Lymington among most expensive seaside towns in Britain, according to Halifax Seaside Town Review

LYMINGTON has been revealed as one of the most expensive seaside towns in Britain.

According to a study by Halifax, the average house price in the town is £565,790, putting it fourth on the list.

Sandbanks in Poole retains its title as most expensive, with an average price of £929,187, followed by Salcombe in Devon and Padstow in Cornwall.

The average British seaside home costs £287,087, up 8% on the previous year – according to the Seaside Town Review, which tracks house price movements in 191 seaside towns.

Nine out of 10 of the most expensive seaside towns are on England's southern coast.

At the other end of the scale, Scotland holds nine out of the 10 least expensive seaside towns; Campbeltown heads that list, with an average price of £91,201.

Newbiggin-by-the-Sea in Northumberland is the only non-Scottish entry in the top 10, seventh with an average price of £108,957.

Russell Galley, managing director at Halifax, said: “Our ongoing love affair with living by the sea shows few signs of abating. Homes on the coast have long attracted a premium price, and this was no different in 2021, with the move towards working from home being an ongoing influence is where people choose to live. The average seaside home cost £287,087, up 8% on the previous year.

“Whether it’s a lifestyle sought, the scenery or the sea air, when it comes to buying homes; we really do love to be beside the seaside. The biggest beneficiary of that desire last year was Millport on the Scottish island of Great Cumbrae, and over the last five years it was Port Bannatyne on the Isle of Bute.

“The seaside towns that attract the highest prices overall are dominated by locations across the south coast, with Sandbanks in Dorset taking the title of most expensive seaside town from last year’s winner, Salcombe in Devon. Both towns have average house prices of over £900,000.”

Most expensive (£)

Sandbanks 929,187

Salcombe 912,599

Padstow 588,090

Lymington 565,790

Aldeburgh 515,444

Fowey 491,042

Dartmouth 485,760

Lyme Regis 473,861

East Wittering 472,364

Kingsbridge 464,858

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Least expensive (£)

Campbeltown 91,201

Girvan 101,676

Greenock 103,496

Ardrossan 104,990

Saltcoats 105,505

Wick 105,686

Newbiggin 108,957

Port Bannatyne 111,717

Irvine 111,742

Millport 113,292