- Saltcoats in Ayrshire is the most affordable seaside location in Nice Britain with a mean asking value simply above £122,000
- Peterlee in County Durham and Ashington in Northumberland are additionally within the high 3 most cost-effective places – all providing coastal dwelling for lower than half the nationwide common home value on common
- Blackpool, with it’s well-known landmark Tower, can also be among the many high 10 areas with common asking costs beneath £160,000
- On the costly finish, properties in Sandbanks in Poole command greater than £1.2 million on common, with Canford Cliffs in Poole, and Milford-on-Sea in Hampshire, finishing the luxurious high 3 coastal trio
- Purchaser demand for seaside properties is up +8% in comparison with final 12 months, whereas costs throughout the highest 50 costliest coastal areas have dipped by 1%
As summer time arrives and we begin dreaming of lengthy seashore walks, fish and chips by the harbour, and waking as much as sea views, we’ve taken a take a look at the seaside spots the place the typical price of a house is effectively beneath the nationwide common home value.
10 most cost-effective seaside places
Main the cost for reasonably priced seaside dwelling is Saltcoats in Ayrshire, Scotland, the place the typical asking value is £122,208 – that’s over £250,000 beneath the nationwide common. This Scottish coastal city presents sandy seashores, beautiful sunsets over the Firth of Clyde and wonderful transport hyperlinks to Glasgow. In addition to being essentially the most reasonably priced space proper now, Saltcoats is experiencing the quickest value development of any coastal space, with the typical asking value up +13% in comparison with final 12 months.
Scorching on Saltcoats’ heels is Peterlee in County Durham, the place properties are additionally priced simply above £122,000. Ashington in Northumberland has the third most cost-effective asking value, at £135,000. The seaside resort of Blackpool, well-known for its iconic Tower and Pleasure Seaside, can also be within the high 10 checklist of most cost-effective seaside places for home-buyers.
Our property skilled, Colleen Babcock, says: “These lower-priced seaside spots supply home-movers a sea view at a fraction of the worth, with common asking costs over 1 / 4 of 1,000,000 kilos beneath the nationwide common.”
| Rank | Space | Common asking value | YOY value development |
|---|---|---|---|
| 1 | Saltcoats, Ayrshire | £122,208 | +13% |
| 2 | Peterlee, County Durham | £122,246 | +6% |
| 3 | Ashington, Northumberland | £135,050 | +4% |
| 4 | Bootle, Merseyside | £135,208 | +3% |
| 5 | Grimsby, Lincolnshire | £142,072 | +0% |
| 6 | Blackpool, Lancashire | £142,804 | +0% |
| 7 | Fleetwood, Lancashire | £148,101 | +1% |
| 8 | Birkenhead, Merseyside | £149,527 | +2% |
| 9 | Blyth. Northumberland | £153,487 | +1% |
| 10 | Workington, Cumbria | £158,956 | +0% |
10 costliest seaside places
Sandbanks in Poole, Dorset, has claimed the crown as Britain’s costliest seaside spot, with a mean asking value of £1,282,565. This stretch of coast has lengthy been coveted for its pristine seashores and beautiful properties, which vary from up to date seashore homes to grand waterfront estates. Sandbanks now stands alone as the one coastal space in Britain the place common asking costs exceed the million-pound mark.
Canford Cliffs, additionally in Poole, takes second place, whereas Milford-on-Sea in Hampshire rounds out the highest three. The common asking value in Sandbanks is greater than 10 instances increased than in Saltcoats, highlighting simply how assorted the coastal property market will be.
| Rank | Space | Common asking value | YOY change |
|---|---|---|---|
| 1 | Sandbanks, Poole | £1,282,565 | -3% |
| 2 | Canford Cliffs, Poole | £974,635 | -9% |
| 3 | Milford-on-Sea, Hampshire | £728,46 | +1% |
| 4 | Lymington, Hampshire | £639,316 | -2% |
| 5 | Budleigh Salterton, Devon | £535,761 | +0% |
| 6 | St. Ives, Cornwall | £507,139 | -2% |
| 7 | Dartmouth, Devon | £500,006 | +4% |
| 8 | Sidmouth, Devon | £494,811 | -5% |
| 9 | Whitstable, Kent | £469,586 | -2% |
| 10 | Hythe, Kent | £466,898 | +0% |
What are the coastal housing market developments proper now?
Purchaser demand for seaside properties has elevated by 8% in comparison with final 12 months, with extra folks seeking to make the transfer to coastal dwelling. Curiously, throughout the highest 50 costliest coastal areas, common asking costs have truly dropped by 1%.
The coastal property market presents a various vary of property sorts and value ranges – from reasonably priced starter properties with sea views to luxurious waterfront estates. With purchaser demand on the rise and a few areas displaying extra aggressive pricing, now could possibly be the time to discover what seaside dwelling may supply.
Prepared to start out your seek for the right coastal dwelling? Construct your personal shortlist of coastal properties with a My Rightmove account.
READ MORE: Why have home costs fallen this month?
