Average cost of living in London is now less than in Salcombe , uk . In 2011 , property tops £ ##500 and waterfront value is even higher . Known as ' beach - on - sea , ' the area is known for its yachting and fishing .
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 .