Rise in house prices on the coast

Whitby, above, is named as the most expensive seaside town on the coast, and below, Scarborough which has seen a 102 per cent rise in house prices in the last ten years.

Whitby, above, is named as the most expensive seaside town on the coast, and below, Scarborough which has seen a 102 per cent rise in house prices in the last ten years.

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HOUSE prices on the coast soar as Whitby is named as the most expensive seaside town to buy a house in the North.

Figures collected from a survey of Land Registry data by Halifax found that house prices in Whitby have gone up 151 per cent in the last ten years.

Also seeing a dramatic rise was Scarborough where over the same decade house prices rose 102 per cent.

Whitby has been named the priciest coastal town in the north of England where the average cost of a property comes in at £211,484.

That compared to an average house price of £144,559 in Scarborough, up from £71,391 ten years earlier.

Nationally the average house price in seaside towns rose by 97 per cent, with Seaham in County Durham reporting the biggest rise of the decade of 183 per cent.

The research showed a marked North-South divide in seaside town house prices; all ten of the most expensive seaside towns nationally were on the south coast, with eight on the south west.

Martin Ellis, housing economist at Halifax, which conducted the research, said: “Seaside towns are still very popular places to live. They offer a unique lifestyle that for many can’t be matched elsewhere, with that all important sea view, together with a typically high quality of life and a healthy environment.

“However, seaside living often comes at a price. The majority of seaside towns in Wales, East Anglia and the South West have an average house price that is higher than the surrounding area. But, this is not always the case and good value properties can be found in many seaside towns in the South East and Yorkshire and the Humber, in particular.”

Salcombe in Devon, where the average house costs £528,920, and Sandbanks in Dorset, with an average price of £525,927, both top the list.

Blackpool features in the list of the ten least expensive seaside towns with an average house price of £104,747.

All ten least expensive seaside towns are in northern England.

Withernsea in East Yorkshire was named as the second least expensive in England, with prices averaging £92,356.

The least expensive town in the survey is Newbiggin-by-the-Sea in Northumberland with an average house price of £75,063.