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Most expensive seaside property revealed with Salcombe topping the list

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Do you want to be beside the seaside? The coastal hotspots that have seen house prices rise by as much as 48%… in A YEAR!

  • New data from Halifax revealed the most expensive seaside towns in Britain
  • St Mawes in the South West has seen property prices surge in last 12 months 
  • The most expensive seaside town for homebuyers is Salcombe in Devon 
  • The average price of a property in a British seaside town is £265,978

Britain’s most expensive seaside towns for homebuyers have been revealed, and those in the South West are at the top of the list as people re-evaluate their work and lifestyle due to the pandemic.

Salcombe in Devon, with its pretty coastline of secluded coves and sandy beaches, is the most expensive seaside town with an average house price of £950,325.

It is more than three times the average price of a property in a British seaside town, which stands at £265,978, according to the data by Halifax. 

Meanwhile, St Mawes in Cornwall has seen the biggest increase in average prices of any seaside town during the last year, jumping a whopping 48 per cent – from £339,912 to £501,638.

Salcombe in Devon (pictured) is the most expensive seaside town with an average house price of £950,325

Salcombe in Devon (pictured) is the most expensive seaside town with an average house price of £950,325

New data from Halifax revealed the most expensive seaside towns in Britain

New data from Halifax revealed the most expensive seaside towns in Britain

Sandbanks in Poole is the second most expensive seaside town with an average house prices of £835,971.

It is known for having some of the most expensive and in-demand property in the world, with many homes bought to be knocked down and replaced with new buildings that make the most of every square inch of the plot.

Celebrities who live in the area include former Tottenham Hotspur, West Ham and QPR boss and I’m a Celebrity winner Harry Redknapp.

The average price of a property in a British seaside town is now £265,978, a leap of 10 per cent or £24,055 during the past year.

The Halifax data tracks house price movements in 191 seaside towns in Britain, and is based on house price data from the Land Registry and Registers of Scotland. 

Other areas that have seen prices surge in the last 12 months include Eyemouth and Port Bannatyne in Scotland. 

Britain's seaside towns biggest annual house price increases are revealed by Halifax

Britain’s seaside towns biggest annual house price increases are revealed by Halifax

Sandbanks in Pool is the second most expensive seaside town with an average house prices of £835,971.

Sandbanks in Pool is the second most expensive seaside town with an average house prices of £835,971.

THE LEAST EXPENSIVE SEASIDE TOWNS IN BRITAIN
Seaside Town Region Average House Price 2020 
Millport Scotland £74,148
Girvan Scotland £90,210
Campbeltown Scotland £92,726
Rothesay Scotland £97,753
Greenock Scotland £99,994
Saltcoats Scotland £102,164
Thurso Scotland £104,041
Wick Scotland £106,062
Irvine Scotland £109,685
Stranraer Scotland £110,674
Source: Halifax/Registers of Scotland, house price data, Full Year 2020

Scotland dominates the list of Britain’s least expensive seaside towns – with Millport, on the Isle of Cumbrae, offering the most affordable properties at an average of just £74,148.

During the past decade, the average house price in Britain’s seaside towns has risen by 36 per cent – or £71,046 – from an average of £194,932 in 2011 to £265,978 in 2021.

Padstow in Cornwall has seen the biggest average price rise of any seaside town over the last decade, jumping by more than a quarter of a million pounds, from £351,458 to £616,368.

Padstow in Cornwall has seen the biggest average price rise of any seaside town over the last decade

Padstow in Cornwall has seen the biggest average price rise of any seaside town over the last decade

Russell Galley, of Halifax, said: ‘The housing market has experienced some dramatic changes over the past year, brought about by the impact of the pandemic. But one thing that remains constant is the Brits’ love of the seaside.

‘Properties in these towns have always been highly sought after – with residents prizing the picturesque scenery and coastal way of life – meaning a big price premium in the most desirable locations.

‘As many people re-evaluate their work and lifestyle priorities, the South West has been a magnet for those drawn to a life by the water, with Salcombe, Sandbanks and Padstow the three most expensive seaside locations in Britain.

‘However, more affordable options exist for those willing to move further north, with many towns on Scotland’s coastline offering great value for money.’

Britain's seaside towns biggest house price increases over the past decade are revealed

Britain’s seaside towns biggest house price increases over the past decade are revealed

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Minister has ‘no idea’ how many funds will escape 10% stamp duty, says Doherty

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Minister for Finance Paschal Donohoe has been accused of having “no idea” how many forward purchase agreements were in place to bulk buy houses before they were exempted from an increase in stamp duty on multiple purchases.

Sinn Féin finance spokesman Pearse Doherty made the accusation after Mr Donohoe said such information “is not collected by the department. However I will explore with the Minister for Housing whether it is possible to put in place a reporting regime for agreements of this nature”.

Mr Doherty criticised the Minister for not attempting to establish how many housing units and developments would be bought by vulture funds without being subject to the 10 per cent stamp duty obligation.

“This is about Maynooth all over again and you’ve no idea how many of them are there,” he said in reference to the purchase by an investment fund of an entire housing estate in Co Kildare, which sparked controversy around the squeezing out of first-time buyers.

The subsequent public anger prompted the Government to impose a 10 per cent stamp duty, instead of the normal 1 per cent, for bulk purchases of 10 or more houses in a 12-month period by an individual or corporation.

Mr Doherty told the Minister: “You have no idea how many forward purchase agreements are in place yet you exempted every single last one of them from the 10 per cent stamp duty.”

He added that the Minister had no idea either how many transactions had been completed since the financial resolution was introduced last month.

“And really doesn’t that speak volumes of the fact that you were kicked dragging to this point where you didn’t want to be in the first place which was you didn’t want to tax the vulture funds.”

Raising the issue during finance questions in the Dáil he said “you have exempted something that you don’t know how much is there. You don’t know how many bulk purchases over the next number of years because you have no knowledge of how many agreements are there.”

But defending his approach Mr Donohoe said he was motivated to have policies to deal with the bulk purchase on family houses but also to “get the balance right between also allowing more homes being built in the future”.

He said he had information about the kinds of purchases and forward purchases that took place in recent years but the information “isn’t available to me” in relation to purchases currently being completed or under way.

But he insisted “that doesn’t undermine the policy rationale for what I did”.

Mr Doherty said the Minister could have got some information from published reports online but “you didn’t even look, you didn’t even want to find out. You came before this House and you said every single forward purchase agreement for homes is exempt that is already entered into a contract.

“And actually every single one that you actually complete over the next number of months we’ll exempt all of them as well.”

The Minister insisted however that he put the policy in place to get the balance right between trying to address multiple purchases but also allow supply of more homes in the future.

He added that if they extended the increased stamp duty to forward purchases “the net effect would be less homes being built in the future.

“I want to see more homes available and that’s why I believe the policy we have in place gets the balance right.”

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The Cotswold house being sold with a 94-year-old tortoise

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This pretty period property in the Cotswolds has an unusual feature that is being included in its sale. 

While new homes may occasionally try to tempt buyers by including additional items for sale, such as furniture or even a car, this Grade II listed property is on the market for £825,000 with a more unusual – and elderly – offering.

It has a 94-year-old resident tortoise that resides in the garden of the four-bedroom detached house in Wiltshire’s Box.

A 94-year-old tortoise is part of the sale of this stunning four-bedroom home in the Cotswolds

A 94-year-old tortoise is part of the sale of this stunning four-bedroom home in the Cotswolds

Resident Hercules is a local village celebrity and is an impressive 94 years old

Resident Hercules is a local village celebrity and is an impressive 94 years old

The property is called the The Old Diary and is bursting with character features. But its most charming feature is arguably Hercules, the tortoise.

After moving into The Old Dairy in 2007 and becoming custodian of the then 80-year-old resident tortoise, the current owner of the property soon discovered that Hercules is folklore in the village of Box and somewhat a creature of habit.

The current owner – of both the property and the tortoise – has lived in the property for the last 14 years and reports that Hercules can be expected to begin hibernating around 20 October, until emerging again on or very close to 20 April the following year in line with the start of warmer days. 

This is a feat they have seen repeated annually with complete accuracy.

When not hibernating, Hercules is a low-maintenance garden resident who enjoys a diet of lettuce, cucumber, and tomatoes.

While it’s no secret that Hercules is a local village celebrity, a less well-known fact about this four-legged garden friend is that following a visit to the vet in the 1970s, it was confirmed that Hercules is in fact female.

Beyond the walled-garden where Hercules resides, there is plenty more outdoor space to be enjoyed.

The property is full of character features including wooden beams and an Aga in the kitchen

The property is full of character features including wooden beams and an Aga in the kitchen

The property is for sale via estate agents Hunter French, in Corsham, with a price tag of £825,000

The property is for sale via estate agents Hunter French, in Corsham, with a price tag of £825,000

The inside of the period home spans three floors and includes this living room with a cosy fireplace

The inside of the period home spans three floors and includes this living room with a cosy fireplace

The ground floor of the property also includes this large and bright conservatory that leads to the garden

The ground floor of the property also includes this large and bright conservatory that leads to the garden

To the front of the house, there is a gravel driveway and lawned garden bordered by flowers. 

Also in the garden is an outbuilding that was once use as a double garage, but now offers itself as a space with potential for new owners to explore as it was previously transformed into a charming café.

Inside, the period home spans three floors. To the ground floor, there is a kitchen and breakfast room that can be accessed via the tiled entrance hall and boasts a blue Aga.

The formal dining room has access to the cellar and provides the perfect setting for entertaining, while the sitting room is centred around a cosy open fireplace.

Currently a working-from-home space, the third reception room is the oldest part of the property and completes the ground floor, alongside a utility room, cloakroom, and a conservatory.

As well as the family bathroom, there are three bedrooms on the first floor, while the fourth bedroom on the top floor has an ensuite and living space.

The outdoor space includes a driveway and an outbuilding that was once used as a double garage

The outdoor space includes a driveway and an outbuilding that was once used as a double garage

The character property in Box has four bedrooms including a main suite on the top floor

The character property in Box has four bedrooms including a main suite on the top floor 

The top floor includes additional living space that can be used to accommodate extra guests

The top floor includes additional living space that can be used to accommodate extra guests

Helen Whiteley, of property website OnTheMarket.com, said: ‘It certainly isn’t every day you come across a property for sale with its very own resident tortoise.

‘At the age of 94, Hercules has so far lived through two World Wars as well as the reign of four British monarchs, George V, Edward VIII, George VI, and Elizabeth II.

‘If she could, I’m sure she would be able to tell some of the most amazing tales. As it stands, now both the property and Hercules are seeking their next owner to act as their custodian with each full of character, albeit in rather different ways.’

The current owner - of both the property and the tortoise - has lived in the property for the last 14 years

The current owner – of both the property and the tortoise – has lived in the property for the last 14 years

There is plenty of outdoor space that Hercules uses, including a lawn and flower beds

There is plenty of outdoor space that Hercules uses, including a lawn and flower beds

The outbuilding offers the potential for new owners to explore as it was once a charming café

The outbuilding offers the potential for new owners to explore as it was once a charming café

Lauren Walsh, of estate agents Hunter French, in Corsham, – which is handling the sale – said: ‘The Old Dairy is an incredibly charming home filled with character and would make for a wonderful family home looking to make their next move.

‘While Hercules the tortoise is undeniably one of the most popular characters in the local village, Box itself has a lovely sense of community and offers great places to spend days out with family and friends, whether this be in the great outdoors or at one of the welcoming pubs or restaurants on offer.’

The outbuilding could be used as guest accommodation or as a bed & breakfast option

The outbuilding could be used as guest accommodation or as a bed & breakfast option

The inside of the outbuilding could be transformed to help produce an additional income

The inside of the outbuilding could be transformed to help produce an additional income

The village of Box is on the southern slope of the ByBrook valley and in the Cotswolds Area of Outstanding Natural Beauty,

Many of its buildings are made from the natural Box stone which has been quarried in the surrounding area since at least the 8th Century.

The average price of a property in Box is almost double the £329,735 national average at £601,284, according to property website Zoopla.

Peter Gabriel established his state of the art ‘Real World Studios’ in Box and this has helped to attract people from the entertainment industry to settle in the village.

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Ireland’s data commissioner loses sole regulatory oversight of Facebook in Europe

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Europe’s top court on Tuesday endorsed the power of national data watchdogs to pursue big tech firms even if they are not their lead regulators, in a setback for Silicon Valley companies such as

Facebook. The EU Court of Justice (ECJ) ruling could encourage national agencies to act against US tech companies such as Google, Twitter and Apple, which all have their European Union headquarters in Ireland.

Many national watchdogs in the 27-member European Union have long complained about their Irish counterpart, saying that it takes too long to decide on cases.

Ireland has dismissed this, saying it has to be extra meticulous in dealing with powerful and well-funded tech giants. The ECJ got involved after a Belgian court sought guidance on

Facebook’s challenge against the territorial competence of the Belgian data watchdog’s bid to stop it from tracking users in Belgium through cookies stored in the company’s social plug-ins, regardless of whether they have an account or not.

“Under certain conditions, a national supervisory authority may exercise its power to bring any alleged infringement of the GDPR before a court of a member state, even though that authority is not the lead supervisory authority with regard to that processing,” the ECJ said.

Under landmark EU privacy rules known as GDPR, Facebook faces oversight by the Irish privacy authority because it has its European head office in Ireland. – Reuters

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