One beach hut for sale at £300,000
The location is the Chesil Beach at West Bexington, Dorset which is home to potentially the U.K.'s most expensive beach hut. The property, which is a 524 ft.² single-storey three bed wooden shack looks, on the outside, like a large garden shed but could in fact become a pot of gold for the property's owner. Despite the fact that we are in the grips of an economic downturn in the UK it would appear that despite being on the market for £300,000, offers could eventually hit £325,000!
While there is no rhyme nor reason why the beach hut market should in any way be insulated from the difficult conditions in the wider marketplace it would appear that this particular area of the market is still very much sought after and a strong niche. The council tax on this particular property is a relatively low £1,032 although quite why anybody would want to live in a beach hut, where planning permission to change the look and feel of the venue will likely be limited, is anybody's guess.
Overall the UK property market is set to come under pressure in the latter part of 2010 as various issues come home to roost, reducing liquidity in the consumer market and placing pressure on property prices.
Share this..
Related stories
The Royal institution of Chartered Surveyors predicts 50,000 repossessions this year
In direct contrast to the figures released by the Council of Mortgage Lenders (CML) the Royal Institution of Chartered Surveyors (RICS) has today revealed a forecast that 50,000 homes will be repossessed in the UK this year. This is significantly less than the 75,000 forecast by the CML and places yet more confusion into the UK property market. Interestingly, the figure of 50,000 repossessed homes...
Read MoreWhat will kick start the property sector?
As UK base rates head towards 1% this week there are some experts suggesting that the property sector could well stabilise in the short to medium term and push on in the longer term. However, it is proving very difficult to put a finger on what will kick start the property sector and what will effectively stop the ongoing slide. The onset of a 1% base rate, potentially falling to 0% in due course,...
Read MoreStandard And Poors Sees Problem Of Negative Equity Increasing
When the leading credit ratings agency, Standard and Poors, suggest that UK house prices still have some way to fall it really is time to sit up and listen. Standard and Poors suggest that the UK market still has a further 17% to fall before it can start to rebuild again, a figure which will see 1 in 7 home owners move into negative equity - a figure of 1.7 million home owners in total!
The great mystery of UK house price increases
Each day seems to bring a little more positive news on UK house prices which on the whole appear to be rising in what is still a very depressed and difficult economic environment. Unemployment continues to push ahead, more people are in negative equity, more and more people are falling behind with their mortgage payments and ultimately the financial pressure is increasing in many parts of the UK p...
Read MoreReport Suggests Exams For Estate Agents
While the fearsome reputation of estate agents of the past may not fully reflect the more structured approach to the industry of today, a new report suggests that it is time for estate agents to sit exams before they are able to work in the industry. Surprisingly it seems that currently anyone can work as an estate agent and start selling to the public without a single relevant qualification - a...
Read More