Sandbanks in Poole, Dorset, has been named Britain’s most expensive seaside town for the second year in a row.
The small peninsula – dubbed Britain’s St Tropez – is popular with celebrities, and average prices are £664,051, although this is broadly flat on the year before. Salcombe in Devon took second place in the list of Britain’s priciest seaside locations, compiled by Halifax, with average prices of £617,743.
This jumped from £539,950 last year, thanks to the sale of a number of high-cost homes in the past year, including a detached property that sold for £1.66m in summer last year.
Other seaside towns have benefited from a surge in property prices over the past decade, with the average house price increasing by nearly 25 per cent, from £181,060 in 2007 to £226,916 in 2017.
“Seaside towns are extremely popular places to live, offering sought-after views and desirable weather,” said Martin Ellis, a housing economist at Halifax.
However, not all of them have enjoyed the property boom – not a single northern seaside town makes this year’s list of Britain’s wealthiest places.
Meanwhile, Scotland is home to nine out of the 10 least expensive coastal towns.
The cheapest seaside town in Britain is Port Bannatyne, in the Firth of Clyde, where average prices are £71,550.
Newbiggin-by-the-Sea, in Northumberland, and Campbeltown, in Argyll and Bute, are also among the cheapest seaside resorts in Britain.
Halifax used Land Registry and Registers of Scotland house price data to compile the rankings.
Sandbanks has one of the highest land values in the world, thanks to its collection of multi-million pound homes set among just half a square mile of sandy beaches.
Over the years, the resort has been home to veteran football manager Harry Redknapp and former England cricketer Geoffrey Boycott.
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