Waterside properties have always been high up on the property wish list. With picturesque views and a calming environment, there is a vast array of homes available – from traditional canal side cottages to contemporary townhouses and modern flats overlooking Milton Keynes lakes, rivers and canals.
Milton Keynes is famed for its man-made balancing lakes that are designed to provide open spaces for the town’s residents to enjoy in their free time and are cleverly engineered to prevent flooding. Lakes such as Furzton, Caldecotte and Willen provide beautiful waterfront homes for those longing for a stunning all-year-round view that brings an ever-evolving scene, with migratory wildlife and the changing of the seasons.
But what is the price you have to pay to enjoy this water life? Buyers and tenants are willing to pay a premium for a waterside property and prices can be between 20-50% more than countryside properties. They attract city-dwellers who need an escape from the hustle and bustle of a hectic, fast-paced working life. Milton Keynes creates the perfect balance of both urban and waterside living. You’re never too far away from civilisation and you can still enjoy those gorgeous sunrises over the water.
Let’s dive into the bonuses of waterside living a little deeper…
Boost your health
Living near water has added physical and mental health benefits, allowing for walking, cycling and relaxing with activities such as fishing and boating. Milton Keynes has various cycling and walking routes along its waterways such as the River Ouzel and the Grand Union Canal. Aside from building stamina and maintaining a healthy lifestyle through exercising, you also reduce the risk of developing various illnesses and help to improve your mental health with the release of endorphins.
If you’re concerned about pollution levels and their impact on your health, these tend to be lower by lakes and rivers as these areas are generally free from heavy traffic found in the more densely populated areas of town. By having a less polluted environment to live in, your general health can benefit from clearer airways, lower blood pressure and improved digestion.
Stimulate your mind
Do you work from home or work in a creative industry? If so, a waterfront property could be the ideal home to relocate to. Imagine having all that creative inspiration on your doorstep – just step outside into a watery scene and feel re-energised by your surroundings. A clear clean environment also helps for a clear mind, which benefits productivity.
In terms of investment and value for money, waterside homes are in short supply meaning it is highly likely that your property will always be in demand, making them a sound investment for the future. If you’re considering purchasing a second home in a desirable waterfront location, your property could also provide the opportunity for a holiday let investment.
What are the drawbacks to living in waterside homes?
Home insurance premiums
With all the benefits of owning a beautiful home by the water, there may be an increased risk of flooding. Elevated homes and gardens provide some protection against this, but it can have an impact on insurance premiums if the location is known to flood. Always read the fine print and check you have flood insurance, this is something you can find out more about here. You can also check the risk of flooding with the Environment Agency.
If you live in a waterside property with young children, it is advisable to invest in extra child-safety precautions such as securing the boundary of your property with sturdy fencing or gating. It is not only important for children to remain safe around water, but also for pets too. Any boundary fencing/gating will also help to keep pets safe within your property.
A price to pay
Despite the longer-term benefits on investing in these properties, it is inevitably more expensive to buy and rent these desirable properties. With high demand and short supply on the market, they can be difficult to get your hands on. Remember it’s all about location, location, location!
There are many benefits of living in waterfront homes, including personal benefits for your mind and soul. However, factors such as price, availability, safety and insurance should all be considered when deciding whether to invest in these properties.