Average cost of property in London is now less than in Salcombe , Devon . In Salcombe , property tops £671,759 and waterfront value is even higher . The average price for a house in the UK has risen by more than 20 % since 2008 ( http://www.independent.co.uk/news/uk/home-prices/property-price-rise-uk-house-sales-growth-real-est@@
Average cost of property in London is now less than in Salcombe , Devon . In Salcombe , property tops £671,759 and waterfront value is even higher . Known as 'Chelsea-on-Sea , ' the area is famed for its yachting and sailing .