With Summer right around the corner, beach hut buying and selling is sure to rocket especially on the South Coast.
With offices in Christchurch and Ringwood, we’re only ever a stone’s throw away from a beach and, by extension, a beach hut. In fact, earlier in 2024, a beach hut went on sale for a whopping £480,000 right on our doorstep at Mudeford Beach.
But are beach huts a good investment? And what’s involved in buying or selling one? Commercial Property Expert Richard Ramshaw outlines everything you need to know in this article.
Why are beach huts so popular?
Well, they can be a great way to spend time with family and friends right on the beach front. Not only that, but they can also provide rental income too.
With beach huts being so popular, and lots of people looking to buy or sell, we thought it would be a good idea to answer some common questions.
Richard Ramshaw answers your questions on buying and selling a beach hut.
How much is a beach hut in the UK?
It can vary widely! We have recently acted on sales at £45,000 and £20,000 but it’s not uncommon for beach huts on the exclusive Mudeford Sandbank in Dorset to go for £350,000 and above!
Is buying a beach hut a good investment?
Generally, beach huts hold their value in the early years of the lease duration but not towards the end. There is no automatic right to extend the lease period or to buy a further lease.
This will have to be negotiated with the landowner (usually the local Council) and paid for at the market rate at the time assuming the landowner does not want the site back.
Do you pay rates on beach huts?
Possibly Stamp Duty Land Tax, Land Registry fees and notice fees with the landowner.
Read more about stamp duty, how it works and how to get relief here.
If the lease period is over 7 years then it must be registered at the Land Registry. Any subsequent sale of the lease will also need to be registered at the Land Registry.
Notice of the transfer will also need to be served on the landowner and their fees paid.
In the full article, Richard Ramshaw looks at the problems that can arise when buying or selling a beach hut and provides advice for those looking to invest. Read it here.