The coastal town of Salcombe has toppled Sandbanks as Britain’s priciest seaside location to buy a home on average in 2022, analysis suggests.
Located within an area of outstanding natural beauty, Salcombe in Devon swapped places with Sandbanks in Dorset, which was previously named by Halifax as the priciest seaside spot. The bank analysed house price data for the 12 months to December 2022 to make the findings, looking at 209 coastal locations in total.
It found the average house price in Salcombe last year was just over £1.2 million. As well as attracting ramblers, Salcombe’s estuary location also makes it a popular place for activities on the water. At the other end of the spectrum, Greenock in Inverclyde, Scotland, was found to have the lowest average house price of the seaside locations analysed, at £97,608.
