The new development in Eastrea will feature a mix of two, three and four-bedroom bungalows and houses.

The deal faced multiple hurdles, including a 12-month completion period and a developer stepping up from a £1.6m GDV single-unit to a multi-unit scheme.

In the UK, the average annual damage to business premises from coastal flooding alone exceeds £120m.

Allsop’s March residential auction catalogue features 236 lots across the UK.

Leaders Romans Group has become the third major estate agency to sign a new contract with Zoopla in the last month.

Rates start from 5.15%

The lender has also increased its First Time Landlord criteria of maximum loan from £350,000 to £500,000

The latest rate reductions follow similar cuts the lender made on its two-year fixed-rate products at the end of February.

Rents are growing fastest in more affordable cities like Blackburn, Stoke, and Rochdale according to Zoopla's latest data.

February also saw voids decreasing across all regions monitored by Goodlord.