Sandbanks is the most expensive coastal area
- Rightmove analysis shows that Sandbanks in Poole, Dorset is the most expensive coastal area in Great Britain, with an average asking price of £1,582,331
- Canford Cliffs in Poole is second, with an average asking price of £1,242,181 and Milford-on-Sea in Hampshire is third (£751,442)
- Saltcoats in Ayrshire, Scotland is the cheapest coastal area with an average asking price of £114,365. Easington in County Durham is second (£122,520), and Peterlee in County Durham is third (£124,593)
- Peterlee in County Durham is the top coastal price hotspot, with average asking prices up by 15% compared to last year
- Glasgow, Bristol and Edinburgh now receive a higher number of searches than Devon, as more buyers search for city living. London is the most searched for location, and Cornwall is second
New analysis from the UK’s biggest property website Rightmove, reveals that Sandbanks in Poole, Dorset is the most expensive coastal area, with a current average asking price of £1,582,331.
Canford Cliffs in Poole is the second most expensive coastal area, with an average asking price of £1,242,181 and Milford-on-Sea in Hampshire is third (£751,442).
The study analysed the prices of more than 200 coastal areas across Great Britain.
By contrast, Saltcoats in Ayrshire, Scotland is the cheapest coastal area, with an average asking price of £114,365. Easington in County Durham is second (£122,520), and Peterlee in County Durham is third (£124,593).
Peterlee is also the current price hotspot, with average asking prices in the area up by 15% compared to this time last year – though average prices in Peterlee are still significantly lower than the regional average.
The next nearest price hotspot is Heysham, in Lancaster, where average prices are up by 7% compared to this time last year.
Over the last couple of years, the pandemic trend of more people looking to coastal areas over cities has been reversing.
This year, the cities of Glasgow, Bristol and Edinburgh are now more searched for than the coastal county of Devon, which was previously in third place this time last year.
London and Cornwall remain in first and second place respectively.
Tim Bannister, Rightmove’s property expert said: “Whilst the pandemic-driven surge for seaside areas has calmed down and reversed back to more normal levels, areas around Great Britain’s coast continue to be popular with many people. Particularly at this time of year, many people consider what a home by the sea and away from the hustle and bustle of a city could look like, or perhaps explore estate agents’ windows while on holiday.”
Steve Isaacs, Director at Luxury and Prestige Realty in Poole, said: “It’s been a positive first half of the year for us, even with mortgage rates staying high and the election called. The areas of Sandbanks and Canford Cliffs continue to be very popular, and prime waterfront properties in Sandbanks have been doing particularly well. For those that can, the lifestyle of living in a beautiful location by the sea will always be appealing and is not to be underestimated.”
Data Tables
Most expensive areas
| Ranking | Area | Average asking price |
| 1 | Sandbanks, Dorset | £1,582,331 |
| 2 | Canford Cliffs, Dorset | £1,242,181 |
| 3 | Milford On Sea, Hampshire | £751,442 |
| 4 | Padstow, Cornwall | £678,058 |
| 5 | Lymington, Hampshire | £603,312 |
| 6 | Barton On Sea, Hampshire | £562,609 |
| 7 | Budleigh Salterton, Devon | £542,005 |
| 8 | Lyme Regis, Dorset | £521,932 |
| 9 | Sidmouth, Devon | £501,099 |
| 10 | Sandgate, Kent | £495,009 |
Cheapest areas
| Ranking | Area | Average asking price |
| 1 | Saltcoats, Ayrshire | £114,365 |
| 2 | Easington, County Durham | £122,520 |
| 3 | Peterlee, County Durham | £124,593 |
| 4 | Ashington, Northumberland | £132,660 |
| 5 | Bootle, Merseyside | £133,197 |
| 6 | Grimsby, Lincolnshire | £135,951 |
| 7 | Girvan, Ayrshire | £139,547 |
| 8 | Maryport, Cumbria | £140,437 |
| 9 | Workington, Cumbria | £141,765 |
| 10 | Hartlepool | £146,674 |
Price hotspots
| Ranking | Area | Average asking price | Average asking price change YoY |
| 1 | Peterlee, County Durham | £124,593 | 15% |
| 2 | Heysham, Lancaster | £208,004 | 7% |
| 3 | Colwyn Bay, Conwy | £239,077 | 6% |
| 4 | Port Talbot, South Glamorgan | £165,430 | 6% |
| 5 | Ashington, Northumberland | £132,660 | 5% |
Most searched for areas
| Ranking | Area |
| 1 | London |
| 2 | Cornwall |
| 3 | Glasgow |
| 4 | Bristol |
| 5 | Edinburgh |
| 6 | Devon |
| 7 | York |
| 8 | Sheffield |
| 9 | Bath |
| 10 | Manchester |
You May Also Enjoy
Private rent and house prices, UK: September 2024
UK inflation holding at 2.2% – Remains a Buyers’ Market
Foxtons Lettings Market Index – August 2024
Breaking Property News 17/09/24
US Construction News Companies: Key Players Shaping the Industry Landscape
