Beach hut in Dorset is up for sale for an eye-watering £355,000
THIS beach hut is on sale for £355,000 — more than the cost of a four-bed house in some places.
And agents think prices for the wooden cabins, with no water or electricity, at Mudeford, Dorset, could go over £400,000 this year.
The increase in people taking staycations has sent values soaring.
Last year there was a bidding war over a hut that sold for £325,000.
Hut owner Stephen Bath said the high prices could be explained by the limited number available and secluded idyllic location.
He said: “There have only been about 10 huts added to the spit in 60 years.
“So it is a question of supply compared to Bournemouth where there are 1,500 huts and Brighton where there are 2,000.
“Obviously, the uncertainty over foreign travel will also help drive up prices with people growing fed up of government regulations.”
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The huts generally sleep up to six people and have a mezzanine level.
Last year there was a bidding war over a hut that sold for £325,000.
Buyers are attracted to the spit’s remote location as cars are banned.
Because it is not possible to secure a mortgage for the beach huts would-be owners have to be cash buyers
They also have to stump up about £4,500 a year to the local council in fees.