Owning a waterside property is desirable for many househunters, but there are still downsides to having a coastal home, the Little House Company has said.
Post Office Mortgages recently found that people who want to live in a coastal location are willing to part with an average of £20,448 for the privilege.
Meanwhile, the Halifax Seaside Town Quality of Life report last month revealed that Yorkshire's Bidlington, Withernsea and Hornsea are some of the best-value places in England for a house by the waves.
However, Nick Marr, director of the Little House Company, said it is easy to overlook other factors that add value to a home, such as school availability and home insurance.
"The downside is that many insurers will make you pay higher insurance fees; sea views may mean the property is at risk of corrosion from sea blast and rivers may mean a risk of flooding," he commented.
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