Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Wales Online
Wales Online
National
Holly Williams, PA Deputy City Editor & Debra Hunter

Oh, we do love to be beside the seaside - property prices for homes on the coast soar by £22,000

The average price of a home by the sea in Britain has jumped by more than £22,000 in two years. The boom was boosted by the switch to home working during the pandemic, according to a report.

Lending giant Halifax said the average value of a British seaside property rose to £287,087 last year, up 8% or £22,082 from 2020. Sandbanks in Dorset was the most expensive seaside town, with average prices surging 10% year-on-year to £929,187, an analysis of Land Registry house price data showed.

It was followed by Salcombe in Devon, down from pole position in 2020, with a typical property costing £912,599. South-west England dominated the rankings.

Last year’s price gains mean properties by the sea have soared by 50% or £95,599 over the past decade, with a 27% leap in the past five years. Many Britons have looked to buy in more remote locations and move away from cities in the past two years as the pandemic saw a shift towards working from home.

Russell Galley, managing director of Halifax, said: “Our ongoing love affair with living by the sea shows few signs of abating. Homes on the coast have long attracted a premium price, and this was no different in 2021, with the move towards working from home being an ongoing influence on where people choose to live.

“Whether it’s a lifestyle sought, the scenery or the sea air, when it comes to buying homes, we really do love to be beside the seaside.”

Millport, on the Isle of Cumbrae in Ayrshire, Scotland – the study’s least expensive seaside town in 2020 – has seen the biggest increase in average prices of any coastal town over the past year, up by more than half (53%) from £74,148 to £113,292.

Scotland dominates the list of Britain’s cheapest seaside towns, with Campbeltown in Argyll and Bute offering the most affordable properties at an average of just £91,201.

Over the past decade, Margate in Kent has seen the biggest average price rise of any seaside town, with prices jumping by 98% or £139,814, from £142,920 to £282,734.

Here are Britain’s most expensive seaside towns according to Halifax, with the average house price:

1. Sandbanks, Dorset, South West, £929,187

2. Salcombe, Devon, South West, £912,599

3. Padstow, Cornwall, South West, £588,090

4. Lymington, Hampshire, South West, £565,790

5. Aldeburgh, Suffolk, East Anglia, £515,444

6. Fowey, Cornwall, South West, £491,042

7. Dartmouth, Devon, South West, £485,760

8. Lyme Regis, Dorset, South West, £473,861

9. East Wittering, West Sussex, South East, £472,364

10. Kingsbridge, Devon, South West, £464,858

Here are Britain’s least expensive seaside towns according to Halifax, with the average house price:

1. Campbeltown, Argyll and Bute, Scotland, £91,201

2. Girvan, South Ayrshire, Scotland, £101,676

3. Greenock, Inverclyde, Scotland, £103,496

4. Ardrossan, North Ayrshire, Scotland, £104,990

5. Saltcoats, North Ayrshire, Scotland, £105,505

6. Wick, Highland, Scotland, £105,686

7. Newbiggin-by-the-Sea, Northumberland, North, £108,957

8. Port Bannatyne, Isle of Bute, Firth of Clyde, Scotland, £111,717

9. Irvine, North Ayrshire, Scotland, £111,742

10. Millport, North Ayrshire, Scotland, £113,292

For more stories from where you live, visit InYourArea.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.