View more on these topics

West coast seaside towns more expensive than East

Research from Halifax Estate Agents shows that seaside towns on the West coast have seen stronger house price growth over the past five years with 14 of the top 20 located on the West coast against six on the East coast.

The most expensive seaside town is on the West Coast, Sandbanks in Dorset, with an average house price of 508,337.

Its average price is 62% or 193,959 more than the highest priced East coast seaside town, Lymington in Hampshire (314,378).

Nine of the 10 most expensive seaside towns are located on the West Coast with four in Cornwall, three in Dorset and two in Devon.

Seaham in County Durham, an East coast seaside town, has seen the strongest house price growth over five years (181%).

It was followed by five West Coast towns Pwllheli in Wales (176%), Rock in Cornwall (172%), Caernarfon in Wales (166%), Maryport in Cumbria (155%) and Tenby in Wales (150%).

61 coastal towns have seen at least a doubling in their average house price over the past five years – 32 towns are from the West coast with 29 on the East coast.

Over the past year the best performer was from the West Coast, Porthcawl in Wales (27%).

It was followed by two East coast seaside towns Hartlepool in county Cleveland (22%) and Robin Hood’s Bay in North Yorkshire (22%).

The most affordable seaside town is located on the East coast, Withernsea in North Humberside (94,119).

Its average price is 10% or 10,428 less than the most inexpensive West Coast seaside town, Maryport in Cumbria (104,547).

Three seaside towns have an average house price less than 100,000 and all are on the East coast Withernsea, Blythe in Northumberland (95,833) and Hartlepool in county Cleveland (97,017).

The 10 most inexpensive seaside towns are all located in Northern England.

Recommended

Edeus joins Hamptons’ panel

Edeus has been appointed to the panel of Hamptons Mortgages. Kevin Duffy, managing director of Hamptons, says: “The excitement over this entrant to the market is unprecedented and we are delighted to appoint edeus to our panel.”

Market Watch

Swaps edged up for a few days before dropping back slightly. They are now at two-year highs.

  • One-year money is down 0.01%at 5.24%
  • Two-year money is down 0.01% at 5.26%
  • Three-year money is unchanged at 5.27%
  • Five-year money is unchanged at 5.22%
  • Callcredit to host credit conference

    Credit reference agency Callcredit is to host a one-day conference for credit industry leaders addressing the future of the UK economy, the consumer lending industry and consumer behaviour.Titled Predicting The Future the conference is set to take place at the Marriott Forest of Arden Hotel & Conference Centre on Wednesday November 1.John McAndrew, managing director […]

    FSA fines friendly society

    The Financial Services Authority has fined The Ancient Order of Foresters Friendly Society 55,000 for financial promotions failings, including substandard television adverts and direct offer packs which targeted the elderly. This is the first time the FSA has fined a friendly society for financial promotions failings.

    Newsletter

    News and expert analysis straight to your inbox

    Sign up