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163 Preparing for final exams TaSK 3 Read the text about real estate prices in Britain. Complete the sentences (1–8) using a maximum of four words. Write your answers in the spaces provided. The first one (0) has been done for you. Number 305 Mudeford Spit, near Christchurch in Dorset, is on the market for £200,000, just a touch above the average house price in Britain.  But number 305 is not a house. It is a beach hut. At £1,000 per sq ft, ‘Needleview’ is one of the most expensive pieces of property you can buy outside Mayfair. Especially when you consider that its lease only runs for a further 16 years. But then Mudeford Spit offers its residents excellent views in two directions. The first over golden sands, past rafts of sailing boats, to an aquamarine horizon and the Isle of Wight. Behind it, Christchurch Harbour offers a second watery perspective. “It is something to do with the British psyche,” says Needleview’s owner, Sarah Litchfield. “Being here by the water, you’ve got your castle as well, your own little spot,” she says. Listening to the laughter of children with fishing nets, and watching the stunts of sea gulls plunging into the sea, it is hard to disagree that we are indeed a nation of water-watchers. But are we also inclined to pay the earth, just to look at the sea?  ‘ View premium’: The property agency Knight Frank has actually put a price on the quality of a sea view. They compared the value of a waterside property with the value of the same property moved five miles inland. They found that properties in the south-west of England have the biggest uplift, with a water view premium of up to 66%. Properties in Scotland attract a premium of 29%, and in Wales it is 26%. But the most desirable, and therefore most expensive, view, they say, is not of the sea, but an estuary. Whereas estuary views command a premium of 82%, and harbour views 81%, a beach or coastal view is only worth an extra 47%. One such example is Toft Quay, on Devon’s River Dart estuary. The five-bedroom property comes complete with its own jetty and boat hoist. It is for sale for £2.25m. “Rivers are changing environments, and many people find them more interesting,” says Alasdair Pritchard of Knight Frank. However, having your own private beach changes the value again, he says. And there are places in Britain where you can still buy that, and more. To the lighthouse: But buyers can also find wilderness with a good sea view at much lower prices. Three cottages at Cantick Head lighthouse on the Orkney island of Hoy are for sale for £350,000. Only slightly more expensive is Fog House, the site of a former foghorn on the Welsh island of Anglesey. “As you drive over the mountain, you suddenly see the buildings right below you. The view is fantastic,” says Nick Withinshaw of estate agents Jackson Stops & Staff in Chester. “You are on the edge of a cliff, and on a clear day you can see Ireland.” He believes the ‘view premium’ is between 20% and 25% on the asking price of £475,000. In other words, the view alone costs around £100,000. Anything nautical: On Mudeford Spit, the beach hut Needleview has already had plenty of enquiries from potential buyers. Neil Chalmers, of Waterside Properties, believes it is worth its premium price. A similar hut went earlier this year for £176,000, and he rents them out for £750 a week. “At first I thought they were having a laugh,” he says. “But then it’s basically camping on the beach. You can surf, have a barbecue, and then you’ve got somewhere to sleep.” When I ask the vendor, Sarah Litchfield, if it really is worth £200,000 for just 16 years, she laughs, and says, “Where’s your soul?” Her reply may well reflect a uniquely British preoccupation with boats, the sea and a view of anything nautical. “It’s the watersports, the lifestyle. It’s happiness!” she declares. How much should you pay for a sea view? Nur zu Prüfzwecken – Eigentum des Verlags öbv