Sandbanks-retains-hot-spot-as-Britain’s-most-expensive-seaside-town

Making waves: Sandbanks retains hot spot as Britain’s most expensive seaside town

05.06.17

House prices in British seaside towns have increased, on average, by a quarter over the past decade, according to the latest Halifax Seaside Town Review.

During the last 10 years, the average house price in Britain’s seaside towns rose by 25% from £181,060 in 2007 to £226,916 in 2017 – the equivalent to an average increase of £382 per month.

However, there is a marked north-south divide in property values in seaside towns, with nine out of 10 of the most expensive seaside towns on the southern coast of England.

Sandbanks in Poole remains Britain’s most expensive seaside town for the second consecutive year, where the average price of a home is £664,051, followed by Salcombe in South Devon (£617,743) and Aldeburgh in East Anglia (£526,689). Salcombe was the most expensive seaside town in 2015.

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

Scottish seaside towns see largest growth in prices

 Scottish seaside towns have seen the greatest average house price growth in the last 10 years, with the average price in Fraserburgh in Aberdeenshire almost doubling (95%) from £70,255 in 2006 to £136,889 in 2016, followed by Lerwick in the Shetlands (77%). Shoreham by Sea on the South East coast (70%) and Aldeburgh in East Anglia (67%) saw the next largest rises.

Average house prices in Aldeburgh, East Anglia increased by the greatest value from £315,641 in 2007 to £526,689 in 2017 – £211,048 or £1,759 a month, followed by Sandbanks (£162,852 or £1,357 a month).

Least expensive seaside towns in Scotland and the North

Nine out of the 10 least expensive seaside towns are in Scotland; Port Bannatyne on the Isle of Bute is the least expensive seaside town in this survey, with an average price of £71,550. This is almost £600,000 lower than in Sandbanks – Britain’s most expensive seaside town.

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