This Lancashire development is perfect for those who want to live by the sea
The UK’s aspiration to live beside the sea is as strong as ever, according to new research from leading housebuilder Redrow.
An analysis of the views of 2,000 UK adults reveals that more than four in ten (43%) dream of owning a home by the coast, while almost 60% long to live by the water more generally with 16% looking to reside alongside a river.
This research chimes with the Office for National Statistics’ (ONS) mid-2018 migration data which shows that the South West, well-known for its diverse coastline, experienced the greatest internal migration net flow, with more people moving to local authorities (30.5 people per 1,000 population) within the region than those leaving (25 people per 1,000 population).
Our research saw a clear preference for living by the coast from respondents in every UK region – apart from London where more people want to live in a suburban residential area. Almost half of people who live in the Liverpool City Region (44%) do want to live by the coast, with 30% wanting to live in the countryside. Only 13% want to live near major transport links.
When it comes to the younger generation of aspiring and current homeowners aged between 18 and 34, living near the coast ranked in fifth place in terms of preference. Most respondents within this age group want to live in a suburban residential area (31%), followed by the countryside (30%) and a city or large town (27%).
More generally, living in the countryside was Brits’ second preference, with more than three in ten (31%) saying this would be the location of their dream home. More than two in ten (21%) of all respondents specifically want to live in or near to a national park or Area of Outstanding Natural Beauty (AONB).
Having recently celebrated their 70th anniversary, national parks are considered a good investment – with property prices in each of the UK’s 15 national parks experiencing price rises over the last five years, according to data from estate agent Savills.
Claire Jarvis, our Group Sales Director, said: “From seaside spots to suburban towns and quaint villages, the UK’s property market offers buyers a huge variety of destinations to consider. Residing beside the water has long been and continues to be an aspiration for British homeowners – as highlighted by our latest research and strong sales at Sanderling Park in the coastal town of Formby. However, it is interesting to see homes in residential towns in demand from both Londoners and those aged between 18 and 34 years old. With the use of Help to Buy we have helped hundreds of aspiring first time buyers and second steppers purchase their dream homes within suburban communities such as Bridgewater View, in Greater Manchester. On sites like this, which are often high-density and mixed-use, we look to provide high-quality services such as schools and parks, and improved infrastructure that come together to create thriving community spaces in which residents love to live.”
Lesley Myers, Sales Manager at our Lancashire division, added: “Our Sanderling Park development is less than two miles from Formby beach and offers residents the chance to make the most of seaside living. Formby also has a lively social scene with restaurants and bars as well as shops and outstanding local schools. Homes here include the four-bedroom detached Stratford that starts from £347,995 and is ideal for growing families. Redrow’s Help to Sell initiative is also available to use at Sanderling Park meaning current homeowners could be in a brand new Redrow home in four easy steps and have help towards their estate agent fees.”