Sandbanks in Poole, Dorset, has been named Britain’s most expensive seaside town for the third year running.
The annual Halifax Seaside Town Review, which tracks house price changes in 193 seaside towns across Britain, reports that the average price for a home in this seaside neighbourhood is now £626,553.
It is followed by Salcombe in South Devon (£577,591) and Aldeburgh in Suffolk (£535,872). However, both Sandbanks and Salcombe are the only seaside towns in Halifax’s top10 to have seen a dip in average house prices over the past year by £37,494 and £52,702 respectively.
Over the past decade, the average house price in Britain’s seaside towns has risen by 21%, from £193,859 in 2008 to 234,654 in 2018, with an average increase of £4,000.
Most of the top 20 seaside towns with the biggest house price growth over the past 10 years are in the South East. Average house prices in Burnham on Crouch in Essex (£330,684) and Whitstable in Kent (£368,563) have both increased by 57% since 2008. Aldeburgh has also seen house prices shoot up over this period (56%).
The only other seaside towns in the top 20 outside the South East are Lerwick, in Shetland (45%), Campbeltown in Argyll and Bute (39%) and Cromer, in Norfolk (36%).
Researchers also used data from the Office for National Statistics’ Personal Well-Being Survey to see how happy residents of seaside towns are. Aldeburgh tops the happiness table, followed by East Wittering and Budleigh Salterton in Devon.
But it seems that owning a home in one of Britain’s priciest seaside resorts doesn’t necessarily guarantee happiness. While seven seaside towns have an average house price below £100,000, their residents were some of the happiest.
Those living in England’s least expensive town, Newbiggin-by-the-Sea in Northumberland – where average house prices are £94,385 – scored 8.1 out of 10, followed by Wick in Caithness, Port Bannatyne on the Isle of Bute, and Dunoon in Argyll and Bute, with 7.8.
If you are looking for a cheap seaside home, then head for Scotland. Nine of the cheapest seaside towns are in Scotland with Millport, on the island of Great Cumbrae in the Firth of Clyde offering the cheapest seaside homes in the UK at £81,233 on average.
|Most Expensive Seaside Towns / Happiness / Sunshine|
|Seaside Town||Region||Average House Price 2018a (£)*||Happiness**||Sunshine hours/ week***|
|East Wittering||South East||414,005||7.9||33|
|Lyme Regis||South West||397,584||7.7||32|
|Budleigh Salterton||South West||396,034||7.8||31|
***Met Office average, 2009-2013