Homes with direct seafront access are a third more expensive than comparable non-seafront properties, according to some end-of-Summer research by newly-branded estate agency Jackson-Stops.
Aldeburgh in Suffolk commands that highest seafront price premium of the 30 seaside locations looked at for this press release (using Zoopla data); homes with direct access to the water here are, on average, 89% more expensive than the wider town. Padstow in Cornwall (70%) and Torquay in Devon (69%) take the second and third spots.
Top 10 seaside locations with the largest seafront house price premium
|Average house price in the area for 3+ bed (£)(rounded to the nearest 1,000)||Average house price on the seafront for 3+ bed (£) (rounded to the nearest 1,000)||Premium (based on median house prices, not rounded)|
Seafront homes premium in all 30 seaside locations analysed by Jackson-Stops
|Area||Average house price in the area for 3+ bed (£) (rounded to the nearest 1,000)||Average house price on the seafront for 3+ bed (£) (rounded to the nearest 1,000)||Premium (based on median house prices, not rounded)|
Most popular seafront street in Aldeburgh is Crag Path
Most popular seafront streets in Torquay: Thatcher Avenue and Ilsham Marine Drive.
Most popular seafront streets in Whitby: Church Street, Henrietta Street and Sandgate.
|Hove, East Sussex||650,000||825,000||27%|
|Worthing, West Sussex||383,000||483,000||26%|
|Newton Ferrers, Devon||525,000||650,000||24%|
|St Ives, Cornwall*||458,000||561,000||23%|
Most popular seafront street in St Ives: Hain Walk.
|Brighton, East Sussex*||486,000||593,000||22%|
|Scarborough, North Yorkshire||188,000||230,000||22%|
|South of Chichester, West Sussex||364,000||438,000||20%|
East Strand and West Strand are the most popular streets in The Witterings.
|Weston-super-Mare, North Somerset||244,000||290,000||19%|
Most popular seafront streets in Deal: Marine Road, The Strand, Marine Parade and Beach Street.
|Budleigh Salterton, East Devon||425,000||469,000||10%|
Most popular seafront street: Fore Street Hill.
Most popular seafront streets: The Strand and Ferry Road.
|New Quay, Ceredigion||283,000||288,000||1%|
|Average seafront premium across all locations:||33%|
* Asterisked locations are in the World Travel Guide’s “12 of the best British Seaside Towns”
Nick Leeming, Chairman at Jackson-Stops: “Owning a sea-front home with uninterrupted waterside views or access to the beach has long been an aspiration for the British buyer. Whether it is someone’s full-time residence or a holiday home to enjoy during the summer months it is clear buyers are willing to go the extra mile to secure their dream home by the sea. From Aldeburgh in Suffolk to Blackpool in Lancashire, buyers are paying on average 33% more for the privilege of living on the front row, compared to how much they would pay for a property just one street further back.
“The lifestyle benefits associated with living by the seaside means that waterside homes will often generate a strong price premium, regardless of their distance from the beach. Sailing, surfing, swimming, and taking in the fresh sea air, are all favourite British past times for families and downsizers alike. Yet, there is something very special about being able to look out of your kitchen window or step outside your front door and be immediately greeted by sandy beaches and the rippling of the tide.”
Jonathan Penn, Director at Jackson-Stops’ Ipswich branch, on the appeal of seafront homes in Aldeburgh: “Properties on the seafront are extremely sought-after and will typically command a strong price premium. For example, we recently sold a four bedroom terraced property on the popular beachfront street Crag Path for in excess of its asking price of £1.5 million. Across three weeks we had 20 viewings, well above average, and offers from five interested parties, and it eventually went to best and final offer. Such interest just goes to show the strength of demand for front row properties in Aldeburgh.
“Aldeburgh itself is a renowned UK seaside hotspot and the residential property market is currently very strong, driven by a high demand from both holiday home buyers and those looking for a full-time residence. It has all the amenities holiday makers desire, such as the classic east coastline, pubs, restaurants, a tennis club, a golf club and a yacht club, but also all the essential facilities that make it a great self-contained place to live including supermarkets, a high street with a decent range of shops and its own hospital. The blend of aspirational lifestyle and practicality is what makes this town so popular.”
Some seafront properties