Посты с тэгом: coastal property

Which seaside towns have seen the largest house price increases in the last year?

Опубликовано: August 4, 2016 в 11:37 am

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Категории: Property News

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A new survey by Zoopla has revealed the most expensive seaside towns to purchase property in the UK.

Margate came top of the pier, with recent regeneration and new tourist attractions driving house prices in the town to an average of £202,276. This represented a rise of 12.5% in the last year.

Seaside surges

Other locations where investors could soon be building sandcastles are Grange-over-Sands in Cumbria and Walton on the Naze, Essex. Property values in these regions increased by 10.58% and 10.04% year-on-year respectively.

The top-ten seaside property towns by average house price increases during the last year were:

Seaside location Change in value since July 2015
Margate, Kent 12.54%
Grange-over-Sands, Cumbria 10.58%
Walton on the Naze, Essex 10.04%
Felixstowe, Suffolk 9.59%
Porthcawl, Wales 7.61%
Llandudno, Wales 7.56%
Ramsgate, Kent 7.17%
Hastings, Sussex 6.95%
Hayling Island, Hampshire 6.83%
Southend-On-Sea, Essex 6.81%

[1]

Out with the tide

At the other end of the promenade, the South West coastline houses many weakest performing seaside locations in terms of growth in the past twelve months.

However, Cleethorpes in Lincolnshire topped the list of worst performers, with property values sliding by 5.47% in the period. Cruden Bay and Collieston, both in Aberdeen, both saw slides of 4.63%.

The bottom ten seaside towns in terms of property changes were found to be:

Seaside location Change in value since July 2015
Cleethorpes, Lincolnshire -5.47%
Cruden Bay, Aberdeen -4.63%
Collieston, Aberdeen -4.63%
Saltburn-by-the-sea, North Yorkshire -4.33%
Aberystwyth, Wales -3.48%
Rhyl, Wales -3.37%
Iilfracombe- Devon -2.21%
Woolacombe, Devon -2.21%
Looe, Cornwall -2.19%
Perranporth, Cornwall -1.98%
Which seaside towns have seen the largest house price increases in the last year?

Which seaside towns have seen the largest house price increases in the last year?

Expensive

The most expensive property values for British seaside locations in July 2016 was found to be Salcombe in Devon. Investors won’t be left with much money for the slot machines, as values of houses here average at £598,230. Other expensive coastal locations include Aldeburgh, Suffolk (£490,182) and Southwold, Suffolk (£434,618).

Average property values were highest in these ten seaside locations:

Seaside location July 2016 property value
Salcombe, Devon £598,230
Aldeburgh, Suffolk £490,182
Southwold, Suffolk £434,618
Lyme Regis, Dorset £402,634
Brighton, Sussex £368,782
North Berwick, Scotland £364,306
Port Isaac, Cornwall £356,962
Sidmouth, Devon £352,896
Woolacombe, Devon £347,507
Swanage, Dorset £330,901

On the other hand, cheaper seaside towns can be located in Scotland and Wales. Saltcoasts in Scotland has the lowest average property values of just £109,109.

The cheapest seaside towns were discovered to be:

Seaside location July 2016 property value
Saltcoats, Scotland £109,109
Blackpool, Lancashire £114,443
Blyth, Northumberland £120,775
Cleethorpes, Lincolnshire £126,331
Kilchattan Bay, Scotland £130, 846
Rhyl, Wales £134,577
Morecambe, Lancashire £136,063
Girvan, Scotland £138,094
Saltburn-by-the-sea, Yorkshire £140,396
Fairbourne, Wales £141,576

Regeneration

Lawrence Hall, spokesman for Zoopla, noted, ‘the big increase in the value of an average home in Margate follows large amounts of regeneration funding that the town has received in the past decade-with attractions such as the Turner Contemporary gallery and the Dreamland theme park.’[1]

‘If you’re considering investing in a beach front property, you should consider those resorts receiving Government investment-it does have a positive impact on property values,’ he added.[1]

[1] http://www.dailymail.co.uk/property/article-3700998/Margate-house-prices-rise-12-year-following-multi-million-pound-regeneration.html