Premium for coastal properties drifts north

Premium for coastal properties drifts north

Wednesday, August 31, 2005

Homeowners continue to pay a premium for living near the sea, Halifax annual research shows, but in a 12-month surge, the main house price increases are now in the north of England.

Between 1995 and 2005, seventeen of the twenty seaside locations with the highest property price rises were all in either the South East (10) or South West (7) - with the exceptions of Brancaster in East Anglia, and Llandudno and Colwyn Bay in Wales. Falmouth saw the greatest increase in house prices over a ten-year period (311.5%), well ahead of the UK average house price growth of 186%.

However the picture is different over the last twelve months with the main house price increases being seen in the North of England. Maryport in Cumbria has seen the highest property price rises with an increase of 42.0%. In fact, four out of the top twenty seaside towns are in Cumbria – Maryport (42.0%), Barrow in Furness (31.6%), Whitehaven (25.0%) and Workington (23.3%)

Most expensive seaside town

Sandbanks in Dorset is the most expensive seaside town where the average property now sells for £531,280 - over £200,000 more than the next most expensive – Lymington in Hampshire. Unsurprisingly eighteen out of the twenty most expensive seaside towns are in the South of England, 11 in the South West and 7 in the South East.

Hartlepool in the North East is the least expensive seaside area with an average price of £77,557 - followed by Blyth and Barrow in Furness with an average house price of £88,018 and £88,372 respectively.

The most affordable seaside towns tend to be in the North of England with the North West and North East coastlines offering many of the least expensive seaside properties in the country.

Overall, property prices in 37 (49%) of the 75 seaside towns surveyed at least trebled over the past decade (See Table 1).

Over the past decade, 67% (50) of the 75 seaside towns surveyed out-performed the average UK house price growth of 186%.

		Top 20 seaside towns largest increases 1995 - 2005
Post Town			Region	Average price		Increase
Post Town			Region	1995	2005	£	%
1	Falmouth		South West	58,920	242,483	183,563	311.5
2	Penzance		South West	50,9497	205,133	154,136	302.2
3	Brancaster		East Anglia	56,790	219,800	163,010	287.0
4	Brighton		South East	53,570	205,712	152,142	284.0
5	Mevagissey		South West	47,890	174,990	127,100	265.4
6	Hastings		South East	44,902	159,816	114,914	255.9
7	Bideford		South West	51,119	179,470	128,351	251.1
8	Whitstable		South East	59,651	208,983	149,332	250.3
9	Brixham		South West	53,280	184,428	131,148	246.1
10	Hythe		South East	67,516	231,249	163,733	242.5
11	Folkestone		South East	48,786	165,010	116,224	238.2
12	Herne Bay		South East	54,171	181,274	127,103	234.6
13	Lymington		South East	95,454	318,831	223,377	234.0
14	Ramsgate		South East	43,376	144,147	100,771	232.3
15	Burnham on Crouch		South East	56,664	188,022	131,358	231.8
16	Llandudno		Wales	53,673	177,219	123,546	230.2
17	Colwyn Bay		Wales	50,460	166,148	115,688	229.3
18	Margate		South East	44,801	146,636	101,835	227.3
19	Christchurch		South West	75,900	246,540	170,640	224.8
20	Weymouth		South West	57,330	186,174	128,844	224.7

		Top 20 seaside towns largest increases 2004 - 2005
Post Town			Region	Average price		Increase
Post Town			Region	2004	2005	£	%
1	Maryport		North	70,767	100,469	29,702	42.0
2	Sandbanks		South West	395,753	531,280	135,527	34.2
3	Colwyn Bay		Wales	125,164	166,148	40,984	32.7
4	Barrow in Furness		North	67,149	88,372	21,223	31.6
5	Whitehaven		North	82,358	102,930	20,572	25.0
6	Llandudno		Wales	142,740	177,219	34,479	24.2
7	Workington		North	77,262	95,275	18,013	23.3
8	Fleetwood		North West	92,706	114,251	21,545	23.2
9	Porthleven		South West	173,564	211,565	38,001	21.9
10	Redcar		North	98,884	119,747	20,863	21.1
11	Blakeney		South West	165,426	197,526	32,100	19.4
12	Plymouth		South West	129,023	153,605	24,582	19.1
13	Rhyl		Wales	100,905	119,105	18,200	18.0
14	Brancaster		East Anglia	187,884	219,800	31,916	17.0
15	Cleethorpes		Yorks & the Humber	88,430	103,427	14,997	17.0
16	Filey		Yorks & the Humber	132,227	154,031	21,804	16.5
17	Hythe		South East	199,222	231,249	32,027	16.1
18	Brixham		South West	158,905	184,428	25,523	16.1
19	Lytham St Annes		North West	165,565	191,599	26,034	15.7
20	Southport		North West	150,877	174,571	23,694	15.7

CLICK HERE TO PRINT THIS PAGE

CLICK HERE FOR OUR FULL NEWS ARCHIVE

Get this news on your website !

If you have a website, whether it is a personal homepage or a fully fledged estate agent service, you can get our news headlines included on your site. Both these newsfeed services give you the option of having the full news content from TheMoveChannel.com - not just the articles that appear on country subdomains such as this one:

Premium service

For just £50 / month, you can now have your own customised news service on your website. With the XML-based service, articles actually appear on a page on your site, making this a sticky feature that won't result in your traffic leaving. You have control over the display format to show your choice of headlines, dates and short article introductions and can apply your own style sheet or control the display format with XSL sheets. Finally, you can also set your subject preferences so that your feed only displays articles which are relevant to your site audience.

Top News Stories:

Brits abroad have 'no regrets’
6/19/2008 - Expats who’ve escaped to sunnier climes seemingly have no regrets about leaving the UK…

Canny FTBs remain ‘undeterred’
6/19/2008 - A new survey has revealed that FTBs are increasingly entering the new homes market with confidence...

Londoners love ‘laid-back’ Italy
6/18/2008 - A survey has revealed that Londoners see Italy as the most desirable place to buy property...

Sponsored listings:


Worldwide	England	Northern Ireland	Scotland	Wales	London	Spain	France	Italy	USA	Investment


Privacy policy Terms of use Support Bookmark now! uk index						TheMoveChannel.com is a protected Trademark. Copyright © 2000 - 2008 On The Move Ltd. All rights reserved.