Cost of a UK home by the sea soars by more than £22,000

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Homes on the coast have long attracted a premium price, and this was no different in 2021, with the move towards working from home being an ongoing influence on where people choose to live Russell Galley, Halifax Last year’s price gains mean properties by the sea have soared by 50% or £95,599 over the past decade, with a 27% leap in the past five years. “Whether it’s a lifestyle sought, the scenery or the sea air, when it comes to buying homes, we really do love to be beside the seaside.” Millport, on the Isle of Cumbrae in North Ayrshire, Scotland – the study’s least expensive seaside town in 2020 – has seen the biggest increase in average prices of any coastal town over the past year, up by more than half from £74,148 to £113,292. Over the past decade, Margate in the South East has seen the biggest average price rise of any seaside town, with prices jumping by 98% or £139,814, from £142,920 to £282,734. Kingsbridge, Devon, South West, £464,858 Here are Britain’s least expensive seaside towns according to Halifax, with the average house price: 1.