{"id":9400,"date":"2014-08-06T17:15:52","date_gmt":"2014-08-06T16:15:52","guid":{"rendered":"http:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=9400"},"modified":"2014-08-11T16:39:18","modified_gmt":"2014-08-11T15:39:18","slug":"london-property-being-out-performed-by-beach-huts","status":"publish","type":"page","link":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=9400","title":{"rendered":"London property being out performed by beach huts"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"color: #000000;\">A 13ft by 13ft beach hut that contains no bedroom as well as no electricity has been put on the market for a record price of \u00c2\u00a3225,000, indicating that the sale of beach huts may well be outperforming properties even in the most sought-after boroughs of London.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The hut is located in Mudeford Split, Dorset, an area occasionally referred to as \u00e2\u20ac\u0153beach hut Mayfair\u00e2\u20ac\u009d and where the turn over of huts is regular.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-9419\" src=\"http:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/beach_huts_soutbourne-300x168.jpg\" alt=\"beach_huts_soutbourne\" width=\"300\" height=\"168\" srcset=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/beach_huts_soutbourne-300x168.jpg 300w, https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/beach_huts_soutbourne.jpg 700w\" sizes=\"auto, (max-width: 300px) 85vw, 300px\" \/>Telegraph Money calculated the average price for beach huts in Mudeford for the first half of 2012 to be \u00c2\u00a3147,000. It was calculated by turning up three previous sales, one at \u00c2\u00a3126,000 another at \u00c2\u00a3145,000 and the final one at \u00c2\u00a3170,000 which, at the time, was a record and was sold after just 2 days.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Using this average and assuming that the hut at \u00c2\u00a3225,000 has not been over-valued, this would suggest that in 24 months, the prices of beach huts have risen by 53%.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">This is in stark contrast with prices in the London Borough of Westminster, which includes sought-after locations such as Belgravia, Mayfair and Marylebone, where over the same 24 month period and using the latest Land Registry figures, house prices are up a paltry 25%.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-9402 alignleft\" src=\"http:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/IMG_6436-300x168.jpg\" alt=\"IMG_6436\" width=\"300\" height=\"168\" srcset=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/IMG_6436-300x168.jpg 300w, https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/IMG_6436-1024x575.jpg 1024w\" sizes=\"auto, (max-width: 300px) 85vw, 300px\" \/>It is important, though, to distinguish that all beach huts differ in exact location, size, and quality; therefore comparisons cannot be entirely relied upon. There are claims that beach huts in Mudeford sold in the 1980\u00e2\u20ac\u2122s for as little as \u00c2\u00a37,000, meaning an increase in value since then of over 3,100%.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">By contrast, using data from Nationwide Building Society to compare house price rises, it is revealed that if a whole house were to be bought in 1984 for that same \u00c2\u00a37,000 it would, today, be worth just \u00c2\u00a344,000 (an increase of 541%) \u00e2\u20ac\u201c putting into perspective the gargantuan rises beach huts are showing.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The figures for London were more encouraging, showing a rise of 780% in four decades, but neither come close to the dizzying rises of beach huts &#8211; potentially the next big investment commodity.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you&#8217;ve got your money in stocks, property, whisky or the like, should you be looking closer to the sea?<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.propertysurveying.co.uk\"><span style=\"color: #000000;\">www.propertysurveying.co.uk<\/span><\/a><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">BT\/SRJ \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a0 \u00c2\u00a025.07.14<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A 13ft by 13ft beach hut that contains no bedroom as well as no electricity has been put on the market for a record price of \u00c2\u00a3225,000, indicating that the sale of beach huts may well be outperforming properties even in the most sought-after boroughs of London. The hut is located in Mudeford Split, Dorset, &hellip; <a href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=9400\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;London property being out performed by beach huts&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":9419,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"folder":[],"class_list":["post-9400","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>London property being out performed by beach huts - Property Surveying NEWSLETTER<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=9400\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"London property being out performed by beach huts - Property Surveying NEWSLETTER\" \/>\n<meta property=\"og:description\" content=\"A 13ft by 13ft beach hut that contains no bedroom as well as no electricity has been put on the market for a record price of \u00c2\u00a3225,000, indicating that the sale of beach huts may well be outperforming properties even in the most sought-after boroughs of London. 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