Property prices in the UK aren’t cheap at an average of £250,000, especially if you’re looking to buy in the capital where this cost climbs to a huge £496,269.
Yes Homebuyers looked at where this money could be better spent and found six islands from Nova Scotia to Nicaragua, offering a chunk of island life spanning 0.3 to 12 acres and all for £340,000 or less.
Big Tancook Island, Nova Scotia – £48,947
Big Tancook Island is actually on the market as an island parcel, meaning you can purchase part of the island for a family compound, hotel or camp site. At 11.6 acres, it’s still the biggest and most affordable offering on the list and comes with 125 friendly year-round residents.
Danhattan and Majestic Island, USA – £226,393 to £236,455
If island life needs to come with a warmer climate, then Danhatten Island in Connecticut is the next most affordable option. For less than the value of a house in the UK, you can pick up half an acre of wooded private island, fit with a cabin that sleeps eight and it even comes with its own boat.
Similarly, Majestic Island located in the outstanding Beaver Dam Lake in Wisconsin also offers a relaxed pace of lakeside life. The off-grid but full functional cottage and the acres of private island it sits within could be yours for just £236,455.
Boca and Iguana Islands, Nicaragua – £251,548 to £341,387
OK, you’re paying out for a private island so you want to go for the full Castaway feel. For basically the same price as the average UK house (£251,548), Boca Island in Nicaragua is the most affordable way to live the dream.
The price has been dropped owing to some repair work being needed, but the island comes with a two bedroom guest house, a caretakers house, an infinity pool, a cement pier and that all important sandy white beach.
Increase your budget to £341,387, however, and you can double your private island potential with the five-acre Iguana Island. This awesome island includes a three-bed, two-bathroom house, wrap-around porch, dining room, bar and living area, as well as staff accommodation. There’s also a boardwalk that stretches around the island and a 28-foot watchtower.
Isla Carabana Sol, Panama – £289,640
For about £50,000 less than Iguana Island, Panama’s Isla Carabana could be an option. The island comes complete with a sailboat mooring, speed boat garage and a property with two ready to move in, self contained apartments.
The island also has serious party potential with a raised deck complete with BBQ, hot tub, tiki hut, private sandy beach and a private clear water swimming lagoon.
But to avoid feeling too cut off, the island also offers great wifi and phone signal and is located just a short boat ride from a number of great restaurants.