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Price study looks at seaside life | Price study looks at seaside life |
(about 5 hours later) | |
Britons are prepared to spend an extra £5,000 just to live by the sea, new research suggests. | Britons are prepared to spend an extra £5,000 just to live by the sea, new research suggests. |
The average home in a seaside town costs 3% or £5,298 more than the average property in a coastal county. | The average home in a seaside town costs 3% or £5,298 more than the average property in a coastal county. |
A survey by Halifax Estate Agents looked at factors such as housing, health, education and environment. | A survey by Halifax Estate Agents looked at factors such as housing, health, education and environment. |
Bridlington in East Yorkshire was the best value seaside town, while Christchurch in Dorset offered best quality of life, the survey claimed. | |
Sandbanks in Dorset is the most expensive seaside town, with the average home costing £488,761, while the average house price in Bridlington was just £139,645. | Sandbanks in Dorset is the most expensive seaside town, with the average home costing £488,761, while the average house price in Bridlington was just £139,645. |
The group said house prices in seaside towns averaged £187,128, compared with an average price of £181,830 across counties which border the sea. The national average is nearly £200,000. | The group said house prices in seaside towns averaged £187,128, compared with an average price of £181,830 across counties which border the sea. The national average is nearly £200,000. |
Properties in Sandbanks cost an average 106% more than the average for Dorset as a whole, followed by the Mumbles in Wales at 92% and St Andrews in Fife at 86%. | Properties in Sandbanks cost an average 106% more than the average for Dorset as a whole, followed by the Mumbles in Wales at 92% and St Andrews in Fife at 86%. |
Most expensive seaside towns 1. Sandbanks, Dorset - average house price £488,7612. Padstow, Cornwall - average price £334,385Milford-on-Sea, Hampshire - average price £326,277 Overall 24 of the 117 seaside towns surveyed had homes that cost an average 20% more than the county they were in. | Most expensive seaside towns 1. Sandbanks, Dorset - average house price £488,7612. Padstow, Cornwall - average price £334,385Milford-on-Sea, Hampshire - average price £326,277 Overall 24 of the 117 seaside towns surveyed had homes that cost an average 20% more than the county they were in. |
But there are 16 towns where prices are at least 20% lower than the county average, with prices 30% below average in Margate, in Kent, and 29% lower in Dover. | But there are 16 towns where prices are at least 20% lower than the county average, with prices 30% below average in Margate, in Kent, and 29% lower in Dover. |
Nine of the 10 most expensive seaside towns in Britain are in the South West. | Nine of the 10 most expensive seaside towns in Britain are in the South West. |
After Sandbanks, the second most expensive seaside town is Padstow in Cornwall, where houses cost £334,385, followed by Milford-on-Sea in Hampshire at £326,277. | After Sandbanks, the second most expensive seaside town is Padstow in Cornwall, where houses cost £334,385, followed by Milford-on-Sea in Hampshire at £326,277. |
House prices have risen most in Scottish towns during the three years to the end of March, with Eyemouth in the Scottish Borders seeing the average cost of a home soar by 82%. | House prices have risen most in Scottish towns during the three years to the end of March, with Eyemouth in the Scottish Borders seeing the average cost of a home soar by 82%. |
Halifax said 24 out of the 117 seaside town had seen prices rise by 50% or more between March 2004 and March this year. | Halifax said 24 out of the 117 seaside town had seen prices rise by 50% or more between March 2004 and March this year. |