Graph of The Week: What Price A Sea View?

It’s no surprise to be told that a sea view will cost you. But how much more are vendors willing to pay?

The clever number-crunchers over at Savills have taken a look at the 12,000 sales that took place in Cornwall in 2008 and have come up with some very precise figures.

While there are significant variations around the average, depending on property type, location, and privacy, the heftiest premium is for detached properties within 100m of the coastline.

In 2008, these properties fetched a whopping average price of £525,168 while those between 100m and 250m from the coast averaged £460,585.

This means they come with premiums of as much as 85 per cent and 63 per cent respectively over comparable inland properties.

The premium often continues to be more than 50 per cent for properties between 100m and 250m of the coast, and although it tapers off beyond this distance there remains an average premium of 31 per cent within 1km of the coast.

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