The most and least expensive seaside locations to buy a home revealed

Do you dream of waking up to salty sea air and the sound of seagulls? 

If you’ve always wanted to own a home by the sea, the cheapest and most expensive areas of the country have been revealed.

The coastal town of Salcombe in Devon has been named Britain’s priciest seaside destination, according to new data, knocking Sandbanks in Dorset off last year’s top spot.

Halifax analysed 209 coastal locations in total, but found Salcombe to be the most expensive, with the average house price in the area coming in at just over £1.2million.

Most expensive seaside spots:

With its desirable estuary location, Salcombe is a popular place for activities on the water.

Most of the most expensive spots were found on the coastline of southern England, in areas popular with second homeowners.

Aldeburgh in Suffolk, Padstow in Cornwall and Lymington in Hampshire came in third, fourth and fifth positions, respectively.

However, on the flip side, Scotland dominated the top 10 list of the least expensive seaside locations.

Greenock in Inverclyde, Scotland, was found to have the lowest average house price of the coastal spots – at £97,608.

While Girvan and Millport – both in Ayrshire, Scotland – came in second and third place as the cheapest.

The data also looked into how areas have increased in value over the last decade.

Back in 2012, the average house price in Salcombe was £558,538 – which is less than half the average 2022 value. Similarly, house prices in Margate and Westgate-on-Sea in Kent have also more than doubled over the last 10 years. 

Source: Read Full Article