EXCLUSIVE Our beach hut goldmines: Owners of quaint seafront shacks across the UK blame rich tourists for rocketing prices - as tiny wooden sheds sell for £450,000 (after being bought by families for £50 just 25 years ago) The average cost of a UK beach hut in a good condition is around £39,382 - but they can go for £450,000 MailOnline spoke to owners at huts which have been in the family since the 1930s - and bought for £100 By Shannon Mcguigan and Isaac Crowson Published: 04:54 EDT, 12 August 2024 | Updated: 05:07 EDT, 12 August 2024 e-mail View comments Advertisement Much like Mr Whippy, penny arcades and sandcastles, beach huts have become synonymous with a summer seaside getaway in Britain. They began to emerge on the coast dotted around the country in the mid 18th century, originally used to store clothes and beachside equipment. But in recent years owners have found their humble investments on the coast have multiplied by an astonishing 1,400 per cent.
Families are now sitting on property 'goldmines' which have shot up in value from £50 to £70,000 - with some in the South going on the market for up to £450,000. And they are also able to earn a tidy second income by renting them out to tourists for £85 a day - or up to £2,000 a week in some places. From Whitstable to Bournemouth and Brighton , MailOnline spoke to the lucky owners sitting on property goldmines and found out what they were bought for just 25 years ago - but why some families are less than impres.