Time to invest in a seaside home? Zoopla reveals Britain’s top coastal property hotspots for 2017, which also include Penzance, Margate and Clacton-on-Sea.

What’s the latest?

Coastal haven Broadstairs – Charles Dickens’ favourite holiday destination in the 1850s and 60s – has overtaken neighbouring Margate to be crowned Britain’s top seaside property hotspot for 2017.

As England enjoys heatwave conditions, Zoopla has released its seaside property league which ranks Broadstairs in first place in terms of property price growth. Homes in the Kentish seaside town have soared 10.45% in value over the past 12 months, the research found.

Margate, which topped Zoopla’s league last year, dropped to 5th place after seeing a 6.86% rise in property value since June 2016. The average property value at Margate, with its sandy beaches, café culture and retro shops, sits at £217,988, compared to Broadstairs’ £313,813.

For those happy to part with over £500,000 to secure a decent seaside view, it would pay to look at Salcombe in Devon, where the average property value is £635,435 – an increase of £13,156 in the last year.

This figure has placed the English Riviera location at the top of Zoopla’s table of highest value seaside towns, ahead of Aldeburgh in Suffolk (average value £517,517), Southwold, also in Suffolk (£455,983) and Lyme Regis in Dorset (£417,562).

For those curious about property values in Port Isaac, the beautiful Cornwall location which doubles as a backdrop for long-running television drama 'Doc Martin', the average property in the fishing village is £388,620.For £650,000, you could wake up to this view from a four-bedroom detached home, being sold in Sidmouth, Devon 

Why is this happening?

Fans of Broadstairs attest to it being a ‘lovely seaside town’. One regular visitor told Zoopla: “It's full of quaint pubs and has a sandy beach, which is uncommon for England. There's loads of restaurants, lots of history and general all-round family feel to it.”

Lawrence Hall, spokesperson for Zoopla, said: “With Broadstairs’ Dickensian history and proximity to London, it’s easy to see why it tops the list of this year’s best performing seaside hotspots.”

Broadstairs is close enough to the capital, at around a one-and-a-half-hour train journey into London St Pancras.

Many hotspots listed by Zoopla have also undergone major investment through regeneration projects, in aid of residents and tourists.

Who does it affect?

Blyth in Northumberland, a well-known coastal filming location for television drama Vera, bucked the trend as the only location in northern England to make the top 10. Its harbour, which has golden sand beach huts, is dominated by striking wind turbines which generate electricity for the National Grid.

Average property prices in the former shipbuilding town rose by 5.64% since June 2016 to £130,556.

But southern England continued to dominate the rankings, with Walton-on-the-Naze (2nd), Sidmouth (3rd) and Penzance (4th) enjoying average property price increases of 9.43%, 7.51% and 6.99% respectively.

Interestingly, a whopping eight coastal hotspots were new entries in the league: Broadstairs, Sidmouth, Penzance, Falmouth, Clacton-on-Sea, Blyth, Newquay and Southend-on-Sea.This detached house with views of the sea, and along the west Dorset coastline, is being sold for £565,000 in Lyme Regis

At the other end of the scale, however, Zoopla’s data revealed that the sandy white beaches of Cruden Bay and picturesque village of Collieston, both in Aberdeenshire, failed to secure a rise in ranks.

With average property price drops of 4.79%, both were placed at the bottom of the league.

Sounds interesting. What’s the background?

Zoopla analysed average property price changes in 117 coastal locations across Britain since its seaside property league was last published, in July 2016, to reveal the top hotspots.

Lawrence Hall said it was ‘a positive’ to see that eight of the top 10 towns are new entrants in the league.

He added: “The likes of Blyth and Southend-on-Sea have enjoyed multi-million-pound investments recently, helping to increase their desirability.”

For example, in March this year, Southend-on-Sea borough council gave the go-ahead to transform a vacant unit on the seafront into a cultural venue and café. The work complements plans to revamp the pier entrance, to further boost tourism in the area.

Other new entries such as Clacton-on-Sea, Newquay and Penzance will also benefit from further investment, starting soon, with large regeneration, new housing and tourism projects in the pipeline. For sale in Salcombe, Devon, is this £750,000 two-bedroom apartment

Top 3 takeaways

  • Broadstairs tops Zoopla’s seaside property league after property prices rose by 10.45% in the last year
  • Salcombe in Devon continues to be the most expensive seaside location, with average property prices checking in at £635,435
  • Aberdeenshire’s Collieston and Cruden Bay were placed at the bottom of the league after experiencing property price drops of 4.79%

Zoopla Seaside Property League: Top 10 (2017)

Ranking

Seaside Town

Change in Property Value Since June 2016 (%)

June 2017 Average Property Value

 

2016 Ranking

1

Broadstairs, Kent

10.45

£313,813

New entry

2

Walton-On-The-Naze, Essex

9.43

£231,410

3

3

Sidmouth, Devon

7.51

£388,331

New entry

4

Penzance, Cornwall

6.99

£262,089

New entry

5

Margate, Kent

6.86

£217,988

1

6

Falmouth, Cornwall

6.49

£338,756

New entry

7

Clacton-On-Sea, Essex

5.88

£218,125

New entry

8

Blyth, Northumberland

5.64

£130,566

New entry

9

Newquay, Cornwall

5.12

£257,182

New entry

10

Southend-On-Sea, Essex

4.89

£288,424

New entry

Source, Zoopla June 2017

 

Highest value seaside towns:

Ranking

Seaside Town

June 2017 Average Property Value

2016 Ranking

1

Salcombe, Devon

£635,435

1

2

Aldeburgh, Suffolk

£517,517

2

3

Southwold, Suffolk

£455,983

3

4

Lyme Regis, Dorset

£417,562

4

5

Port Isaac, Cornwall

£388,620

7

6

Sidmouth, Devon

£388,331

8

7

Brighton, East Sussex

£378,495

5

8

Woolacombe, Devon

£361,880

9

9

North Berwick, East Lothian

£361,540

6

10

Swanage, Dorset

£361,046

10

Source, Zoopla June 2017

You might also be interested in...

Do you agree with Zoopla's ranking of seaside towns in its property league? Tell us by posting a comment below...

* DISQUS *
comments powered by Disqus