In an extraordinary property deal that has stunned the real estate world, a modest-sized garden overlooking one of Britain's most picturesque beaches has sold for an eye-watering £1.1 million, setting a new record for the country's most expensive outdoor space.
Location, Location, Location
The 60ft by 40ft plot, situated in the exclusive seaside town of Salcombe, Devon, offers breathtaking views of the estuary and direct access to the sandy shores below. Despite containing no house and requiring significant investment to build, the garden attracted intense interest from wealthy buyers desperate to secure a slice of this coveted coastline.
Local estate agents confirmed the sale smashed all expectations, with the final price far exceeding the original guide price. "This transaction demonstrates the incredible premium attached to properties in Salcombe," explained a property expert familiar with the deal. "Buyers are willing to pay extraordinary sums for even the smallest plots in this location."
The Allure of Coastal Living
Salcombe has long been a magnet for affluent second-home owners and retirees drawn to its sheltered waters, sailing opportunities, and stunning natural beauty. The South Devon town consistently ranks among the most expensive places to purchase property outside of London, with average house prices regularly exceeding £1 million.
"What we're seeing is unprecedented demand for coastal properties," noted a local property analyst. "The pandemic has accelerated the trend of buyers seeking homes in beautiful natural settings, and Salcombe represents the pinnacle of this desire."
Investment Potential
The new owner faces substantial additional costs to construct a home on the plot, with building expenses in the area likely to add several hundred thousand pounds to the total investment. However, property experts suggest the finished residence could be worth significantly more than the combined land and construction costs.
"For the right buyer, this represents a unique opportunity to create their dream home in one of the most sought-after locations in the country," the estate agent added. "The finished property could easily be valued at £2-3 million once completed."
The record-breaking sale highlights the continuing strength of the premium property market in Britain's most desirable coastal locations, where limited supply and high demand continue to push prices to astonishing new heights.
