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UK beach hut prices soar 40% to over £36,000

Photo taken in Southwold, United Kingdom
"Demand for beach huts is pushing up prices as holidaymakers invest in their own piece of beach hut bricks and mortar," said Hoo co-founder, Adrian Murdock. Photo: Getty Images (Yvette Barnett / EyeEm via Getty Images)

Brits will have to pay more than £36,000 ($50,177) to buy a beach hut in the UK, a rise of 41% compared to last year, new data shows.

Hotel booking platform Hoo said a beach hut costs £36,034 on average, and in some areas it could be considerably more, with three beach huts in Mudeford sold subject to contract at an asking price of £325,000.

"The prospect of another summer of staycations has seen beach hut sale prices soar," the Hoo report said.

This comes as it is still unclear when international travel will open up in the UK. It is possible this happens around 17 May, as per the government's roadmap to ease lockdown restrictions.

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Watch: Am I wasting my money by renting?

"Demand for beach huts is pushing up prices as holidaymakers invest in their own piece of beach hut bricks and mortar," said Hoo co-founder, Adrian Murdock.

"A 41% uplift in the last year alone is pretty considerable although as with any property investment, location is key when it comes to both the price achieved and the property’s rental potential."

Hut rental prices, on the other hand, are down about 4% thanks to lockdown restrictions amid the pandemic. The average daily rate of renting a beach hut sits at £52.

Chart: Hoo
Chart: Hoo

The cheapest huts can be found in Bournemouth where the average daily rate is £26 per day, with neighbouring Sandbanks (£28) and Southwold in Suffolk (£28) also coming in at the lower end.

Renting a hut in Whitstable in Kent is slightly less affordable at £50 per day, while Mudeford in Dorset tops the list as the most expensive beach hut rental spot at £130 per day.

But renting a beach hut in Mudeford for a month would cost £3,639, which is more expensive than the average rent in Kensington and Chelsea (£2,977).

READ MORE: UK second homes surge to record high of 495,000

In comparison, the average daily rate of a hotel is £64 and in London this climbs to £113.

With a great deal of uncertainty remaining around what we can and can’t do this summer, there has been an understandable wobble in the cost of renting a beach hut," said Murdock.

“That said, beach hut rental prices remain robust and with another summer of staycations on the cards, they’re likely to climb considerably over the coming months.”

Watch: How much money do I need to buy a house?