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The Price of a View
There are many factors that increase the value of a property, and a good vista is always high up on most peoples ‘wish lists’, which of course helps bolster the value of any property that is blessed with one.
But what is a good sea view worth?
A difficult question to answer, but Property Agents Knight Frank have given it a go. They compared the value of a property 5 miles inland, with its waterside ‘equivalent’ and assessed the difference in value.
As expected, the affect of a waterside view on the value of property varies across the nations in the UK, with the uplift in Scotland being 29%, 26% in Wales and England scoring a remarkable 66%.
The study also identified a notable difference between the different types of waterside view, with coastal surprisingly scoring at the bottom and an estuary view coming out on top, closely followed by a harbour view.
Estuary +82%
Harbour +81%
Riverside +53%
Coastal +47%
In reality, whilst interesting, this study is of limited use as the view offered by a property is only one of an almost infinite number of factors that will affect its value, and so placing an actual percentage value of a single aspect – such as a view – is somewhat moot.
So whilst you may not be blessed with a sea view in your own home, we are incredibly lucky here in Argyll that most homes in and around Oban have a waterside view within walking distance from their homes. We’ve picked a few of our favourite viewpoints in and around Oban, and best of all, we can all enjoy these free of charge!
