Seaside towns are some of the most sought-after locations for homes and it’s no surprise with their picturesque landscapes and natural beauty. But how much would a place in the sun set you back? According to the latest research by Halifax, Britain’s most expensive seaside town is Sandbanks in Poole, scoring a hat-trick for the third year running. The second most expensive seaside town is Salcombe in South Devon.
Although a home in Sandbanks will set you back an average of £626,553, both Sandbanks and Salcombe are the only two seaside towns in the top 10 to have seen a decrease in house prices over the last year. They have seen an average decrease of £37,494 and £52,702 respectively.
The second and third most expensive seaside towns remain unchanged on last year with average prices in Salcombe of £577,591 and Aldeburgh in Suffolk of £535,872. Although Sandbanks tops the chart along with Lymington in Hampshire and East Wittering in Sussex for the most number of hours of sunshine per week in the top 10 most expensive seaside towns with an average of 33 hours, it does drop into fifth place in terms of overall happiness. Aldeburgh in Suffolk tops the happiness chart and is closely followed by East Wittering and Budleigh Salterton in Devon.
Having a splendorous view can be a dream that is attached to an expensive price tag, however, although more sunshine is certainly alluring, it may not guarantee the happiness of homeowners. The least expensive seaside town in England is Newbiggin by the Sea in Northumberland, with the average house price of £94,385. While the seven seaside towns have an average house price of below £100,000 and the hours of sunshine for the top 10 least expensive seaside towns range from 26 to 21 hours per week, their residents scored very well in the happiness charts. Often better than those living at some of the more expensive seaside towns. The research found that those living in Newbiggin by the Sea were often the happiest with a score of 8.1 out of 10. This is followed by Wick, in Caithness, Port Bannatyne on the Isle of Bute, and Dunoon in Argyll and Bute, with a score of 7.8 out of 10.
About the Author
Stuart Mosley (CeFA, CeMap, CLTM) founded SJ Financial Solutions in June 2005 having spent 12 years with big corporates such as Halifax and Santander. He felt the personal touch and straight speaking was missing from financial and mortgage advice services and set up SJ Financial Solutions to change this.
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