Latest news with #Rightmove
Telegraph
13 hours ago
- Business
- Telegraph
The seaside house price hotspot bucking the coastal downturn
Tom Cole is embracing semi-retirement – and is moving against the tide. While soaring council tax bills are pushing second home owners to sell up their seaside homes, he is buying. He and his partner, Lee Gunthorpe, are in the process of exchanging their Hertfordshire home for an elegant seaside townhouse in Dartmouth, Devon. It is one of the few towns that are bucking the seaside price slump. In the past year, prices have breached the £500,000 barrier, with 4pc annual growth, according to Rightmove. Further along the coast, prices in Sidmouth have fallen by 5pc in the same period (to just under £495,000), while Canford Cliffs is the biggest loser, with prices down 9pc to £975,000. Properties by the seaside across the country rose in value by just 1.1pc in the last year to £318,464. Cole, 59, a former university lecturer, and Gunthorpe, 56, who traded in his career as a project manager in the City to become a postman, got to know south Devon after Cole's parents moved to Kingswear, on the other side of the river Dart, from Dartmouth, 16 years ago. 'The lifestyle is very laid back,' says Cole. 'You feel as if the pace of life is much slower and you are out of the rat race but there is still a lot to do.' Since spending £515,000 on their townhouse in March – their similar-sized home in Sawbridgeworth, a 400-year-old converted workshop, is in the process of being sold for £435,000 – Cole and Gunthorpe have been able to indulge in hobbies like kayaking and are volunteering at the National Trust-run Greenway Estate, the former home of Agatha Christie. The couple already have friends locally and think that making more will be pretty straightforward. 'People seem to be down to earth, happy and approachable,' says Cole. Dartmouth hasn't escaped from the coastal downturn completely. Second home buyers have all but vanished, says buying agent Ed Jephson, of Stacks Property Search. But Dartmouth has always appealed to retirees or those approaching it. 'I cannot speak highly enough of it, it is a fantastic town, a really functioning all-year-round town' says Jephson. 'Second home owners are quiet, but the void has been filled by people who want to live here full time. 'I am not surprised because the quality of life is second to none. It is a really active, healthy community. I play tennis every week and rarely does it get too cold – you can still be in your shorts in November. There is sailing and walking too, and the restaurants survive because there is trade all year round, which is not something you can really say about all of the South Hams.' James Archibald, a 36-year-old photographer, agrees. He moved to Dartmouth in the depths of winter, and has been pleasantly surprised by how it functions off-season. Having grown up in north Devon, he was braced to find a town shut down for the winter season. 'It has been revelatory,' says Archibald, who used to live in Exeter, but moved to Dartmouth in December after inheriting his grandparents' bungalow. 'There was still a lot going on, a lot of culture for its size and everything just keeps ticking along. In somewhere like Croyde, for example, come October everything closes and doesn't reopen again until Easter.' Not only do most of Dartmouth's independent shops and restaurants stay open over the winter, but the town centre, with its pastel painted buildings lined up overlooking the harbour, is picturesque whatever the weather. There are also plenty of annual events, from August's annual regatta to live music and food festivals throughout the year. Its two schools are both rated 'good' by Ofsted. Trains from Totnes Station 10 miles away take just over two-and-a-half hours to London Paddington. Richard Blake, of Winkworth estate agents in Dartmouth, believes that the Rightmove figures disguise a more complicated picture. He agrees with Jephson that second home buyers have vanished, deterred by a combination of general economic malaise, a reported drop in holiday let bookings and a 100pc council tax surcharge. This has decimated demand for little fisherman's cottages and marina-front apartments that were being snapped up for record prices in 2021 and 2022. But locals' homes, largely flats under £150,000 sold to first-time buyers and family houses away from the waterfront that go for between £275,000 to £475,000, are still trading well. Traditionally, retirees have been Dartmouth's bread-and-butter buyers, but the town has been benefitting from a younger influx of buyers freed from their offices by working from home, who are keen to start a new life by the sea. While the UK's population is ageing, the South Hams is bucking the trend according to the Office for National Statistics migration data. It is attracting an increasing number of young incomers. In 2022, the most recent data available, 17pc of movers into the area were in 20s, and another third were in their 30s and 40s. Only only 22pc were in their 50s and 60s. Becky Dostal and her partner Arran Watkins, both 30, relocated to Dartmouth in 202, and their move from Cheltenham, Gloucestershire, has brought the couple career satisfaction. In Cheltenham, Dostal worked as a chartered accountant and Arran was operations manager for a private jet company. For Dostal, the appeal of spreadsheets and tax returns had started to pall, while Arran was not completely satisfied with dealing with the travel arrangements of the 1pc. The couple decided to quit their jobs and clear their heads by going travelling for six months. On their return, they decided to move to Dartmouth, largely because Dostal's parents and brother had already relocated to the area. Once settled into a £650 per month two-bedroom house – a couple of hundred pounds less than they were paying for a similar-sized property in Gloucestershire – Dostal turned her baking hobby into a business, setting up Pebble Pantry and selling her wares online and in local cafes. Arran is an on-call firefighter and works part time for a boat maintenance company. The couple have found Dartmouth's community 'close knit'. 'You really have to put yourself out there to make friends – it's not like in Cheltenham where there were lots of sports clubs and groups to join,' says Dostal. But the couple have relished the chance to explore nearby Dartmoor, walk the South West Coast Path and hang out on the beach after work. 'Sometimes it feels like we are on holiday,' she says. Julie Hill, of The Coastal House, sells seaside homes in the South Hams and Torbay, and has seen the change in the market's focus. 'The market in Dartmouth has really shifted,' she adds. 'There are not many second home buyers, but what we are getting is people who want to buy permanent homes, often early retirees, but young families too, and they are serious buyers – if they see something they like they will buy it.' 'Dartmouth really punches above its weight,' she says. 'People feel that they can relocate down here and have a life all year round.'
Daily Record
a day ago
- Entertainment
- Daily Record
Katie Price could be homeless just months after selling Mucky Mansion
Despite claiming to earn a substantial income from her adult content subscription service and various brand partnerships, Katie has confessed to facing difficulties securing a guarantor for a new rental. Katie Price is facing the possibility of homelessness as she may need to vacate her rented accommodation. The ex-glamour model and television personality has previously been candid about her housing issues, having had to relinquish her 'Mucky Mansion' due to escalating debts. Currently, the 47 year old resides in a mock Tudor, four-bedroom house in Sussex, where she's been for the past eight months, paying approximately £5,000 per month in rent. However, Katie has recently discussed her future at this property, acknowledging that she's reached a turning point. Despite claiming to earn a substantial income from her adult content subscription service and various brand partnerships, Katie has confessed to facing difficulties securing a guarantor for a new rental. "I was supposed to have this place for about two years," she remarked about her present abode, before revealing: "The guy who owns it – such a nice guy – he let me have the place even though I didn't have a guarantor. "And I've been on time with all the payments, as you should, bills and everything. But now he wants to sell it." On her podcast, The Katie Price Show with sister Sophie, Katie elaborated: "It p****s me off. Some houses I look at, I can't get a guarantor. Some people don't earn money like me to be a guarantor," reports the Mirror. "One house I do want, the landlord wants six months' rent up front in case I miss a payment and he also wants a guarantor – even though I've got the best reference ever from this guy. It's so annoying. Because that guy has read the papers and that, I get judged on it. It's so annoying." Sophie tried to reassure Katie, pointing out: "Nowadays with renting they are asking for more, it is more competitive." But Katie, who has always been open about her difficulties, revealed: "The truth is people don't realise I got into all that bankruptcy stuff not because I didn't want to pay but because I had a breakdown." The television personality has faced bankruptcy twice - first in November 2019 and again in March 2024, with both cases subsequently discharged. Her previous residence, Mucky Mansion, which she bought in 2014 from Francis Maude, went on the market in December following her eviction over money problems. Earlier this month, Katie revealed she'd begun searching for fresh accommodation on Rightmove after learning her current landlord planned to sell up. She shared: "I've got to move house as the guy who owns it wants to sell the house now. So, I've got to go on the house hunt again. "I might go closer to the kids' school. I am gonna talk to the guy, he might let me stay there a bit longer but he might not." Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. Should she be unable to remain, Katie is keen to relocate nearer to her children's schools. In December, she eventually secured a buyer for Mucky Mansion after slashing the price twice. The property was initially on the market for £1.5 million, before being reduced to £1.35 million. However, the celebrity, who was ousted due to mortgage arrears, later dropped the price to £1.15 million. Unfortunately, she didn't receive any proceeds from the sale as it was used to settle her outstanding debts.
Yahoo
a day ago
- Business
- Yahoo
Sea-view homes in Britain cost over £88,000 more on average
Homes with a sea view in Britain can cost nearly £88,107 more on average than those without, according to research by Rightmove (RMV.L). The property platform said that the average asking price for a home with a sea view in Britain stands at £363,181. That's compared to £275,074 for properties in coastal areas without this coveted feature, representing a 32% price premium. Rightmove's analysis looked at more than 200 coastal areas, comparing the average asking prices of homes available with a sea view to those without one. Read more: What are branded residences and who's buying them? At a regional level, homes in the East Midlands with a sea view commanded the biggest premium, of 68%, carrying an average asking price of £428,330. The South West came in second place, with a typical premium of 44% for this type of property, commanding an average asking price of £405,676. Within this region, Torbay in Devon was found to be the area with the highest number of available homes listed with a sea view. Scotland had the third biggest regional premium of 43% for these homes, with an average asking price of £218,867. Colleen Babcock, property expert at Rightmove, said: "Sea views have always been a highly sought-after feature for homebuyers, and our latest research highlights just how much more people are willing to pay for one." Mary-Lou Press, president at NAEA Propertymark, said that the Rightmove data was "encouraging news for those who own seaside properties, as their homes carry significant value. The surge in people working remotely since the pandemic has no doubt resulted in an increase in demand for properties with seaside views." "However, the price premium added to seaside homes is determined by many variables like location, the quality of the view, and the overall appeal of the area," she said. "Although a sea view can be a sought-after and valuable feature, it's important to be aware of the elements that affect its value. Conducting thorough research on the specific market is crucial before making any purchasing decisions." A typical home in the UK cost £296,665 in June, according the latest Halifax House Price index released last week. This figure was little changed compared to the previous month but was 2.5% higher than a year earlier. Read more: One million UK homes jump by 50% in value since 2020 — up by £117,400 on average Meanwhile, separate data released by Zoopla on Wednesday showed that estimated house values in the UK have continued to climb longer-term. Analysis by the property website found that one million homes in the UK have seen their value increase by 50% or more since the pandemic five years ago, with an average gain of £117,400. The property website's research, released on Thursday, found that eight in 10 UK homes grew by more than 5%, an average increase by £60,800. Zoopla said that UK house values had increased by an average 20% since 2020, with some areas experiencing more significant growth than others, despite a drop in buyer demand in 2023 due to higher borrowing costs in 2022. Read more: Mortgage rate war heats up with Barclays dropping to 3.75% Average London rent surges to £2,252 a month Jobs data increases odds on Bank of England interest rate cut
Daily Mirror
a day ago
- Entertainment
- Daily Mirror
Katie Price risks being left homeless as landlord forces her to move out of house
Katie Price has opened up about her future, admitting she fears being left homeless after her rental landlord has decided to sell the property she currently lives in Katie Price could be left homeless as she faces having to move out of her rental property. The former glamour model turned TV star has been extremely open about her living situations in the past, having been forced to give up her Mucky Mansion home due to mounting debts. Now, the 47-year-old currently resides in a mock Tudor style, four-bedroomed property in Sussex, where she has lived for eight months. Katie rents the home for around £5,000 per month. But now, Katie has opened up about her future in the property and admits she's come to a crossroads. Despite claiming to rake in a fortune from her lucrative adult subscription page and brand deals, Katie has said she's struggling to find a guarantor so she can rent a new house. "I was supposed to have this place for about two years," she said of her current home, before adding: "The guy who owns it – such a nice guy – he let me have the place even though I didn't have a guarantor. "And I've been on time with all the payments, as you should, bills and everything. But now he wants to sell it." Speaking on her podcast, The Katie Price Show with sister Sophie, Katie continued: "It p****s me off. Some houses I look at, I can't get a guarantor. Some people don't earn money like me to be a guarantor. "One house I do want, the landlord wants six months' rent up front in case I miss a payment and he also wants a guarantor – even though I've got the best reference ever from this guy. It's so annoying. Because that guy has read the papers and that, I get judged on it. It's so annoying." Sophie attempted to clear the air with Katie, explaining: "Nowadays with renting they are asking for more, it is more competitive." But Katie, who has never shied away from her struggles revealed: "The truth is people don't realise I got into all that bankruptcy stuff not because I didn't want to pay but because I had a breakdown." The TV star has been declared bankrupt on two occasions, firstly in November 2019 and the second in March 2024. Both of which, were discharged. Her former home, Mucky Mansion, which she purchased in 2014 from Francis Maude was put up for sale in December after she was evicted due to financial troubles. Earlier this month, Katie explained she had started to look for a new house on Rightmove after being informed her landlord wanted to sell the home. She commented: "I've got to move house as the guy who owns it wants to sell the house now. So, I've got to go on the house hunt again. "I might go closer to the kids' school. I am gonna talk to the guy, he might let me stay there a bit longer but he might not." However, if she can't stay, Katie is eager to move closer to her children's schools. In December, she finally found a buyer for Mucky Mansion after she cut the price on two occasions. The home was initially listed for £1.5million, before being lowered to £1.35 million. However the star, who was evicted after failing to pay the mortgage, later lowered it to £1.15 million. But she didn't see a penny from the sale as it was taken to cover the debts she had owed.
Yahoo
2 days ago
- Business
- Yahoo
Sea-view homes in Britain cost over £88,000 more on average
Homes with a sea view in Britain can cost nearly £88,107 more on average than those without, according to research by Rightmove (RMV.L). The property platform said that the average asking price for a home with a sea view in Great Britain stands at £363,181. That's compared to £275,074 for properties in coastal areas without this coveted feature, representing a 32% price premium. Rightmove's analysis looked at more than 200 coastal areas, comparing the average asking prices of homes available with a sea view to those without one. Read more: What are branded residences and who's buying them? At a regional level, homes in the East Midlands with a sea view commanded the biggest premium, of 68%, carrying an average asking price of £428,330. The South West came in second place, with a typical premium of 44% for this type of property, commanding an average asking price of £405,676. Within this region, Torbay in Devon was found to be the area with the highest number of available homes listed with a sea view. Scotland had the third biggest regional premium of 43% for these homes, with an average asking price of £218,867. Colleen Babcock, property expert at Rightmove, said: "Sea views have always been a highly sought-after feature for homebuyers, and our latest research highlights just how much more people are willing to pay for one." Mary-Lou Press, president at NAEA Propertymark, said that the Rightmove data was "encouraging news for those who own seaside properties, as their homes carry significant value. The surge in people working remotely since the pandemic has no doubt resulted in an increase in demand for properties with seaside views." "However, the price premium added to seaside homes is determined by many variables like location, the quality of the view, and the overall appeal of the area," she said. "Although a sea view can be a sought-after and valuable feature, it's important to be aware of the elements that affect its value. Conducting thorough research on the specific market is crucial before making any purchasing decisions." A typical home in the UK cost £296,665 in June, according the latest Halifax House Price index released last week. This figure was little changed compared to the previous month but was 2.5% higher than a year earlier. Read more: One million UK homes jump by 50% in value since 2020 — up by £117,400 on average Meanwhile, separate data released by Zoopla on Wednesday showed that estimated house values in the UK have continued to climb longer-term. Analysis by the property website found that one million homes in the UK have seen their value increase by 50% or more since the pandemic five years ago, with an average gain of £117,400. The property website's research, released on Thursday, found that eight in 10 UK homes grew by more than 5%, an average increase by £60,800. Zoopla said that UK house values had increased by an average 20% since 2020, with some areas experiencing more significant growth than others, despite a drop in buyer demand in 2023 due to higher borrowing costs in 2022. Read more: Mortgage rate war heats up with Barclays dropping to 3.75% Average London rent surges to £2,252 a month Jobs data increases odds on Bank of England interest rate cutSign in to access your portfolio
