UK’s most expensive places to live by the sea revealed


You must really like to be beside the seaside to buy a home in one of the towns on this list.

The most expensive places to live by the sea in the UK have been revealed in a new report by bank Halifax – and top of the pile is the  sun-soaked millionaires’ playground of Sandbanks.

The Dorset peninsula tops the rankings for the second year in a row, with average house prices standing at £664,051, according to a new study. 

Nine out of 10 of the most expensive places to live by the sea are on the south coast of England

Nine out of 10 of the most expensive places to live by the sea are on the south coast of England

Nine out of 10 of the most expensive places to live by the sea are on the south coast of England

The eye-watering typical price tag is almost three times that of an average home in a seaside town across the UK, which is currently £226,919. 

The national average for seaside towns has risen by a quarter over the past decade, up from £181,060 in 2007 – and the equivalent of an increasing by £382 every single month.

Second on the list is Salcombe in South Devon with average values of £617,743 followed by Aldeburgh in East Anglia at £526,689, the data compiled by Halifax found.

There is a marked north-south divide in property values in seaside towns, with nine out of 10 of the most expensive places to live being on the south coast.

Outside of southern England, the most expensive seaside areas are the Scottish towns of North Berwick at £314,435 and St Andrews at £300,319, as well as The Mumbles in South Wales at £284,804.  

The millionaires' playground of Sandbanks is a small peninsula crossing the mouth of Poole Harbour  in Dorset

The millionaires' playground of Sandbanks is a small peninsula crossing the mouth of Poole Harbour  in Dorset

The millionaires’ playground of Sandbanks is a small peninsula crossing the mouth of Poole Harbour in Dorset

Many of the older houses on Sandbanks have been replaced with expensive modern buildings

Many of the older houses on Sandbanks have been replaced with expensive modern buildings

Many of the older houses on Sandbanks have been replaced with expensive modern buildings

Residents in the exclusive area of Sandbanks can enjoy sea views from their properties, such as this one listed for sale on Zoopla.

Residents in the exclusive area of Sandbanks can enjoy sea views from their properties, such as this one listed for sale on Zoopla.

Residents in the exclusive area of Sandbanks can enjoy sea views from their properties, such as this one listed for sale on Zoopla.

Scotland is also where the biggest growth in coastal house price have been seen.

In Fraserburgh in Aberdeenshire, values have risen 95 per cent from £70,255 in 2006 to £136,889 in 2016.

It is followed by Lerwick in the Shetlands at 77 per cent, Shoreham-by-Sea on the South East coast at 70 per cent and Aldeburgh in East Anglia at 67 per cent.

At the same time, Scotland is also home to some of the least expensive seaside towns.

It includes Port Bannatyne on the Isle of Bute, which is the least expensive seaside town, according to the Halifax data.

It is followed by Newbiggin-by-the-Sea in Northumberland, which is the least expensive seaside town in England, with an average house price of £75,779.

Eight out of 10 of the least expensive towns are in Western Scotland, including Campbeltown at £80,737, Girvan at £85,082 and Millport at £86,392. 

The research found that 12 seaside towns in total have an average price of less than £100,000.

Port Bannatyne on the Isle of Bute in Scotland is the least expensive seaside town

Port Bannatyne on the Isle of Bute in Scotland is the least expensive seaside town

Port Bannatyne on the Isle of Bute in Scotland is the least expensive seaside town

THE LEAST EXPENSIVE SEASIDE TOWNS
Seaside Town Region Average House Price 2017 (£)
Port Bannatyne Scotland 71,550
Newbiggin-by-the-Sea North 75,779
Campbeltown Scotland 80,737
Girvan Scotland 85,082
Millport Scotland 86,392
Saltcoats Scotland 87,881
Rothesay Scotland 90,284
Irvine Scotland 94,070
Wick Scotland 94,623
Ardrossan Scotland 94,823
Source: Halifax     
Newbiggin-by-the-Sea in Northumberland is among the least expensive seaside towns

Newbiggin-by-the-Sea in Northumberland is among the least expensive seaside towns

Newbiggin-by-the-Sea in Northumberland is among the least expensive seaside towns

Martin Ellis, Halifax’s housing economist, said: ‘Seaside towns are extremely popular places to live, offering sought-after views and desirable weather.

Being by the sea side does come at a price – with the marked increase in house prices reflecting the demand for rooms with a ‘sea’ view.

‘Over the past decade, house prices in the South East, especially coastal towns within commutable distance to London, have shown strong growth and have become Britain’s most expensive seaside towns.

‘However, the strongest performing coastal towns in terms of growth have been in north of the border in Scotland, where property prices on the Aberdeenshire coastline have been helped by the oil industry more than the sunshine.’

SEASIDE TOWNS: 20 BIGGEST HOUSE PRICE INCREASES 2007 – 2017
Seaside Town Region Average House Price (£) 2006/ 2007  Average House Price (£) 2016/2017  10 Yr % change
Fraserburgh Scotland 70,255 136,889 95%
Lerwick Scotland 90,608 160,689 77%
Shoreham By Sea South East 218,825 373,056 70%
Aldeburgh East Anglia 315,641 526,689 67%
Inverbervie Scotland 124,823 201,837 62%
Whitstable South East 217,994 347,680 59%
Brighton South East 235,734 374,622 59%
Leigh On Sea South East 220,061 337,503 53%
Macduff Scotland 85,461 130,804 53%
Sandwich South East 221,915 334,177 51%
Hythe South East 232,274 349,110 50%
Banff Scotland 81,106 119,937 48%
Newhaven South East 166,006 244,635 47%
Brancester East Anglia 216,719 316,254 46%
East Wittering South East 264,345 384,434 45%
Montrose Scotland 87,619 127,182 45%
Buckie Scotland 84,222 121,862 45%
Herne Bay South East 187,014 269,601 44%
Newtonhill Scotland 150,751 217,218 44%
Southend On Sea South East 178,193 255,337 43%
All Seaside Towns GB 181,060 226,916 25%
Source: Halifax         



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