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RANKED: The 10 most expensive seaside towns in the UK
Padstow, Cornwall, ranks among the top 10 most expensive seaside places to buy a home in the UK.
Halifax has just released the results of a survey on average house prices in British seaside towns.
The study found that in the past decade, average house prices in Britain’s seaside towns rose by 25%, from £181,060 in 2007 to £226,916 in 2017 – equivalent to an average monthly increase of £382.
Nine of the top 10 most expensive seaside towns are located on the southern coast of England.
Martin Ellis, Halifax housing economist, said: “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.”
Scroll down to see Britain’s 10 most expensive seaside towns, ranked in ascending order by the average price of a home.
10. Bigbury on Sea, Devon — £372,105.
Bigbury-on-Sea, a village in the South Hams district on the south coast of Devon, boasts a stunning sandy beach popular with families.
9. Shoreham by Sea, West Sussex — £373,056.
Average house prices in Shoreham have rocketed 70% over the past 10 years.
8. Brighton, East Sussex — £374,622.
The thriving seaside town of Brighton saw the seventh largest increase in the average cost of a home over the past decade (59%).
7. East Wittering, West Sussex — £384,434.
East Wittering is among the 20 seaside towns which witnessed the strongest growth in house prices. It saw the average cost of a home rise by 45% from £264,345 in 2007 to £384,434 in 2017.
6. Dartmouth, Devon — £391,775,
Dartmouth is home to the famed beaches of Blackpool Sands and Castle Cove.
5. Padstow, Cornwall — £422,916.
The picturesque Cornwall town of Padstow boasts a bustling harbour with a variety of cafes restaurants, craft shops, and pubs.
4. Lymington, Hampshire — £441,357.
The quaint Georgian coastal town of Lymington is perched on the southern edge of the New Forest district of Hampshire.
3. Aldeburgh, Suffolk — £526,689.
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.
2. Salcombe, Devon — £617,743.
With an average house price of £617,743, the South Devon town ranked the most expensive seaside town overall in 2015.
1. Sandbanks, Dorset — £664,051.
The exclusive seaside town of Sandbanks in Dorset held onto its reign as Britain’s most expensive seaside town for a second consecutive year.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
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