Oh I do like to be beside the seaside

It is well known that Brits love to be beside the seaside, and it also appears to pay off financially according to the latest research from Halifax.

Out of 100 seaside towns surveyed in England and Wales, 71 have enjoyed average yearly increases in property prices that top 10% over the last seven years.

Property prices in almost 50 per cent of the seaside towns surveyed have doubled over the same period whilst house prices in Padstow, the home of leading chef Rick Stein, actually tripled in value in the last seven years.

The next leading seaside towns, Brighton and Falmouth recorded increases of 193 per cent and 177 per cent respectively.

The average price of a property by the sea is highest in Sandbanks in Dorset at £343,797, Lymington is the second most expensive with an average price of £218,773.

Seaham, in the North East, is the least expensive seaside area with an average price of £44,553 &#45 but even this resort has seen prices rise by over 40%.