New research analysing more than 200 coastal areas in Great Britain has found that Sandbanks in Poole, Dorset, is the most expensive coastal area to purchase a property.
Rightmove revealed that the current average asking price of a home in Sandbanks is a whopping £1,582,331.
The affluent Poole neighbourhood is home to the beautiful Sandbanks Beach. One visitor described it as “gorgeous” on Tripadvisor. They said: “Sandbanks Beach features golden sand and bright blue water.
“The beach makes the perfect setting for a seaside walk in the spring, family games, water sports and a place to relax in the summer sunshine.”
Another said called it a “beautiful beach”. They said: “I was recommended by a local taxi driver and it didn’t disappoint. As a nature lover, I enjoyed the cleanliness, the golden sands and the gentle ocean breeze.”
This coastal area is the ‘perfect place to relax in the summer sunshine’GETTY IMAGESEnjoy a delicious meal at Rick Stein Sandbanks or hop on a harbour cruise to the National Trust’s Brownsea Island for picturesque, nature-filled wooded walks.
The second most expensive coastal area is Canford Cliffs in Poole, according to the data, with an average asking price of £1,242,181. Milford-on-Sea in Hampshire is the third most expensive, with an average asking price of £751,442.
In contrast, Saltcoats in Ayrshire, Scotland, is the cheapest coastal area to snap up a home. Here, the average asking price is £114,365.
Easington in County Durham is the second cheapest at £122,520 and Peterlee in County Durham is third at £124,593.
Rightmove also did some research into “price hotspots” along the coast. These are areas where property prices are increasing much more than the national average.
Peterlee, County Durham has seen the biggest increase in asking price changes. The average asking price is £124,593 and it has increased year on year by 15 per cent.
Heysham, Lancaster is the second biggest price hotspot. The average asking price is £208,004 and the average asking price change year on year is seven per cent.
Most expensive areas
- Sandbanks, Dorset: £1,582,331
- Canford Cliffs, Dorset: £1,242,181
- Milford On Sea, Hampshire: £751,442
- Padstow, Cornwall: £678,058
- Lymington, Hampshire: £603,312
- Barton On Sea, Hampshire: £562,609
- Budleigh Salterton, Devon: £542,005
- Lyme Regis, Dorset: £521,932
- Sidmouth, Devon: £501,099
- Sandgate, Kent: £495,009
Cheapest areas
- Saltcoats, Ayrshire: £114,365
- Easington, County Durham: £122,520
- Peterlee, County Durham: £124,593
- Ashington, Northumberland: £132,660
- Bootle, Merseyside: £133,197
- Grimsby, Lincolnshire: £135,951
- Girvan, Ayrshire: £139,547
- Maryport, Cumbria: £140,437
- Workington, Cumbria: £141,765
- Hartlepool: £146,674
Rightmove’s property expert Tim Bannister 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.”
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CEO at Propertymark Nathan Emerson commented on the research: “Whilst many homeowners will no doubt be happy to see their homes increasing in value in these coastal locations, many locals who aspire to one day live where they have grown up will be unable to do so as prices increase and become further out of reach.
“Now that Housing Secretary, Angela Rayner announced that the UK Government wants to increase its housebuilding targets from 300,000 new homes a year to 370,000, we need to see the plans to make this achievable whilst continuing to protect greenbelt land.
“Understanding the infrastructure needed across the country to make these aspirations a reality is essential as more homes built will help even out demand against a backdrop of increasing supply in the long term and ultimately make house prices more affordable, especially in desirable locations such as these.”
This coastal area is the ‘perfect place to relax in the summer sunshine’GETTY IMAGES
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