In this episode, Natalie is delving into the intriguing world of beach hut prices and whether they can truly be considered assets in this episode. With an average UK beach hut price of £46,000, Natalie explores the wide range of prices across different locations, from a £16,000 hut in Hetcham to a £480,000 beach hut in Christchurch. Comparing beach hut price growth to traditional assets like houses, stocks, gold, and even Bitcoin, Natalie provides a detailed analysis of the financial aspects of owning a beach hut. She discusses the various costs associated with beach hut ownership, from maintenance to insurance, and explores the potential for turning a beach hut into a revenue-generating asset through subletting or renting. Ultimately, Natalie emphasizes the joy and memories that beach hut ownership brings, highlighting the true value of having a seaside retreat.

KEY TAKEAWAYS

• Beach hut prices vary significantly across the UK, with some selling for as low as £16,000 and others for as high as £480,000.
• Beach hut prices have been steadily increasing, with a 37% increase in one year and a 7.9% increase in another.
• Owning a beach hut comes with various costs such as maintenance, insurance, and association fees, making it more of a liability than an asset.
• Some beach hut owners generate income by renting out their huts, but strict rules and additional costs may apply.
• Despite the financial aspects, many beach hut owners value their huts for the joy, memories, and special holidays they provide, often passing them down through generations.

BEST MOMENTS

"The average beach hut in the UK now costs close to £46,000. Although it's worth noting that this average figure hides an exceptional range in prices across the UK."

"Beach hut prices have skyrocketed in recent years. In the last year, between March 23 and March 24, average prices increased by 7.9%."

"Perhaps you prefer the markets as your investment of choice. Well, the FTSE rose by 1.5% between 22 and 23, and a healthier 4.2% between 23 and 24. But that's still not a patch on beach hut growth."

"Robert Karizaki classes assets simply as ones which put money into your pocket. And if they cost you money, well, that's a liability."

"So are we going to see throngs of people buying up beach huts in the same way investors purchase London apartments, only to leave them vacant? I think this is unlikely." 

HOST BIO

My name is Natalie Young. I bought a beach hut to bring joy into my life after escaping an abusive relationship and a difficult divorce.  Based in Christchurch, Dorset, my beach hut is affectionally called the Salty Seagull and is located on Friars Cliff beach with sea views to the Needles on the Isle of White. It is my slice of heaven. 

Owning and hiring a beach hut is more complicated than I realised and I am on a constant mission to discover the best ways to manage and care for your hut. I have researched the pros and cons of renting and the best ways to market and host.

The beach, the sights and the sounds of the sea bring me huge joy. I hope this podcast will bring you smiles, laughter and joy too!

https://www.facebook.com/profile.php?id=61559730024536&sk=about

https://www.linkedin.com/company/103555627/admin/feed/posts/?feedType=following