Lily Allen is set to splash out £300,000 on a holiday home.

The 'Not Fair' singer - who already owns an apartment in London - has been house-hunting in the quiet English town of Ilfracombe, Devon, which she wants to use as a getaway from her hectic life in the capital.

A source said: "Lily loves London but would like a bolt hole to escape to. Kate Moss, Liz Hurley and Pete Doherty all have pads in the Cotswolds, but she hit on Devon. Ilfracombe is surprisingly up and coming, plus it's on the coastline and very picturesque. Lily has looked at a gorgeous beachside property for around £300,000."

Lily is no stranger to splashing the cash on her home comforts.

Last year, the pop star spent £8,000 on a revolving bar for her London flat.

A source said: "Lily thought the bar was a great idea. It has been a hit with her friends."

The 24-year-old singer recently revealed she has been collecting furniture for her home for seven years.

She said: "For years I've had a lock-up storage facility, so I have been collecting for my home. I have got French farmhouse tables, 70s plastic chairs, grandfather clocks.

"I have been collecting since I was 15. My therapist has a few things to say about that!"