Most expensive beach property revealed with Salcombe at the top of the list

Britain’s most expensive seaside towns for homebuyers have been revealed, and those in the South West are at the top of the list as people reassess their jobs and lifestyles amid the pandemic.

Salcombe in Devon, with its pretty coastline of secluded coves and sandy beaches, is the most expensive seaside town with an average house price of £ 950,325.

That’s more than three times the average price of a property in a British seaside town, which is £ 265,978, according to data from Halifax.

Meanwhile, St Mawes in Cornwall has seen the biggest increase in average prices of any seaside town in the past year, jumping 48% – from £ 339,912 to £ 501,638.

New data from Halifax has revealed Britain’s most expensive beach towns

Sandbanks in Poole is the second most expensive seaside town with an average house price of £ 835,971.

It is known to have some of the most expensive and in-demand properties in the world, with many homes bought to be demolished and replaced with new buildings that make the most of every square inch of the plot.

Celebrities who live in the area include the former boss of Tottenham Hotspur, West Ham and QPR and I’m a celebrity winner Harry Redknapp.

The average price of a property in a UK seaside town is now £ 265,978, a jump of 10% or £ 24,055 over the past year.

Halifax data tracks house price movements in 191 seaside towns in Great Britain and is based on house price data from the Land Registry and the registers of Scotland.

Other areas that have seen prices rise in the past 12 months include Eyemouth and Port Bannatyne in Scotland.

Halifax reveals biggest annual house price increases in seaside towns across Britain

Sandbanks in Pool is the second most expensive beach town with an average house price of £ 835,971.

Scotland tops the list of Britain’s cheapest seaside towns – with Millport, on the Isle of Cumbrae, offering the most affordable properties at an average of just £ 74,148.

Over the past decade, the average house price in UK seaside towns has increased by 36% – or £ 71,046 – from an average of £ 194,932 in 2011 to £ 265,978 in 2021.

Padstow in Cornwall has seen the biggest average price hike of any seaside town over the past decade, jumping by over a quarter of a million pounds, from £ 351,458 to £ 616,368.

Padstow in Cornwall has seen the largest average price increase of any seaside town over the past decade

Russell Galley, from Halifax, said: “The housing market has undergone dramatic changes over the past year, brought on by the impact of the pandemic. But one thing that remains constant is the British love for the seaside.

“Properties in these towns have always been in high demand – with residents enjoying the scenic landscapes and coastal lifestyle – which means a premium price in the most desirable locations.

“As many people re-evaluate their work and lifestyle priorities, the South West has attracted those drawn to life by the water, with Salcombe, Sandbanks and Padstow being the top three resorts. most expensive in Britain.

“However, there are more affordable options for those looking to move further north, with many Scottish coastal towns offering excellent value for money.”

Biggest increases in house prices in UK seaside towns over the past decade revealed