Seaside property increased by 8 percent from 2020 – Sandbanks is most expensive

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Halifax said the average value of a British seaside property rose to £287,087 last year – up eight percent or £22,082 from 2020. Posh Sandbanks in Dorset with its pretty beaches, is Britain’s most expensive seaside spot, with homes averaging £929,187.

Second is Salcombe, South Devon at £912,599 followed by Padstow in Cornwall at £588,090.

Outside of southern England, the most expensive seaside areas are East Anglia gems Aldeburgh in Suffolk at £515,444, Sheringham at £346,692 and Cromer at £313,063 (both in Norfolk).

Scotland has the least expensive seaside towns with Campbeltown in Argyll and Bute where the average home is £91,201.

Halifax managing director Russell Galley said: “Our ongoing love affair with living by the sea shows few signs of abating.

“Homes on the coast have long attracted a premium price, and this was no different in 2021, with the move towards working from home being an ongoing influence in where people choose to live.

“The average seaside home cost £287,087 – up eight per cent on the previous year.”

Jonathan Rolande, property expert and founder of the National Association of

Property Buyers, said: “The British seaside has had a post-lockdown renaissance as many work from home permanently or simply reassess their priorities and work/ life balance.

“The idea of peaceful paddle boarding, beach barbecues and fresh air tempts any a city dweller. Prices have jumped accordingly.”

FIVE SHORE WINNERS

Priciest…Stunning Sandbanks in Dorset

HERE are Britain’s most expensive seaside towns according to Halifax, with the average house price

1. SANDBANKS Dorset, South West, £929,187

2. SALCOMBE Devon, South West, £912,599

3. PADSTOW Cornwall, South West, £588,090

4. LYMINGTON Hampshire, South West, £565,790

5. ALDEBURGH Suffolk, East Anglia, £515,444

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