Sandbanks, the UK’s second most exclusive coastal property market

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Quickmove Properties has revealed which of Britain’s favorite seaside locations are home to the most exclusive coastal property markets, with house price premiums of up to 89% compared to the wider areas in which they are located.

They looked at property prices in 100 of Britain’s favorite seaside towns, looking at how they stack up against the broader local authority, before revealing the 32 most exclusive that command a house price premium.

Salcombe in Devon had the highest difference at 89%, while sandbanks he was in second place with 71%.

Specifically, the BH13 postcode has a median home price of £599,547, which is 71% higher than the broader average of £350,505 found in Bournemouth, Christchurch and Poole.

The average price of a house in Sandbanks is just under £600,000 (Image: News Search)

The 10 most exclusive coastal property markets in the UK for 2023

Research Fast moving properties had the 10 most exclusive locations in the real estate market as follows:

1. Salcombe, Devon – 89% higher (£739,455) than the overall average of £392,055

2. Sandbanks, Dorset: 71% higher (£599,547) than the broader average of £350,505

3. Padstow, Cornwall: 62% higher (£509,895) than the broader average of £314,387

4. Southwold, Suffolk – 56% higher (£495,372) than the broader average of £317,047

5. Aldeburgh, Suffolk – 54% higher (£488,224) than the broader average of £317,047

6. North Berwick, East Lothian – 38% higher (£409,067) than the broader average of £295,699

7. Porthcawl, Bridgend – 34% higher (£275,538) than the broader average of £204,956

8. Abersoch, Gwynedd – 26% higher (£252,786) than the broader average of £201,298

9. Seahouses, Northumberland – 24% higher (£244,340) than the broader average of £196,671

10. Fowey, Cornwall: 24% higher (£388,727) than the broader average of £314,387

Mark O’Dwyer, director of sales for Fast moving propertiesHe said of the research: “As an island nation, we love being by the sea, but in the country’s most desirable coastal locations, properties command an often considerable premium price due to high demand and limited stock.

“Places like Salcombe, the sandbanks and Padstow are among some of the most exclusive and commanding prices, not unlike London’s popular neighborhoods.

“Even those at the more affordable end of the scale command a premium compared to the broader cost of shopping in their given locations.

“For most homebuyers, this means the prospect of a beachside property is out of reach, but for those looking to downsize in their later years, there is a more affordable option that allows for a more affordable style.” coastal living without compromise.

“Many modern park house developments are located on former holiday parks, in some of the best coastal locations in the country. Park house residents often describe the lifestyle as being on vacation every day. These style properties bungalow provide a much more affordable option compared to the brick and mortar market.”