At £280000, is this the most overpriced property in Britain? - Telegraph.co.uk

At £280000, is this the most overpriced property in Britain? – Telegraph.co.uk

You can’t get a mortgage on them. They don’t have running water or toilets. There’s no privacy. And you can haul them away at a moment’s notice. But they’re on sale for £275,000 and there’s no shortage of interested shoppers. They’re luxury beach huts on a beach in Dorset, England. On top of the ridiculous price tag, around £1600 per square foot, which rivals London’s Chelsea neighborhood, one of the most expensive places in the world to live, buyers will also have to pay £2000 per year to the local council for a license, plus another £500 council tax.

Key Takeaways:

While inflation across the UK appears to have home buyers thinking twice, their rational buttons go a bit wonky, so it would seem, when it comes to beach huts.
Even when the beach property is tiny, lacking in privacy, security, and even at times plumbing, people appear willing to pay through the nose.
To put it in perspective, a beach hut averaging at £1,600 per square foot, costs the same as a home in London’s Chelsea, without adding in council tax and local council annual fees.

“I think people are a bit bonkers to be honest but I’m just selling them, not buying them.”