Sandbanks crowned most expensive seaside spot
- New data from Rightmove shows that Sandbanks in Poole, Dorset is the most expensive coastal area in Great Britain, with an average asking price of £1,282,565
- Canford Cliffs in Poole is second, with an average asking price of £974,635, and Milford-on-Sea in Hampshire is third (£728,460)
- Sandbanks is now the only seaside spot above £1million:
- Across the top 50 most expensive coastal areas, average asking prices are down by 1%, while buyer demand is up by 8%
- Saltcoats in Ayrshire, Scotland is the cheapest coastal area with an average asking price of £122,208, and prices have also risen fastest in this area compared with last year (+13%)
New analysis from the UK’s biggest property platform Rightmove, reveals that Sandbanks in Poole, Dorset is the most expensive coastal area in Great Britain, with an average asking price of £1,282,565.
Canford Cliffs in Poole is the second most expensive coastal area, with an average asking price of £974,635, and Milford-on-Sea in Hampshire is third (£728,460).
The average asking price for a home in Sandbanks is over three times more expensive than the national average (£378,240).
Sandbanks is now the only coastal area in Great Britain with average asking prices above the £1million mark.
Across the top 50 most expensive coastal areas, average asking prices have dropped by 1%, while buyer demand has risen by 8% compared to last year
Top 10 most expensive seaside spots in Great Britain
- Sandbanks, Poole – £1,282,565 (-3% YoY)
- Canford Cliffs, Poole – £974,635 (-9% YoY)
- Milford-on-Sea, Hampshire – £728,460 (+1% YoY)
- Lymington, Hampshire – £639,316 (-2% YoY)
- Budleigh Salterton, Devon – £535,761 (0% YoY)
- St. Ives, Cornwall – £507,139 (-2% YoY)
- Dartmouth, Devon – £500,006 (+4% YoY)
- Sidmouth, Devon – £494,811 (-5% YoY)
- Whitstable, Kent – £469,586 (-2% YoY)
- Hythe, Kent – £466,898 (0% YoY)
By contrast, Saltcoats in Ayrshire, Scotland is the cheapest coastal area, with an average asking price of £122,208. Peterlee in County Durham is a close second (£122,246), and Ashington in Northumberland is third (£135,050).
Saltcoats is also the price growth hotspot, with average asking prices in the area up by 13% compared to last year.
Saltcoats offers a location by the sea, with an average asking price of over £250,000 below the national average (£378,240).
Top 10 most affordable seaside spots in Great Britain
- Saltcoats, Ayrshire – £122,208 (+13% YoY)
- Peterlee, County Durham – £122,246 (+6% YoY)
- Ashington, Northumberland – £135,050 (+4% YoY)
- Bootle, Merseyside – £135,208 (+3% YoY)
- Grimsby, Lincolnshire – £142,072 (0% YoY)
- Blackpool, Lancashire – £142,804 (0% YoY)
- Fleetwood, Lancashire – £148,101 (+1% YoY)
- Birkenhead, Merseyside – £149,527 (+2% YoY)
- Blyth, Northumberland – £153,487 (+1% YoY)
- Workington, Cumbria – £158,956 (0% YoY)
Colleen Babcock, property expert at Rightmove adds, “Sandbanks now stands out as the only seaside spot with an average asking price of over the million-pound mark.
By contrast, lower-priced seaside spots like Saltcoats and Peterlee offer home-movers a sea view at a fraction of the price, with average asking prices over a quarter of a million pounds below the national average.”
You May Also Enjoy
Rightmove launches Extension Explorer experiment
Golden Age of UK property investment is over
FMB Supports Construction Leadership Council’s Health and Wellbeing Strategy
20% Property Premium to Live Beside Britain’s Best Beaches
Houseboats hand London homebuyers 57% saving
