Sandbanks, the Dorset destination known for its waterfront mansions and views over Poole harbour, has topped a new list of Britain’s most expensive seaside towns.
A home in the coastal location now stands at more than £750,000, rising 26 per cent in the past 12 months and remaining comfortably above the second most expensive seaside town, Aldeburgh.
Over the last decade the average house price in Britain’s seaside towns has risen almost a third from an average £185,428 in 2009 to £239,138 in 2019, equating to an average increase of over £5,000 a year, according to the new data from Halifax.
|Seaside town||Region||House price|
|1. Sandbanks||South West||£785,426|
|2. Aldeburgh||East Anglia||£526,064|
|3. Lymington||South East||£502,253|
|4. Padstow||South West||£482,015|
|5. Dartmouth||South West||£449,685|
“The South East coast continues to be home to the most expensive seaside towns in the country, while many of the least expensive are in the north, particularly in Scotland,” said Halifax managing director Russell Galley.
He added: “Despite a clear north-south divide in property prices among seaside towns, the continuing price growth in many northern seaside towns over the years suggests the popularity of coastal living isn’t exclusive to the south.”
The South East has witnessed the largest growth in seaside town prices, accounting for the majority of the top 20 seaside towns with the biggest house price growth during the last 10 years.
Source: By Sebastian McCarthy