If you’re buying your first house, you might wonder where the best spots are and how much you can get for your money.
Blackpool and Fleetwood are among the top 10 cheapest seaside towns in Britain, new analysis from Rightmove shows.
The research shows that “demand for coastal homes remains resilient” and it doesn’t mean living by the sea has to break the bank.
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Colleen Babcock, Rightmove’s property expert, said: “The fastest-growing seaside markets this year show that demand for coastal homes remains resilient, even as overall price growth across the UK stays more modest.
“While some locations are seeing strong price increases, there are still many areas where living by the sea is more affordable, giving buyers a wider range of options depending on their budget.
“We’re also seeing that homes priced realistically continue to attract interest, particularly in locations where price growth is being supported by buyer demand.”
Blackpool was named the 5th most affordable coastal town in the UK, with an average asking price for homes being £142,277.
Fleetwood is slightly more expensive, coming in at 6th place with the average house prices in the town at £147,910.
The UK average price of a property coming to the market in May was £378,304, according to Rightmove.
Average asking prices are currently 0.3% lower in Britain compared with last year, showing how some seaside locations are defying the dip and outpacing the nationwide market.
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Despite this, Rightmove said coastal living remains relatively affordable compared with other parts of the country.
Of the roughly 100 seaside areas analysed, where at least 20 new homes were coming to the market, around 80% had an average asking price below the national figure.
The cheapest seaside town is Peterlee in County Durham, with properties there selling for £120,657 on average.
Grimsby in Lincolnshire is the second cheapest (£133,706 on average), while Ashington in Northumberland takes the 3rd spot (£133,775 on average).
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Sandbanks in Poole remains Britain’s most expensive seaside hotspot with an average price tag of £1.12 million for a home.
It’s followed by Canford Cliffs in Dorset in 2nd place with an average house price of £1,045,533, while Lymington in Hampshire has an average price tag of £545,926 and sits in 3rd place.
What is your favourite coastal town in the UK? Tell us in the comments below.