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Beach huts sell for staggering record price
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
No water? No toilet? No mains electricity? No problem.
That is the view of investors in Mudeford, Dorset, who have snapped up eight beach huts in the coastal town for a combined £1.6 million.
The position of the huts on a remote sandbank is said to be why the eight properties sold for such a staggeringly large amount-the highest recorded in the UK.
Selling points
All eight wooden chalets are 15ft by 10ft. The most expensive hut has sold for a whopping £240,000, while the others sold for between 185,000 and 230,000. Sleeping up to six people and with solar panels on the roof providing sufficient electricity to power lights and a small fridge, the chalets have proved to be highly sought after.[1]
Toby Edgell, manager of the Beach House restaurant in Mudeford, said that he believes, ‘it is the isolation factor that makes these huts so desirable.’ He continued by saying that, ‘you aren’t allowed cars here and there is no internet access.’[1]
Beach huts sell for staggering record price
Rachel Duffy, an estate agent from Farnborough, is selling one of the chalets on behalf of her uncle, who has owned the property since the 1960’s. She said that, ‘the family is all grown up now and we just don’t get the time to go down there.’[1]
Potential owners are warned that they will have to pay between £2,500-£4,000 per year in rent to the council, with an additional £15,000 transfer fee when they come to sell their chalet.
[1] http://www.mirror.co.uk/news/uk-news/uks-booming-property-prices-see-5713489
