Top average temperature:
If you’re looking for hot, hot, hot, Felixstowe could be your best bet. You’ll have extremely happy guests/residents and an even happier business bank account. Who needs a holiday abroad when you have these temperatures at home?
Lowest average rainfall:
No one likes a soggy beach! Weymouth could be a great option if you’re hoping to avoid the wellies and raincoats. The dryer weather could mean you add al fresco dining options and balconies to your property, which could lead to higher financial rewards.
Cheapest average property price:
If you don't want to break the bank with a seaside investment, Newbiggin-by-the-Sea could be a fantastic option. Since the beach redevelopment in 2007, this town has only seen positive growth and could be your perfect chance to own a second home by the sea.
Highest annual property revenue:
Southwold could see you reaping the highest rental revenue on a property. Your property will cost you on average £540,511, but with an annual return of £115,689, you could have this back in just over four years.
Highest daily property rate:
If you’re looking to invest with the aim of opening a B&B or hotel, then Southwold is a no-brainer. While the cost of a property is higher, the daily rate would mean you see the financial benefits in no time.
“When buying insurance for a second home, it’s important to make your insurance provider aware of when the property will be occupied and that it’s not your main residence. If your home is unoccupied for large parts of the year, your insurance provider may charge a higher premium, add special conditions to your policy or refuse cover altogether. There’s no one-size-fits-all answer and it’s important that you choose the policy which suits your situation and how you use your home. Be assured there are providers out there who will be happy to insure your home away from home.”
Chris King, Head of Home Insurance