What's Happening?
A cottage located in Sidmouth, Devon, which has experienced part of its garden eroding due to a cliff fall, is set to be auctioned. The property, originally designed and built in the 1960s for the novelist RF Delderfield, features three bedrooms and two
bathrooms. It is being offered with a guide price of £250,000. Estate agents Bradleys have noted that the cliff fall occurred at the very far boundary of the garden, and a comprehensive cliff survey is included in the property's legal pack. This auction presents a unique opportunity for potential buyers, albeit with the inherent risks associated with the property's location on a cliff edge.
Why It's Important?
The auction of this cliff-edge cottage highlights the ongoing challenges faced by properties located in areas prone to natural erosion. As coastal erosion becomes a more pressing issue due to climate change, properties like this one may become increasingly common on the market. This situation underscores the importance of thorough geological assessments and the potential financial implications for homeowners and buyers in similar areas. The sale of this property could set a precedent for how such homes are valued and marketed in the future, potentially affecting real estate practices and insurance considerations in erosion-prone regions.
What's Next?
Prospective buyers will need to carefully consider the risks associated with purchasing a property on a cliff edge. The inclusion of a full cliff survey in the legal pack is crucial for understanding the extent of the erosion and any future risks. Depending on the outcome of the auction, there may be increased interest in similar properties, prompting further discussions on coastal management and property safety. Additionally, local authorities and environmental agencies might be prompted to review and possibly enhance regulations and support for properties affected by natural erosion.
