Earlier this week 57 Knipe Point Drive was a two-bedroom bungalow on a clifftop estate worth about £150,000. This morning the house is probably worth next to nothing, even though it boasts a new sea view extending for miles over the woodland and shingle of National Trust-owned Cayton Bay on the Yorkshire coast.

Diggers have demolished two bungalows that stood between number 57 and the cliff edge. The move prevented the houses following in the wake of their well-kept gardens and patios, which plunged 30 metres into the bay below, leaving the hamlet one of the most precarious in the UK. Dramatic landslips caused by unexplained water saturation in the cliff have claimed about seven metres of land at Knipe Point over the past month, and demolition has created a gap in the lines of bright white homes that were worth a total of around £9m.

Read the full story by Fay Schlesinger on the Guardian website