Entrepreneurs Break
No Result
View All Result
Wednesday, August 17, 2022
  • Home
  • News
  • Business
  • Entertainment
  • Tech
  • Health
  • Opinion
Entrepreneurs Break
  • Home
  • News
  • Business
  • Entertainment
  • Tech
  • Health
  • Opinion
No Result
View All Result
Entrepreneurs Break
No Result
View All Result
Home Real Estate

The Impact on Property Prices of Living Close To The Beach

by Ethan
April 7, 2022
in Real Estate
0
The Impact on Property Prices of Living Close To The Beach
157
SHARES
2k
VIEWS
Share on FacebookShare on Twitter

The general trend of house prices is upward. This is why it has always been considered a good investment. Although economic downturns, recessions, and other factors can cause house prices to fall, the overall effect in the long term stays the same, prices rise. 

This is one of the reasons young people are struggling to get on the property ladder, prices are rising faster than wages. 

Of course, certain locations are more desirable and this increases the price further. Properties close to the beach are generally more desirable and significantly higher than a similar property inland.

A property near the beach is worth more just because it’s by the sea but there are factors that influence how much more valuable it is. 

Table of Contents

  • The Quality Of The Beach
  • Desirability
  • Facilities
  • The House

The Quality Of The Beach

If you want to live near the beach then you are likely to want to access the beach and potentially even swim regularly in the sea. For this to be achieved you need a beach that has good quality water, an array of facilities and is monitored by Surf Life Saving Australia. This means there are flags telling you where is safe to swim and the beach has volunteer surf lifesavers to help keep you safe.

Naturally, a house near a beach that offers all this will be worth more than a beach that can’t be accessed or has no facilities on it. 

Desirability

Another factor that will increase the price significantly is how desirable the house is. A house that has a stunning view of the beach will be worth more than one that has a sea glimpse or one that is a five-minute walk to the beach. Each of these properties has its advantages but the one with a view of the beach is going to be worth the most.

The further you get from the beach the more the price drops. It’s estimated that the value of a property will increase by 2% if they are situated within just 10 miles of the beach. Outside of this range, the price is likely to drop by as much as 10% per additional 10 miles before stabilizing.

Facilities

This is slightly subjective as people have different demands regarding what facilities are near their home. But, in general, the price of a property will increase further if it is beachside and is in a city. This means that house owners have all the advantages of the beach and the array of facilities offered by a city. 

In short, they have everything they could possibly need on their doorstep, regardless of what they prefer. 

The House

Of course, the house itself makes a difference to the price. The bigger the home the more expensive it generally is. This can be altered by the number of bathrooms, particularly ensuite bathrooms and the other facilities available in the property. 

Equally, the size of the yard can make a difference as most homeowners don’t want to spend every moment of their time at the beach. 

The more desirable a home appears the higher the price it will sell for. As beaches are seen as highly desirable, a house by the beach will always be worth more than one further away.

  • Trending
  • Comments
  • Latest
Potential High Return Cryptocurrencies in 2021

Potential High Return Cryptocurrencies in 2021

July 12, 2022
5 Tips to Becoming a Good Actor- The Best Guide by Julian Brand

5 Tips to Becoming a Good Actor- The Best Guide by Julian Brand

January 9, 2022
How to Search, Share and Download Video TikTok

How to Search, Share and Download Video TikTok

April 25, 2022
Diamond Painting: The Ideal Craft Trending On Social Media

Diamond Painting: The Ideal Craft Trending On Social Media

June 20, 2022
Top 5 Safety Tips for your Family Road Trip

Top 5 Safety Tips for your Family Road Trip

2
Discover How to Get More Facebook Fans in 3 Weeks

Discover How to Get More Facebook Fans in 3 Weeks

1
Blockchain for Social Good

Blockchain for Social Good: Transparency and Accountability is Key

1
What is TikTok? Lets find out more about the app of the moment

What is TikTok? Lets find out more about the app of the moment

0
Installment Loan

Why You Might Need A Short Term Installment Loan

August 17, 2022
Paychecks

In Between Paychecks And Need Cash Fast

August 17, 2022
Why is Cronos crypto dropping?

Why is Cronos crypto dropping?

August 17, 2022
What’s The Best Fabric For Heavy Duty Tents

What’s The Best Fabric For Heavy Duty Tents

August 17, 2022
Entrepreneurs Break

Entrepreneurs Break is mostly focus on Business, Entertainment, Lifestyle, Health, News, and many more articles.

Contact: [email protected]

Note: We are not related or affiliated with entrepreneur.com or any Entrepreneur media.

© 2022 - Entrepreneurs Break

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Tech
  • Health
  • Opinion

© 2022 - Entrepreneurs Break

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In