Lymington property prices make it fifth most expensive seaside location in the country
Annual review reveals Lymington amongst Sandbanks, Salcombe and Padstow
According to the Halifax Seaside Town Review, the average price of property in Lymington is £426,112, whilst the UK's most expensive coastal houses are (unsurprisingly) in Sandbanks (£664,655). Eight of the top 10 most expensive seaside towns were in south-west England.
Halifax found that average house prices on the coast have gone up by £440 a month over the past ten years. On average property prices have increased by 32 per cent from £166,565 in 2006 to £219,386 in 2016. Halifax used house price figures from the Land Registry and the Registers of Scotland for the report, covering 196 seaside towns across Britain.
The 10 most expensive seaside towns in Britain, according to Halifax:
- Sandbanks, Dorset, £664,655
- Salcombe, Devon, £539,950
- Padstow, Cornwall, £443,396
- Aldeburgh, Suffolk, £439,379
- Lymington, Hampshire, £426,112
- Dartmouth, Devon, £401,361
- Fowey, Cornwall, £379,003
- St Mawes, Cornwall, £373,746
- Wadebridge, Cornwall, £373,351
- Budleigh Salterton, Devon, £360,984
The least expensive was Scotland's Port Bannatyne on the Isle of Bute, where the average house price is £77,132. In fact, Scotland dominated the list of least expensive seaside towns. About eight properties could be bought in Port Bannatyne for the price of an average home in Sandbanks.