A Dorset location has been knocked off the top of a list of the UK’s most expensive seaside hotspots.

Sandbanks was previously the costliest area when buying a seaside house in the UK.
However, the latest figures from the Halifax Seaside Town Review show it has been bumped off the top by Salcombe.

Homes in the Devon town cost an average of more than £1.2m, with Sandbanks reaching £952,692, according to the data.

Aldeburgh, in Suffolk, makes up the top three with an average price tag of £794,492.
Across the UK, the average cost of a seaside home more than doubled between 2012 and 2022, rising by 56%. In Salcombe, the increase was 123% (from £558,538 to £1,244,025).

At the other end of the spectrum, the cheapest seaside homes are available in Greenock, Scotland, where properties cost an average of £97,608.

Nine of the top 10 cheapest locations are in Scotland, with only Newbiggin-by-the-Sea, in the north east of England, making the list from elsewhere.

Looking at growth, Yarmouth, on the Isle of Wight, showed the largest increase in 2022 compared to the previous year, with prices rising 53% to £611,816.

Kim Kinnaird, mortgages director at Halifax, said: “For many, owning a home by the sea is an aspiration, with coastal living offering beach walks, clean air and other health benefits.

“But this comes at a price in many locations. Second home ownership undoubtedly plays a role in driving up prices in the most desirable locations.

“While house prices in any location are driven by factors such as supply and demand and interest rates, there are also socio-economic factors at play. ”

The top 10 priciest seaside locations:
Salcombe, Devon: £1,244,025
Sandbanks, Dorset: £952,692
Aldeburgh, Suffolk: £794,492
Padstow, Cornwall: £790,847
Lymington, Hampshire: £663,474
Yarmouth, Isle of Wight: £611,816
Dartmouth, Devon: £567,985
Kingsbridge, Devon: £556,659
Wadebridge, Cornwall: £548,669
Budleigh Salterton, Devon: £537,681.