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Yahoo
26-05-2025
- Business
- Yahoo
Britain's most expensive seaside towns and cheaper ‘hidden gems' revealed
With its golden beaches and associations with luxury lifestyles, Sandbanks in Dorset has been identified as Britain's most expensive seaside location. Home buyers wanting to move to Sandbanks will not get much change from £1 million typically, with the average house price sitting at £965,708 last year, according to Lloyds. The bank said while the average house price in Sandbanks has fallen by 3%, or £33,595, compared with 2023, it still sits at the top of its coastal property league, which is dominated by locations in the South West of England. Sandbanks is known as a popular location for celebrities, with it array of upscale restaurants and glitzy nightlife. Salcombe in Devon, with its galleries and boutiques, is second on the Lloyds list, with an average house price of £826,159 in 2024. Foodie hotspot Padstow in Cornwall is third, with buyers paying £715,974 on average to live there and enjoy the charm of its harbour and seafood scene on a daily basis. Aldeburgh, Suffolk, known for its arts scene and architecture, is fourth with an average house price of £619,693. Across Britain, the average price of a home by the sea was £295,991 last year – down 1% compared with 2023 – Lloyds said. The Lloyds Coastal Homes Review tracked house price movements in 197 coastal locations. Despite the small dip, prices in coastal towns increased nearly a fifth (18%) over the five years from 2019, the bank said. Purchasers could buy around nine homes in the most affordable seaside location on the Lloyds list, based on average house prices, for the cost of one property in Sandbanks. For buyers looking for a home by the sea at a more affordable price, Campbeltown on the scenic Kintyre Peninsula in Argyll and Bute has an average house price of £103,078. Home movers to the region can raise a toast to their new property with a dram of locally-produced whisky. Other coastal areas at the less expensive end of the house price spectrum include the Rothesay on the Isle of Bute (with an average house price of £111,764), Millport on Great Cumbrae (£114,008), and Port Bannatyne also on Bute (£115,421). Amanda Bryden, head of mortgages at Lloyds, said: 'Coastal living continues to hold a special appeal – whether it's the lure of sea views, sandy beaches, or a slower pace of life. 'Our latest research shows the most exclusive seaside spots – like Sandbanks – still command premium prices. 'In some of the UK's most desirable coastal towns, average prices have dipped slightly over the past year. But, over the longer term, values remain significantly higher – especially in the South West, where demand from lifestyle movers continues to shape the market. 'At the other end of the scale, there are still pockets of real affordability – particularly in Scotland, where buyers can find coastal homes for a fraction of the price. For those willing to look beyond the traditional hotspots, there are some hidden gems offering great value and a strong sense of community. 'It's also important to recognise that not all coastal areas share the same fortunes. Some seaside towns face significant challenges, from seasonal economies to a lack of affordable housing for local people.' Lloyds used data from the Land Registry and the Registers of Scotland for its research. Here are Britain's most expensive seaside locations, with the average house price in 2024, according to Lloyds: 1. Sandbanks, South West, £965,708 2. Salcombe, South West, £826,159 3. Padstow, South West, £715,974 4. Aldeburgh, East of England, £619,693 5. Lymington, South East, £608,253 6. St Mawes, South West, £552,198 7. Lyme Regis, South West, £531,815 8. Budleigh Salterton, South West, £496,998 9. Dartmouth, South West, £495,643 10. Kingsbridge, South West, £484,986 Here are Britain's least expensive coastal locations, according to Lloyds, with the average house price in 2024: 1. Campbeltown, Argyll and Bute, Scotland, £103,078 2. Rothesay, Argyll and Bute, Scotland, £111,764 3. Millport, North Ayrshire, Scotland, £114,008 4. Port Bannatyne, Argyll and Bute, Scotland, £115,421 5. Girvan, South Ayrshire, Scotland, £116,211 6. Greenock, Inverclyde, Scotland, £117,751 7. Ardrossan, North Ayrshire Scotland, £124,532 8. Wick, Highlands, Scotland, £126,708 9. Stranraer, Dumfries and Galloway, Scotland, £128,888 10. Saltcoats, North Ayrshire, Scotland, £129,194 Here are England and Wales's least expensive coastal locations, according to Lloyds, with average house prices in 2024: 1. Newbiggin-by-the-Sea, North East, £132,863 2. Fleetwood, North West, £146,338 3. Blackpool, North West, £146,764 4. Withernsea, Yorkshire and the Humber, £148,402 5. Maryport, North West, £153,243 6. Seaham, North East, £157,100 7. Blyth, North East, £158,265 8. Hartlepool, North East, £158,271 9. Cleethorpes, Yorkshire and the Humber, £166,909 10. Whitehaven, North West, £170,673 Here are the most, followed by the least, expensive coastal locations in each region or nation, according to Lloyds, with average house prices in 2024: East Midlands Chapel St Leonards, £214,802 Skegness, £202,559 East of England Aldeburgh, £619,693 Lowestoft, £238,372 North East Whitley Bay, £310,918 Newbiggin-by-the-Sea, £132,863 North West Grange-over-Sands, £308,419 Fleetwood, £146,338 Scotland St Andrews, Fife, £458,381 Campbeltown, Argyll and Bute, £103,078 South East Lymington, £608,253 East Cowes, £239,605 South West Sandbanks, £965,708 Plymouth, £248,668 Wales The Mumbles, £417,043 Prestatyn, £192,331 Yorkshire and the Humber Whitby/Robin Hood's Bay, £299,161 Withernsea, £148,402
Yahoo
26-05-2025
- Business
- Yahoo
Sandbanks named most expensive seaside location in UK
Sandbanks has been named the most expensive coastal location in Britain. The Dorset peninsula topped the list of costly seaside spots with an average property price of £965,708. Despite a 3 per cent drop from last year, the average price in Sandbanks remains significantly higher than any other seaside location. The latest research from Lloyds Bank reveals that the nationwide average for a seaside home is £295,991, indicating that Sandbanks is more than three times as expensive as the average. The study tracked house price movements across 197 coastal locations in the UK, based on data from the Land Registry and Registers of Scotland. Salcombe in Devon came second on the list, with an average house price of £826,159, while Padstow in Cornwall was third with £715,974. Aldeburgh in Suffolk was fourth with £619,693. READ MORE: Sandbanks eco-home outcome to be decided in council meeting Sandbanks tops list as Britain's most expensive coastal location at £965kSandbanks is known for its golden beaches, high-end properties and vibrant dining and nightlife scene. In contrast, Campbeltown in Scotland was revealed to be the cheapest coastal spot, with an average property price of £103,078. This makes it almost ten times cheaper than Sandbanks. Scotland dominated the list of most affordable coastal towns, with Rothesay, Millport, and Port Bannatyne all boasting average property prices under £120,000. Outside Scotland, the least expensive location in England is Newbiggin-By-The-Sea in the North East, while in Wales it is Prestatyn. The research also revealed that the housing market in coastal locations across Britain was worth around £21 billion last year. Despite a 1 per cent decrease in average coastal property prices last year, they have increased by 18 per cent over the past five years. In premium locations, this increase is as high as 37 per cent, adding £168,408 to the cost of a typical high-end coastal home. The biggest rise over this period was seen in St Mawes in the South West, where property prices shot up by 68 per cent, adding £222,602 to the cost of the typical property. Plymouth saw the highest number of transactions, at 3,258, followed by Bournemouth with 2,195. Brighton saw the highest combined value of coastal home purchases last year, with deals totalling just over £927 million.
The Independent
25-05-2025
- Business
- The Independent
Britain's most expensive seaside towns and cheaper ‘hidden gems' revealed
With its golden beaches and associations with luxury lifestyles, Sandbanks in Dorset has been identified as Britain's most expensive seaside location. Home buyers wanting to move to Sandbanks will not get much change from £1 million typically, with the average house price sitting at £965,708 last year, according to Lloyds. The bank said while the average house price in Sandbanks has fallen by 3%, or £33,595, compared with 2023, it still sits at the top of its coastal property league, which is dominated by locations in the South West of England. Sandbanks is known as a popular location for celebrities, with it array of upscale restaurants and glitzy nightlife. Salcombe in Devon, with its galleries and boutiques, is second on the Lloyds list, with an average house price of £826,159 in 2024. Foodie hotspot Padstow in Cornwall is third, with buyers paying £715,974 on average to live there and enjoy the charm of its harbour and seafood scene on a daily basis. Aldeburgh, Suffolk, known for its arts scene and architecture, is fourth with an average house price of £619,693. Across Britain, the average price of a home by the sea was £295,991 last year – down 1% compared with 2023 – Lloyds said. The Lloyds Coastal Homes Review tracked house price movements in 197 coastal locations. Despite the small dip, prices in coastal towns increased nearly a fifth (18%) over the five years from 2019, the bank said. Purchasers could buy around nine homes in the most affordable seaside location on the Lloyds list, based on average house prices, for the cost of one property in Sandbanks. For buyers looking for a home by the sea at a more affordable price, Campbeltown on the scenic Kintyre Peninsula in Argyll and Bute has an average house price of £103,078. Home movers to the region can raise a toast to their new property with a dram of locally-produced whisky. Other coastal areas at the less expensive end of the house price spectrum include the Rothesay on the Isle of Bute (with an average house price of £111,764), Millport on Great Cumbrae (£114,008), and Port Bannatyne also on Bute (£115,421). Amanda Bryden, head of mortgages at Lloyds, said: 'Coastal living continues to hold a special appeal – whether it's the lure of sea views, sandy beaches, or a slower pace of life. 'Our latest research shows the most exclusive seaside spots – like Sandbanks – still command premium prices. 'In some of the UK's most desirable coastal towns, average prices have dipped slightly over the past year. But, over the longer term, values remain significantly higher – especially in the South West, where demand from lifestyle movers continues to shape the market. 'At the other end of the scale, there are still pockets of real affordability – particularly in Scotland, where buyers can find coastal homes for a fraction of the price. For those willing to look beyond the traditional hotspots, there are some hidden gems offering great value and a strong sense of community. 'It's also important to recognise that not all coastal areas share the same fortunes. Some seaside towns face significant challenges, from seasonal economies to a lack of affordable housing for local people.' Lloyds used data from the Land Registry and the Registers of Scotland for its research. Here are Britain's most expensive seaside locations, with the average house price in 2024, according to Lloyds: 1. Sandbanks, South West, £965,708 2. Salcombe, South West, £826,159 3. Padstow, South West, £715,974 4. Aldeburgh, East of England, £619,693 5. Lymington, South East, £608,253 6. St Mawes, South West, £552,198 7. Lyme Regis, South West, £531,815 8. Budleigh Salterton, South West, £496,998 9. Dartmouth, South West, £495,643 10. Kingsbridge, South West, £484,986 Here are Britain's least expensive coastal locations, according to Lloyds, with the average house price in 2024: 1. Campbeltown, Argyll and Bute, Scotland, £103,078 2. Rothesay, Argyll and Bute, Scotland, £111,764 3. Millport, North Ayrshire, Scotland, £114,008 4. Port Bannatyne, Argyll and Bute, Scotland, £115,421 5. Girvan, South Ayrshire, Scotland, £116,211 6. Greenock, Inverclyde, Scotland, £117,751 7. Ardrossan, North Ayrshire Scotland, £124,532 8. Wick, Highlands, Scotland, £126,708 9. Stranraer, Dumfries and Galloway, Scotland, £128,888 10. Saltcoats, North Ayrshire, Scotland, £129,194 Here are England and Wales's least expensive coastal locations, according to Lloyds, with average house prices in 2024: 1. Newbiggin-by-the-Sea, North East, £132,863 2. Fleetwood, North West, £146,338 3. Blackpool, North West, £146,764 4. Withernsea, Yorkshire and the Humber, £148,402 5. Maryport, North West, £153,243 6. Seaham, North East, £157,100 7. Blyth, North East, £158,265 8. Hartlepool, North East, £158,271 9. Cleethorpes, Yorkshire and the Humber, £166,909 10. Whitehaven, North West, £170,673 Here are the most, followed by the least, expensive coastal locations in each region or nation, according to Lloyds, with average house prices in 2024: East Midlands Chapel St Leonards, £214,802 Skegness, £202,559 East of England Aldeburgh, £619,693 Lowestoft, £238,372 North East Whitley Bay, £310,918 Newbiggin-by-the-Sea, £132,863 North West Grange-over-Sands, £308,419 Fleetwood, £146,338 Scotland St Andrews, Fife, £458,381 Campbeltown, Argyll and Bute, £103,078 South East Lymington, £608,253 East Cowes, £239,605 South West Sandbanks, £965,708 Plymouth, £248,668 Wales The Mumbles, £417,043 Prestatyn, £192,331 Yorkshire and the Humber Whitby/Robin Hood's Bay, £299,161 Withernsea, £148,402
Yahoo
25-05-2025
- Business
- Yahoo
Britain's most expensive seaside towns and cheaper ‘hidden gems' revealed
With its golden beaches and associations with luxury lifestyles, Sandbanks in Dorset has been identified as Britain's most expensive seaside location. Home buyers wanting to move to Sandbanks will not get much change from £1 million typically, with the average house price sitting at £965,708 last year, according to Lloyds. The bank said while the average house price in Sandbanks has fallen by 3%, or £33,595, compared with 2023, it still sits at the top of its coastal property league, which is dominated by locations in the South West of England. Sandbanks is known as a popular location for celebrities, with it array of upscale restaurants and glitzy nightlife. Salcombe in Devon, with its galleries and boutiques, is second on the Lloyds list, with an average house price of £826,159 in 2024. Foodie hotspot Padstow in Cornwall is third, with buyers paying £715,974 on average to live there and enjoy the charm of its harbour and seafood scene on a daily basis. Aldeburgh, Suffolk, known for its arts scene and architecture, is fourth with an average house price of £619,693. Across Britain, the average price of a home by the sea was £295,991 last year – down 1% compared with 2023 – Lloyds said. The Lloyds Coastal Homes Review tracked house price movements in 197 coastal locations. Despite the small dip, prices in coastal towns increased nearly a fifth (18%) over the five years from 2019, the bank said. Purchasers could buy around nine homes in the most affordable seaside location on the Lloyds list, based on average house prices, for the cost of one property in Sandbanks. For buyers looking for a home by the sea at a more affordable price, Campbeltown on the scenic Kintyre Peninsula in Argyll and Bute has an average house price of £103,078. Home movers to the region can raise a toast to their new property with a dram of locally-produced whisky. Other coastal areas at the less expensive end of the house price spectrum include the Rothesay on the Isle of Bute (with an average house price of £111,764), Millport on Great Cumbrae (£114,008), and Port Bannatyne also on Bute (£115,421). Amanda Bryden, head of mortgages at Lloyds, said: 'Coastal living continues to hold a special appeal – whether it's the lure of sea views, sandy beaches, or a slower pace of life. 'Our latest research shows the most exclusive seaside spots – like Sandbanks – still command premium prices. 'In some of the UK's most desirable coastal towns, average prices have dipped slightly over the past year. But, over the longer term, values remain significantly higher – especially in the South West, where demand from lifestyle movers continues to shape the market. 'At the other end of the scale, there are still pockets of real affordability – particularly in Scotland, where buyers can find coastal homes for a fraction of the price. For those willing to look beyond the traditional hotspots, there are some hidden gems offering great value and a strong sense of community. 'It's also important to recognise that not all coastal areas share the same fortunes. Some seaside towns face significant challenges, from seasonal economies to a lack of affordable housing for local people.' Lloyds used data from the Land Registry and the Registers of Scotland for its research. Here are Britain's most expensive seaside locations, with the average house price in 2024, according to Lloyds: 1. Sandbanks, South West, £965,708 2. Salcombe, South West, £826,159 3. Padstow, South West, £715,974 4. Aldeburgh, East of England, £619,693 5. Lymington, South East, £608,253 6. St Mawes, South West, £552,198 7. Lyme Regis, South West, £531,815 8. Budleigh Salterton, South West, £496,998 9. Dartmouth, South West, £495,643 10. Kingsbridge, South West, £484,986 Here are Britain's least expensive coastal locations, according to Lloyds, with the average house price in 2024: 1. Campbeltown, Argyll and Bute, Scotland, £103,078 2. Rothesay, Argyll and Bute, Scotland, £111,764 3. Millport, North Ayrshire, Scotland, £114,008 4. Port Bannatyne, Argyll and Bute, Scotland, £115,421 5. Girvan, South Ayrshire, Scotland, £116,211 6. Greenock, Inverclyde, Scotland, £117,751 7. Ardrossan, North Ayrshire Scotland, £124,532 8. Wick, Highlands, Scotland, £126,708 9. Stranraer, Dumfries and Galloway, Scotland, £128,888 10. Saltcoats, North Ayrshire, Scotland, £129,194 Here are England and Wales's least expensive coastal locations, according to Lloyds, with average house prices in 2024: 1. Newbiggin-by-the-Sea, North East, £132,863 2. Fleetwood, North West, £146,338 3. Blackpool, North West, £146,764 4. Withernsea, Yorkshire and the Humber, £148,402 5. Maryport, North West, £153,243 6. Seaham, North East, £157,100 7. Blyth, North East, £158,265 8. Hartlepool, North East, £158,271 9. Cleethorpes, Yorkshire and the Humber, £166,909 10. Whitehaven, North West, £170,673 Here are the most, followed by the least, expensive coastal locations in each region or nation, according to Lloyds, with average house prices in 2024: East Midlands Chapel St Leonards, £214,802 Skegness, £202,559 East of England Aldeburgh, £619,693 Lowestoft, £238,372 North East Whitley Bay, £310,918 Newbiggin-by-the-Sea, £132,863 North West Grange-over-Sands, £308,419 Fleetwood, £146,338 Scotland St Andrews, Fife, £458,381 Campbeltown, Argyll and Bute, £103,078 South East Lymington, £608,253 East Cowes, £239,605 South West Sandbanks, £965,708 Plymouth, £248,668 Wales The Mumbles, £417,043 Prestatyn, £192,331 Yorkshire and the Humber Whitby/Robin Hood's Bay, £299,161 Withernsea, £148,402
The Independent
25-05-2025
- Business
- The Independent
Britain's most expensive seaside towns and cheaper hidden gems
Dorset's Sandbanks, renowned for its golden beaches and luxurious lifestyle, retains its crown as Britain's most expensive seaside location. Despite a slight dip in average house prices, prospective buyers can still expect to pay close to £1 million for a property in this exclusive coastal enclave. Lloyds Bank's latest figures reveal that the average house price in Sandbanks now stands at £965,708. This represents a 3% decrease, or £33,595, compared to 2023. However, Sandbanks continues to lead the bank's coastal property league, which is largely comprised of locations in the South West of England. This sustained high value underscores the enduring appeal of Sandbanks as a prime coastal destination. Sandbanks is known as a popular location for celebrities, with it array of upscale restaurants and glitzy nightlife. Salcombe in Devon, with its galleries and boutiques, is second on the Lloyds list, with an average house price of £826,159 in 2024. Foodie hotspot Padstow in Cornwall is third, with buyers paying £715,974 on average to live there and enjoy the charm of its harbour and seafood scene on a daily basis. Aldeburgh, Suffolk, known for its arts scene and architecture, is fourth with an average house price of £619,693. Across Britain, the average price of a home by the sea was £295,991 last year – down 1% compared with 2023 – Lloyds said. The Lloyds Coastal Homes Review tracked house price movements in 197 coastal locations. Despite the small dip, prices in coastal towns increased nearly a fifth (18%) over the five years from 2019, the bank said. Purchasers could buy around nine homes in the most affordable seaside location on the Lloyds list, based on average house prices, for the cost of one property in Sandbanks. For buyers looking for a home by the sea at a more affordable price, Campbeltown on the scenic Kintyre Peninsula in Argyll and Bute has an average house price of £103,078. Home movers to the region can raise a toast to their new property with a dram of locally-produced whisky. Other coastal areas at the less expensive end of the house price spectrum include the Rothesay on the Isle of Bute (with an average house price of £111,764), Millport on Great Cumbrae (£114,008), and Port Bannatyne also on Bute (£115,421). Amanda Bryden, head of mortgages at Lloyds, said: 'Coastal living continues to hold a special appeal – whether it's the lure of sea views, sandy beaches, or a slower pace of life. 'Our latest research shows the most exclusive seaside spots – like Sandbanks – still command premium prices. 'In some of the UK's most desirable coastal towns, average prices have dipped slightly over the past year. But, over the longer term, values remain significantly higher – especially in the South West, where demand from lifestyle movers continues to shape the market. 'At the other end of the scale, there are still pockets of real affordability – particularly in Scotland, where buyers can find coastal homes for a fraction of the price. For those willing to look beyond the traditional hotspots, there are some hidden gems offering great value and a strong sense of community. 'It's also important to recognise that not all coastal areas share the same fortunes. Some seaside towns face significant challenges, from seasonal economies to a lack of affordable housing for local people.' Lloyds used data from the Land Registry and the Registers of Scotland for its research. Here are Britain's most expensive seaside locations, with the average house price in 2024, according to Lloyds: 1. Sandbanks, South West, £965,708 2. Salcombe, South West, £826,159 3. Padstow, South West, £715,974 4. Aldeburgh, East of England, £619,693 5. Lymington, South East, £608,253 6. St Mawes, South West, £552,198 7. Lyme Regis, South West, £531,815 8. Budleigh Salterton, South West, £496,998 9. Dartmouth, South West, £495,643 10. Kingsbridge, South West, £484,986 Here are Britain's least expensive coastal locations, according to Lloyds, with the average house price in 2024: 1. Campbeltown, Argyll and Bute, Scotland, £103,078 2. Rothesay, Argyll and Bute, Scotland, £111,764 3. Millport, North Ayrshire, Scotland, £114,008 4. Port Bannatyne, Argyll and Bute, Scotland, £115,421 5. Girvan, South Ayrshire, Scotland, £116,211 6. Greenock, Inverclyde, Scotland, £117,751 7. Ardrossan, North Ayrshire Scotland, £124,532 8. Wick, Highlands, Scotland, £126,708 9. Stranraer, Dumfries and Galloway, Scotland, £128,888 10. Saltcoats, North Ayrshire, Scotland, £129,194 Here are England and Wales's least expensive coastal locations, according to Lloyds, with average house prices in 2024: 1. Newbiggin-by-the-Sea, North East, £132,863 2. Fleetwood, North West, £146,338 3. Blackpool, North West, £146,764 4. Withernsea, Yorkshire and the Humber, £148,402 5. Maryport, North West, £153,243 6. Seaham, North East, £157,100 7. Blyth, North East, £158,265 8. Hartlepool, North East, £158,271 9. Cleethorpes, Yorkshire and the Humber, £166,909 10. Whitehaven, North West, £170,673 Here are the most, followed by the least, expensive coastal locations in each region or nation, according to Lloyds, with average house prices in 2024: East Midlands Chapel St Leonards, £214,802 Skegness, £202,559 East of England Aldeburgh, £619,693 Lowestoft, £238,372 North East Whitley Bay, £310,918 Newbiggin-by-the-Sea, £132,863 North West Grange-over-Sands, £308,419 Fleetwood, £146,338 Scotland St Andrews, Fife, £458,381 Campbeltown, Argyll and Bute, £103,078 South East Lymington, £608,253 East Cowes, £239,605 South West Sandbanks, £965,708 Plymouth, £248,668 Wales The Mumbles, £417,043 Prestatyn, £192,331 Yorkshire and the Humber Whitby/Robin Hood's Bay, £299,161 Withernsea, £148,402
