the average house price in 2024: 1. Campbeltown, Argyll and Bute, Scotland, £103,078 2. Rothesay, Argyll and Bute, Scotland, £111,764 3. Millport, North Ayrshire, Scotland, £114,008 4. Port Bannatyne, Argyll and Bute, Scotland, £115,421 5. Girvan, South Ayrshire, Scotland, £116,211 6. Greenock, Inverclyde, Scotland, £117,751 7. Ardrossan, North Ayrshire Scotland, £124,532 8. Wick, Highlands, Scotland, £126,708 9. Stranraer, Dumfries and Galloway, Scotland, £128,888 10. Saltcoats, North Ayrshire, Scotland, £129,194 Here are England and Wales's least expensive coastal locations, according to Lloyds, with average house prices in 2024: 1. Newbiggin-by-the-Sea, North East, £132,863 2. Fleetwood, North West, £146,338 3. Blackpool, North West, £146,764 4. Withernsea, Yorkshire and the Humber, £148,402 5. Maryport, North West, £153,243 6. Seaham, North East, £157,100 7. Blyth, North East, £158,265 8. Hartlepool, North East, £158,271 9. Cleethorpes, Yorkshire and the Humber, £166,909 10. Whitehaven, North West, £170,673 Here are the most, followed by the least, expensive coastal locations in each region or nation, according to Lloyds, with average house prices in 2024: East Midlands Chapel St Leonards, £214,802 Skegness, £202,559 East of England Aldeburgh, £619,693 Lowestoft, £238,372 North East Whitley Bay, £310,918 Newbiggin-by-the-Sea, £132,863 North West Grange-over-Sands, £308,419 Fleetwood, £146,338 Scotland St Andrews, Fife, £458,381 Campbeltown, Argyll and Bute, £103,078 South East Lymington, £608,253 East Cowes, £239,605 South West Sandbanks, £965,708 Plymouth, £248,668 Wales The Mumbles, £417,043 Prestatyn, £192,331 Yorkshire and the Humber Whitby/Robin Hood's Bay, £299,161 Withernsea, £148,402
Yahoo
25-05-2025
- Business
- Yahoo
Britain's most expensive seaside towns and cheaper ‘hidden gems' revealed
With its golden beaches and associations with luxury lifestyles, Sandbanks in Dorset has been identified as Britain's most expensive seaside location. Home buyers wanting to move to Sandbanks will not get much change from £1 million typically, with the average house price sitting at £965,708 last year, according to Lloyds. The bank said while the average house price in Sandbanks has fallen by 3%, or £33,595, compared with 2023, it still sits at the top of its coastal property league, which is dominated by locations in the South West of England. Sandbanks is known as a popular location for celebrities, with it array of upscale restaurants and glitzy nightlife. Salcombe in Devon, with its galleries and boutiques, is second on the Lloyds list, with an average house price of £826,159 in 2024. Foodie hotspot Padstow in Cornwall is third, with buyers paying £715,974 on average to live there and enjoy the charm of its harbour and seafood scene on a daily basis. Aldeburgh, Suffolk, known for its arts scene and architecture, is fourth with an average house price of £619,693. Across Britain, the average price of a home by the sea was £295,991 last year – down 1% compared with 2023 – Lloyds said. The Lloyds Coastal Homes Review tracked house price movements in 197 coastal locations. Despite the small dip, prices in coastal towns increased nearly a fifth (18%) over the five years from 2019, the bank said. Purchasers could buy around nine homes in the most affordable seaside location on the Lloyds list, based on average house prices, for the cost of one property in Sandbanks. For buyers looking for a home by the sea at a more affordable price, Campbeltown on the scenic Kintyre Peninsula in Argyll and Bute has an average house price of £103,078. Home movers to the region can raise a toast to their new property with a dram of locally-produced whisky. Other coastal areas at the less expensive end of the house price spectrum include the Rothesay on the Isle of Bute (with an average house price of £111,764), Millport on Great Cumbrae (£114,008), and Port Bannatyne also on Bute (£115,421). Amanda Bryden, head of mortgages at Lloyds, said: 'Coastal living continues to hold a special appeal – whether it's the lure of sea views, sandy beaches, or a slower pace of life. 'Our latest research shows the most exclusive seaside spots – like Sandbanks – still command premium prices. 'In some of the UK's most desirable coastal towns, average prices have dipped slightly over the past year. But, over the longer term, values remain significantly higher – especially in the South West, where demand from lifestyle movers continues to shape the market. 'At the other end of the scale, there are still pockets of real affordability – particularly in Scotland, where buyers can find coastal homes for a fraction of the price. For those willing to look beyond the traditional hotspots, there are some hidden gems offering great value and a strong sense of community. 'It's also important to recognise that not all coastal areas share the same fortunes. Some seaside towns face significant challenges, from seasonal economies to a lack of affordable housing for local people.' Lloyds used data from the Land Registry and the Registers of Scotland for its research. Here are Britain's most expensive seaside locations, with the average house price in 2024, according to Lloyds: 1. Sandbanks, South West, £965,708 2. Salcombe, South West, £826,159 3. Padstow, South West, £715,974 4. Aldeburgh, East of England, £619,693 5. Lymington, South East, £608,253 6. St Mawes, South West, £552,198 7. Lyme Regis, South West, £531,815 8. Budleigh Salterton, South West, £496,998 9. Dartmouth, South West, £495,643 10. Kingsbridge, South West, £484,986 Here are Britain's least expensive coastal locations, according to Lloyds, with the average house price in 2024: 1. Campbeltown, Argyll and Bute, Scotland, £103,078 2. Rothesay, Argyll and Bute, Scotland, £111,764 3. Millport, North Ayrshire, Scotland, £114,008 4. Port Bannatyne, Argyll and Bute, Scotland, £115,421 5. Girvan, South Ayrshire, Scotland, £116,211 6. Greenock, Inverclyde, Scotland, £117,751 7. Ardrossan, North Ayrshire Scotland, £124,532 8. Wick, Highlands, Scotland, £126,708 9. Stranraer, Dumfries and Galloway, Scotland, £128,888 10. Saltcoats, North Ayrshire, Scotland, £129,194 Here are England and Wales's least expensive coastal locations, according to Lloyds, with average house prices in 2024: 1. Newbiggin-by-the-Sea, North East, £132,863 2. Fleetwood, North West, £146,338 3. Blackpool, North West, £146,764 4. Withernsea, Yorkshire and the Humber, £148,402 5. Maryport, North West, £153,243 6. Seaham, North East, £157,100 7. Blyth, North East, £158,265 8. Hartlepool, North East, £158,271 9. Cleethorpes, Yorkshire and the Humber, £166,909 10. Whitehaven, North West, £170,673 Here are the most, followed by the least, expensive coastal locations in each region or nation, according to Lloyds, with average house prices in 2024: East Midlands Chapel St Leonards, £214,802 Skegness, £202,559 East of England Aldeburgh, £619,693 Lowestoft, £238,372 North East Whitley Bay, £310,918 Newbiggin-by-the-Sea, £132,863 North West Grange-over-Sands, £308,419 Fleetwood, £146,338 Scotland St Andrews, Fife, £458,381 Campbeltown, Argyll and Bute, £103,078 South East Lymington, £608,253 East Cowes, £239,605 South West Sandbanks, £965,708 Plymouth, £248,668 Wales The Mumbles, £417,043 Prestatyn, £192,331 Yorkshire and the Humber Whitby/Robin Hood's Bay, £299,161 Withernsea, £148,402
