Waterside properties are amongst the most sought-after in the UK. From tranquil lakes to dramatic seas and ever-changing rivers, water can capture people’s attention and imagination like nothing else. Thankfully, the UK is an island full of lakes and rivers, so we’re sure you’ll find the perfect property. If you’re struggling, why not try using a property finder? They’ll thoroughly examine all properties within your preferred area that meet the pre-agreed brief and feed back their thoughts in detailed reports.
Outlined below are just some of the benefits of a waterside property. A property finder will be able to give you more detailed information on the specific area of the UK that you’re interested in.
Mental Health Benefits of A Waterside Property
Depending on where you buy, waterside properties can be incredibly calming environments. Generally void of heavy traffic or oppressive air pollution, populations also tend to be lower in these areas. Multiple studies have demonstrated that people who live close to water feel happier and more content than their urban counterparts. For many people, water is intrinsically linked to happy memories of past holidays. For others, the vast openness of a sea or the constant flow of a river can give them a much needed sense of perspective. There’s a reason why, historically, patients were sent to the seaside for respite and healing.
Whether you’re by the sea, a lake or river, there are brilliant opportunities for long, relaxing walks or scenic runs. You can even bring your dog along! Exercise can do wonders for both your physical and mental health. If you’re feeling more adventurous you could even try sailing, kayaking, windsurfing or another water sport.
Holiday Letting Opportunities
Waterside properties always have and always will be a firm favourite for holiday makers. At the height of the season, you stand to make considerable money by letting out your home. Even during the off-season, interest in more sought-after locations remains high. Thrill seekers are drawn in by water sport opportunities, families by lovely sand beaches and hikers by extensive waterside paths. Lake and riverside properties are particularly popular amongst fishers so it’s worth choosing an area with good stock.
Remember, if you are purchasing a waterside property as a second home, the purchase will be subject to a 3% stamp duty surcharge. Your property finder can explain this and other financial considerations in more detail.
A Long Term Investment Plan
The consistent interest in waterside properties means that they are a brilliant long term investment opportunity. Whilst properties with sea or water views can often command a significant price premium in the first place you still have a very good chance of making a profit when it comes to selling. According to research by Jackson-Stops in 2017, a property directly on the seafront costs 33% more on average than a property elsewhere in the town.
Further research by Savills from 2015, indicates that coastal premiums within the UK are highest in England. There, homes directly on the coast sell for around 18.7% more than properties located between 100m and 1km away. In Wales this figure is 16.6% and in Scotland it is a mere 1.2%.
As well as being a sound financial investment, waterside properties can also be an excellent personal one. It is not uncommon for individuals to purchase waterside properties with the intention of making the move upon retirement. The property then becomes an ideal place for children and grandchildren to come and visit during their holidays.
Buying Agent Partnership are incredibly knowledgeable about the benefits of a waterside property and know exactly what to look for. Contact us on 0333 939 8300 to discuss how we can help you.