The two-up, two-down seaside semi that's going for £1million

Demand for shoreline properties is fuelling prices to surge, with some waterside houses commanding up to £5 million.

Such is their popularity, a two-bedroom semi with views across a golden beach, is now on the market for £1 million.

The sale is part of a multi-million-pound bonanza going on for homes in the West Country.

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Big business: The two-bedroom coastal property on sale for £1 million in St Ives

One agent said: "Waterside houses are big business.

"These are houses which have been valued at £3 million to £5 million and they are being snapped up.

"The top end of the market is bucking the rest of the stagnant trend."

Some of the prospective buyers are Russians with millions of rubles to spend on British property.

The £1 million house crammed into a terrace is in St Ives in west Cornwall.

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Spectacular location: Stunning views from the 13-foot-wide balcony

A balcony overlooks Porthmeor beach and has its own private entrance on to the sands.

The two-bedroom house has a 13-foot-wide balcony with stunning views over St Ives Bay.

Estate agents Lillicrap Chilcott says: "Set directly beside the golden sands of Porthmeor beach, an absolutely remarkable, rare and very special opportunity to acquire a spectacularly located two-bedroomed beachside house.

"Commanding awesome, totally unobstructed front lien views over the beach, sea and surrounding coastline - utterly mesmerising.

"Rare assets include separate undercover parking and large garage with direct access on to the beach - a very rare combination in such a hugely coveted location close to the centre of this harbourside town."

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Creature comforts: The kitchen inside the 'remarkable' Cornwall home

Estate agent associate Rebecca Chaney, who lives in the town herself, said: "It is the most amazing location looking out across the beach.

"With your own private balcony you really would have a million pound view."

The house next door in Old Pressing Yard has already been sold for a six-figure sum - £250,000 above its original asking price.