Five of the best seaside property hotspots
Your Mortgage reported last month how property in the Devon town of Salcombe had reached a record high, forcing many buyers to look elsewhere.
Property portal eMoov has outlined five locations worth considering for a second home.
It picked out Bude in Cornwall, Weymouth on the south coast, Westcliffe-on-Sea in the east, Colwyn Bay in Wales and Bridlington in Yorkshire.
The average price in Bude is £254,177 while a typical property in Bridlington costs £134,069. All five locations have seen prices rise by at least 6% in the last 12 months.
“Bude offers a perfect beach location and although the average house price is around the £250k mark, it’s a steal when compared to Padstow, considering it’s just a short trot up the coast,” eMoov said. “Although relatively unknown at present, it is almost certainly going to experience its own Padstow style effect, so snapping up a holiday home now could be a smart move if you want to see a return on your investment.”
Average House Price: £254,177
Price change in the past 2 years: 7.16%
“With an average house price of just £230k, it is more expensive than the national average, but a quarter of the average price of property in the Sandbanks and just an hour’s drive away. What’s more, the rural landscape is far more idyllic than the overly busy Sandbanks Bay and Weymouth’s Georgian style seafront and post card beaches, offer spectacular views of Dorset’s Jurassic Coast.”
Average House Price: £229,906
Price change in the past 2 years: 6.62%
“Westcliffe-on-Sea is situated within close proximity to the bright lights of Southend’s seafront attractions and a short drive to the quainter seaside community of Leigh. With an average house price of £224k Westcliffe is more expensive than the national average, but a darn site cheaper than buying in London.”
Average House Price: £223,796
Price change in the past 2 years: 14.71%
“Colwyn Bay on the north coast of Wales offers everything you could want from a seaside get away. There’s a beautiful beach, gardens within the town and Eirias Park is one of many local areas of outstanding natural beauty. There is also something to keep the kids entertained – from the nearby Welsh Mountain Zoo to the Port Eirias Water Sports Centre, offering a range of activities.”
Average House Price: £173,094
Price change in the past 2 years: 9.82%
“Just south of Scarborough is Bridlington. It offers a more relaxed pace of life than Scarborough, even at the height of summer. The town has a real family feel and offers something for young and old. There is a bustling town centre, albeit a small one, picturesque beaches, the obligatory promenade and seaside attractions, a number of historic sites and the real hidden gem – Bridlington Old Town. With an average house price of £130k it is a tad more expensive than other resorts on the North East, like Newbiggin-by-the-Sea, but offers a lot more for the additional cost.”
Average House Price: £134,069
Price change in the past 2 years: 8.64%