Mumbles in Wales is Britain’s top coastal price hotspot

  • A new study from Rightmove reveals Great Britain’s top coastal price hotspots, with Mumbles in Wales leading the way, followed by Camber in East Sussex and Fowey in Cornwall
  • Average asking prices in Mumbles have risen by 47% since 2015, which is a bigger five-year increase than any other coastal area in Great Britain
  • Sandbanks in Poole remains the most expensive coastal location, with average asking prices of almost £1.2 million
  • Seaford in East Sussex has seen the biggest annual increase in buyer searches of any place on the coast, with searches more than doubling (+104%) over the past 12 months

 

A new study from the UK’s biggest property website Rightmove has revealed that the scenic Welsh town of Mumbles is Britain’s top coastal price hotspot.

The quaint seaside town, nestled on the coast of Swansea Bay, has seen average asking prices rise by 47% since 2015, which is a bigger five-year increase than any coastal area in Britain.

Local agents report that the new seafront development Oyster Wharf, which boasts a variety of restaurants, coupled with outstanding beaches, has contributed to the rising prices.

The average asking price of a home in Mumbles is currently £344,832, which is £110,537 more expensive than five years ago.

This also means that asking prices in the Welsh town are over £22,000 more expensive than the national average of £322,025 and almost £130,000 more expensive than the Welsh average.

Next up on our list of coastal price hotspots is Camber in East Sussex, and Fowey in Cornwall, which have both seen average asking prices rise by 45% over the past five years.

Places in Wales and the south of England dominate our top ten, with Sandilands in Lincolnshire the only coastal location representing a more northerly region.

Our data analysts also found that Sandbanks in Poole – one of the most exclusive enclaves in the country – remains the most expensive coastal location in Britain, with average asking prices of almost £1.2 million.

Furthermore, Seaford in East Sussex has emerged as the coastal town that’s seen the biggest spike in interest over the past 12 months.

Buyer searches for the south coast town have more than doubled (+104%) since this time last year.

Teignmouth in Devon (+99%) and Shoreham-by-Sea (+96%) are two other coastal areas that have seen a sharp rise in popularity.

 

Rightmove’s Director of Property Data Tim Bannister said: “Relocating to a coastal area is a dream move for many home-hunters and it’s safe to say that lockdown has intensified that desire to live beside the sea for many people. Properties in seaside towns usually come at a premium, but what’s fascinating about this list of coastal price hotspots is that there’s a relatively wide range of price points. Mumbles has always been a popular destination among British holidaymakers and therefore it stands to reason that home-hunters would seek it out for their year-round fix of sand and sea.”

 

Agent’s views

 

Ben Davies, managing director at Belvoir Estate Agents in Mumbles, said: “As a former Victorian fishing village, Mumbles has definitely got its own identity. It’s a destination in its own right and we’ve always seen huge demand to live here.

“Mumbles is perched on the coast of Swansea Bay, just down the shoreline from Wales’ second city, so we’ve got easy access to all the amenities that a city has to offer without being a part of it.

“Our coastlines are spectacular as well, that’s a major draw for people, and Mumbles is the gateway to Gower, the first area in the UK to be designated an Area of Outstanding Natural Beauty. The beaches are just walking distance away and the vibe of the town is really special.

“Mumbles has seen lots of development in recent years, too. Oyster Wharf is a shining new development which has created a Mediterranean style plaza fronting onto the seafront. However, the town has still retained its charm and you’ll find lots of seafront restaurants and independent boutiques, bars and delis down here.

“What also goes in Mumbles’ favour is that you can get a lot more bang for your buck here, despite the rising prices, than in places like Cornwall and Devon. It’s popular for people who work in London part of the week, as there’s a direct train link from Swansea to Paddington.

“This year especially, we’ve seen a marked increase in purchases from buyers in London and Bristol. Now that people can work remotely, I think they’d rather have sea views whilst they work that blocks of concrete.”

 

Top ten coastal areas with the biggest five-year increase in average asking prices:

Place Area Avg asking price Oct 2020 Avg asking price Oct 2015 Five-year % change
Mumbles Swansea £344,832 £234,295 47%
Camber East Sussex £305,891 £210,895 45%
Fowey Cornwall £487,531 £337,423 45%
Sandilands Lincolnshire £268,527 £187,697 43%
St. Margarets-at-Cliffe Kent £362,982 £255,091 42%
Aberavon Port Talbot £136,710 £96,276 42%
St. Agnes Cornwall £442,383 £315,836 40%
Greatstone Kent £338,839 £242,622 40%
Mundesley Norfolk £286,254 £205,060 40%
Benllech Anglesey £289,390 £207,335 40%

Rightmove

UK Property news updates shared directly from Rightmove PLC - the country's leading property portal.

You May Also Enjoy

Breaking News

Breaking Property News – 28/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   tlyfe the tenant App gets huge marketing boost from national team tour from the Openbrix team As many will know tlyfe, powered by OpenBrix, is the UK’s most innovative tenant lifecycle app, taking the stress out of the move in process and helping to…
Read More
Breaking News

Over Four Out Of Five Tenants Unaware Of The Renters Reform Bill

OVER four out of five tenants remain unaware of the Renters (Reform) Bill and its contents, according to new research. The data comes from a representative survey of over 2,000 private renters conducted by the TDS Charitable Foundation, which works to advance education about housing rights and obligations in the private rented sector. The Bill…
Read More
Estate Agent Talk

What is Property Damage in a Personal Injury Case?

Property damage refers to any damage that affects things instead of a person. This might include damage to your car, house, etc. As such, it is not regarded as a personal injury case. However, when an individual is injured when the accident occurs, the affected person can file a personal injury claim. A typical example…
Read More
Love or Hate Rightmove
Breaking News

Rightmove comment on new 99% first-time buyer mortgage product

Matt Smith, Rightmove’s mortgage expert said: “It’s encouraging to see lenders continuing to try to innovate in the mortgage market, even after the government abandoned its own plans to encourage lower deposit mortgages in the Spring Budget. This new product has the potential to help some first-time buyers who fit the affordability criteria, but are struggling…
Read More
Breaking News

Breaking Property News – 27/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Coadjute ahead of the game as they are already licensed to provide digital TA6 Forms to property stakeholders This week, the Law Society announced its TA6 Form will now include Material Information as per the the National Trading Standards Estate and Letting Agency Team…
Read More
Breaking News

Breaking Property News – 26/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Sharing Success: The Guild Conference and Awards celebrate Member achievements The QEII Centre in Westminster, London, was abuzz with excitement on Friday, 22 March 2024, as The Guild of Property Professionals hosted its highly anticipated annual Guild Conference and Awards. Under the theme ‘Sharing…
Read More