PROPERTY PLUNGE
Exotic English seaside town with ‘best beach bar in the world’ sees house prices PLUMMET by £13,000 in huge boost
This town has hosted some of the biggest names in music
ONE town with a world-famous bar has just become more affordable for those in the market for property.
Perranporth in Cornwall is an idyllic seaside town, but is experiencing a drop in property prices.
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Located in the north of the coastal county, house prices have dropped an average £13,000.
Along with Padstow, which has seen average house prices drop by around £10,000, Perranporth has had a slump in property value because of the steep cost of home ownership leading to a downturn in the market, according to research by bungalow provider
Perranporth is a popular tourism spot with a range of activities on offer, including surf schools, snorkelling and rolling dunes, perfect for hikes to take in the scenery.
The town boasts three miles of golden, sandy beaches which dogs are allowed on all year round.
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One of Perranporth's most popular attractions is the The Watering Hole, which claims to be one of the oldest beach bars in the U.K.
The bar which opened in 1978 has tables right on the sand and has played host to some amazing live music including big names such as, Sam Ryder, Busted, Jess Glynne and Kaiser Chiefs.
Last month, The Watering Hole revealed the plans for a chic, new rooftop terrace.
The new plans were given the go-ahead back in 2022, with works only starting last November.
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Images reveal a roof terrace with a bar and cafe as well as seating.
New toilet blocks and showers as well as groundwork to protect it from storm are part of the revamp too.
Cosy cottage in the heart of Cornwall
The renovations hope to be completed this month.
The bar said in a statement on Facebook said: "Exciting times ahead for the future.
"As we near the end of the busy period we get ready to start our next development stage to our rooftop bar, the building will start again early November and we will remain open, we are planning to have the new bar open in May for you all."
The bar also hosts music festival Tunes in the Dunes every year, claiming to be the only live music bar on the beach.
Along with great bars and activities, Perranporth also hosts some fascinating history.
There is a legend that says, the patron saint of Cornwall, St Piran, was cast into the sea from Ireland by being tied to a millstone and washed up in the town.
Top ten most affordable places in England and Wales
THE affordability ratio is the average number of years of salary needed to buy a house.
A lower figure means the area is more affordable.
Here are the top ten most affordable places in England and Wales:
1. Blaenau Gwent (Wales): affordability ratio 3.75 - £130,000 average house price - £34,635 average wage
2. Burnley (NW England): 3.86 - £116,500 - £30,216
3. Blackpool (NW England): 3.92 - £133,000 - £33,918
4. Blackburn with Darwen (NW England): 4.06 - £143,500 - £35,310
5. Hull (Yorkshire/Humber): 4.09 - £135,000 - £33,024
6. County Durham (NE England): 4.14 - £130,000 - £31,365
7. Neath Port Talbot (Wales): 4.17 - £155,000 - £37,130
8. Sunderland (NE England): 4.25 - £140,000 - £32,923
9. Hartlepool (NE England): 4.25 - £140,000 - £32,947
10. Hyndburn (NW England): 4.29 - £130,000 - £30,272
St Piran built a Christian oratory in the dunes whose ruins from the 6th century are still preserved there to this day.
He is credited with discovering tin, which would become the backbone of Cornwall's industry and people make a pilgrimage to the town on March 5 to commemorate the saint.
Surfers from all over the world also make the pilgrimage to Perranporth, which is known for its famous waves and is where the first UK surfboards were created.
After World War I, soldiers returned home with stories of surfers they'd met on their travels.
These yarns then inspired Perranporth’s local undertaker and builder, Tom Tremewan, who designed and made the first bellyboards and surfboards, which he made out of coffin lids.
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