Country Life: waterside homes
Property Talk: Why do we all love waterside homes?
Rivers, lakes, canals and the sea act as magnets for buyers. Annabel Dixon explores why ‘water always bucks the trend’.

Waterside homes have long been popular, and particularly during the pandemic-led ‘race for space’.

Their appeal means that the average price paid for homes in waterside postcodes has climbed by 23% in five years. And in 2022, prices for waterside homes outpaced the wider housing market for the first time in five years, according to Jackson-Stops’ Waterside Review. Prices for homes by the water increased by an average 10% last year, compared with the UK average of 8%.

The estate agent also found that 57% of waterside properties sold above their guide price last year — significantly higher than the 27% in 2020.

Nick Leeming, chairman of Jackson-Stops, says: ‘Their [waterside homes] tranquility combined with their scarcity tend to offer a winning combination for many buyers, often benefitting the most from house price booms, like the one we saw in 2021 during the race for space, for both green and blue landscapes.’

Andrew Richardson, director at Jackson-Stops Chichester estate agents branch, points out West Strand in West Wittering, ‘arguably the best road on the UK coast’, where a £400,000 property 10 years ago would now sell for upwards of £3m. ‘Water always bucks the trend,’ he says.

Featuring a modernised and well-proportioned property occupying a fabulous position with far reaching views across Thorney Channel to Chichester Harbour and Thornham Marina, on the market with Jackson-Stops Chichester with a guide price of £1,695,000.

https://www.countrylife.co.uk/property/property-talk-why-do-we-all-love-waterside-homes-258078

https://www.jackson-stops.co.uk/properties/17025470/sales/chichester