Sandbanks remains Britain’s most expensive seaside location, with the average property commanding £965,708 – but prices have slipped slightly over the past year, according to new figures from Lloyds.
The research shows that although the exclusive Dorset peninsula retains its crown, values in Sandbanks have fallen 3% year-on-year, equating to a reduction of £33,595. Even so, it leads a coastal property market still dominated by high-end locations in the South West.
Salcombe in Devon ranks second, with average prices at £826,159, followed by Padstow in Cornwall (£715,974) and Aldeburgh in Suffolk (£619,693).
Coastal properties across Britain now average £295,991 – a 1% decline compared to last year. But over a five-year horizon, values are up 18% overall, and by 37% in premium locations. In St Mawes, Cornwall, prices have risen 68% in that period – the steepest increase of any seaside location – adding £222,602 to the average home.
Amanda Bryden, head of mortgages at Lloyds, said: “Coastal living continues to hold a special appeal – whether it’s the lure of sea views, sandy beaches, or a slower pace of life. Our latest research shows the most exclusive seaside spots – like Sandbanks – still command premium prices.”
She acknowledged that some areas have experienced modest declines, but said long-term trends remain favourable: “In some of the UK’s most desirable coastal towns, average prices have dipped slightly over the past year. But, over the longer term, values remain significantly higher – especially in the South West, where demand from lifestyle movers continues to shape the market.”
TOP FOR TRANSACTIONS
The coastal housing market as a whole generated around £21 billion in sales last year. Brighton recorded the highest aggregate value of transactions, with over £927 million in coastal property changing hands, followed by Plymouth (£810 million) and Poole (£802 million). Plymouth also saw the largest number of sales, with 3,258 transactions, ahead of Bournemouth (2,195) and Brighton (1,982).
At the other end of the spectrum, the most affordable coastal homes are almost exclusively found in Scotland. Campbeltown, on the Kintyre Peninsula, recorded the lowest average price at just £103,078 – down 11% year-on-year. Once known as the whisky capital of the world, Campbeltown offers dramatic seascapes and island connections at a fraction of southern prices.
Other Scottish locations topping the affordability chart include Rothesay (£111,764), Millport (£114,008) and Port Bannatyne (£115,421) – all situated along the Firth of Clyde. Outside Scotland, the cheapest coastal properties in England are in Newbiggin-by-the-Sea in Northumberland, while in Wales, Prestatyn ranks as the most affordable.
Bryden said that despite the prestige and price tags associated with towns like Sandbanks, opportunities still exist for buyers on tighter budgets. “At the other end of the scale, there are still pockets of real affordability – particularly in Scotland, where buyers can find coastal homes for a fraction of the price. For those willing to look beyond the traditional hotspots, there are some hidden gems offering great value and a strong sense of community.”
She added a note of caution: “It’s also important to recognise that not all coastal areas share the same fortunes. Some seaside towns face significant challenges, from seasonal economies to a lack of affordable housing for local people.”
