A seaside house with only one coin worth value

In a location where you can see the North Sea, it seems that the house with 3 bedrooms, which was about 4.2 million yen more than 20 years ago, got worth only for one coin. It is not a simple house like a Totan House, a prefab cabin, but a proper house, is it also a problem?

Details are as below.In 1987, Jane Archer and her partner Chris Cutting paid £ 20,000 for the property. Today, it is worth rather less ... £ 19,999 less, to be precise.

Jane Archer in England and Chris Cutting thought about using the current house as a loan to purchase a new house as collateral, but in 1987 purchased for £ 20,000 (about 4.2 million yen) It seems that the house that I did is only worth 1 pound (about 210 yen).

This is the only house worth of one coin value.


Mr. Jane who holds a 1 pound coin.


The cause of the price decline is that the house that should have been 500 yards (about 460 meters) from the sea 20 years ago is now only 65 yards (about 60 meters) away, 80 feet (About 24 meters) cliffs are approaching.

Mr. Jane's house is approaching the sea by the coastal erosion.


Mr. Jane said, "It was shocking that the house became cheaper than bread, and in the inland area it would cost 180,000 pounds (about 38 million yen)," and said that with the people in the surrounding village I met with the Minister of the Environment together and told me that I wanted more expenses to prevent compensation and coastal erosion.