Two Dorset towns among UK's most expensive coastal housing locations

Sandbanks and Lyme Regis are on the Lloyds Bank list

Author: Faye TryhornPublished 22nd May 2024

Sandbanks remains the second most expensive coastal location to buy a house in the UK.

Data from Lloyds Bank shows the average property costs more than £957,000 - beaten only by Salcombe in Devon.

Lyme Regis also made the list in seventh - it'll set you back around £533,000 on average for a home there.

Amanda Bryden, Head of Mortgages, Lloyds Bank said:

“Sea views, sandy beaches, brisk morning dips – it’s easy to see why coastal living is so desirable. Our data shows the most sought-after coastal locations in the country can attract average price tags of close to a million pounds – with in demand properties often going for much more.

“These pricier areas can result in a lack of affordable homes for first-time buyers, a problem often exacerbated by high levels of second home ownership, meaning that many who have grown up in the area may find themselves priced out of owning their own home locally.

“There are more affordable places to call home by the sea, especially the further north you head. Those with a more adventurous streak may want to consider setting up home in Rothesay on the charming Isle of Bute, which will set buyers back around £100,000 on average.

“It’s also important to remember that in some coastal areas around Britain, the idyllic image of a seaside resort doesn't apply. Indeed there are specific socio-economic factors, often as a result of changing tourism habits, or the decline of other local industries, which can lead to higher levels of deprivation.”

Hear all the latest news from across the UK on the hour, every hour, on Greatest Hits Radio on DAB, at greatesthitsradio.co.uk, and on the Greatest Hits Radio app.