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LordHarris, https://en.wikipedia.org/wiki/User:LordHarris

Average house prices in British seaside towns increase by 25 per cent in the past decade – £382 a month. Sandbanks in Poole is Britain’s most expensive seaside town for the second year.

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

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 per cent) from £70,255 in 2006to £136,889 in 2016, followed by Lerwick in the Shetlands (77 per cent). Shoreham by Sea on the South East coast (70 per cent) and Aldeburgh in East Anglia (67 per cent) 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.

Newbiggin by the Sea in Northumberland follows and is the least expensive seaside town in England with an average house price of £75,779.

Eight of the 10 least expensive towns are in Western Scotland including Campbeltown (£80,737), Girvan (£85,082) and Millport (£86,392).

The research found that 12 seaside towns in total have an average price below £100,000. (See Table 3)

Martin Ellis, Halifax housing economist, said: “Seaside towns are extremely popular places to live, offering sought-after views and desirable weather.  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.  Over the past decade, house prices in the South East, especially coastal towns within commutable distance to London, have shown strong growth and have become Britain’s most expensive seaside towns. However, the strongest performing coastal towns in terms of growth have been in north of the border in Scotland, where property prices on the Aberdeenshire coastline have been helped by the oil industry more than the sunshine.”

Most Expensive Seaside Towns
Seaside Town Region Average House Price 2017 (£)
Sandbanks South West 664,051
Salcombe South West 617,743
Aldeburgh East Anglia 526,689
Lymington South East 441,357
Padstow South West 422,916
Dartmouth South West 391,775
East Wittering South East 384,434
Brighton South East 374,622
Shoreham By Sea South East 373,056
Bigbury on Sea South West 372,105
Source: Land Registry House Price Data 12 months to February 2017


Seaside Towns – 20 biggest house price increases 2007- 2017

Seaside Town Region Average House Price (£) 2006/ 2007b (£) Average House Price (£) 2016/2017 (£) 10 Yr  per cent change
Fraserburgh Scotland 70,255 136,889 95
Lerwick Scotland 90,608 160,689 77
Shoreham By Sea South East 218,825 373,056 70
Aldeburgh East Anglia 315,641 526,689 67
Inverbervie Scotland 124,823 201,837 62
Whitstable South East 217,994 347,680 59
Brighton South East 235,734 374,622 59
Leigh On Sea South East 220,061 337,503 53
Macduff Scotland 85,461 130,804 53
Sandwich South East 221,915 334,177 51
Hythe South East 232,274 349,110 50
Banff Scotland 81,106 119,937 48
Newhaven South East 166,006 244,635 47
Brancester East Anglia 216,719 316,254 46
East Wittering South East 264,345 384,434 45
Montrose Scotland 87,619 127,182 45
Buckie Scotland 84,222 121,862 45
Herne Bay South East 187,014 269,601 44
Newtonhill Scotland 150,751 217,218 44
Southend On Sea South East 178,193 255,337 43
All Seaside Towns GB   181,060 226,916 25



Table 3: Least Expensive Seaside Towns
Seaside Town Region Average House Price 2017  (£)
Port Bannatyne Scotland 71,550
Newbiggin by the Sea North 75,779
Campbeltown Scotland 80,737
Girvan Scotland 85,082
Millport Scotland 86,392
Saltcoats Scotland 87,881
Rothesay Scotland 90,284
Irvine Scotland 94,070
Wick Scotland 94,623
Ardrossan Scotland 94,823