Profit from living by the sea
AFEW days of sunshine is all it takes to start Londoners pining for a home on the coast — with the peeling grandeur of a Victorian seaside resort gaining extra appeal when determined commuters discover the prices of local homes set against those in the capital.
A league table of the best-performing seaside locations within an hour and a quarter’s commute of central London, published today by Halifax, is dominated by locations long abandoned by holidaymakers.
Discount Brighton in East Sussex, which has pushed itself into a league of its own. The most expensive coastal commuter location in the table, it has seen price growth of 59 per cent in 10 years, with the average cost of a home soaring to just below £375,000.
The popularity of a beach-side lifestyle has thrust nearby Shoreham-bySea in West Sussex to the top of the table in terms of percentage growth, with prices up 70 per cent in 10 years to an average of £373,056.
The classic Essex day-trip destinations of Leigh-on-Sea, Southend-on-Sea and Burnham-on-Crouch come in third, fourth and fifth respectively. Leigh-onSea, increasingly trendy thanks to its VISIT homesandproperty.co.uk/ rules for details of our usual promotion rules. When you respond to promotions, offers or competitions, the London Evening Standard and its sister companies may contact you with relevant offers and services that may be of interest. Please give your mobile number and/or email address if you would like to receive such offers by text or email. independent shops and cafés, has seen prices up 53 per cent to £337,503. In Southend, slowly shaking off its B&B and funfair vibe, prices rose 43 per cent to just over £255,000, and in Burnham they’re up 38 per cent to £296,000.
All these locations have seen increases significantly above the 25 per cent UK average for seaside towns. Martin Ellis, Halifax housing economist, says: “Being by the seaside does come at a price — with the marked increase in prices reflecting demand.”
Find Ruth Bloomfield’s full story at homesandproperty.co.uk
£464,999: a refurbished period three-bedroom penthouse with spectacular views over Royal Harbour in Ramsgate, Kent. Available through Miles & Barr (01227 917096)
Just busy enough: a sunny weekend at Leigh-on-Sea in Essex, a classic destination for London day-trippers
£240,000: a two-bedroom flat at Emerald Quay, Shoreham-by-Sea. Through Jacobs Steel (01273 839113)