Why it pays to buy beside the seaside
PRICES have more than doubled in the majority of seaside towns in the last decade.
According to the Halifax, average house prices rose by 128 per cent and growth in seven out of ten seaside towns exceeds the average rise of 118 per cent seen in the rest of England and Wales. The largest increase is in the Cornwall town of Wadebridge where the average price jumped by almost 270 per cent from just over £100,000 in 2001 to £370,902 in 2011. Whitby tops the Yorkshire coast league with a 153 per cent rise in the last ten years and it is fourth in a list of the most expensive seaside towns outside southern England with an average house price of £216,000. The least expensive town in the survey is Withernsea with an average house price of £99,153.