The Welsh seaside towns on list of hot properties
PORTHCAWL and Llandudno feature in the Top 10 for property price increases among Britain’s seaside towns.
While Margate has been named as the top hotspot, Porthcawl, in South Wales, and Llandudno, in the north, were fifth and sixth on the list repectively.
The average property in Margate sits at £202,276 - a 12.5% increase since July 2015, according to property website Zoopla.
The South East coast generally has seen substantial property value increases in the last year, with seven of the top 10 seaside climbers located along this shoreline.
Joining Margate in the seaside property league’s top 10 list of hotspots were Walton-on-the-Naze, Felixstowe, Ramsgate, Hastings, Hayling Island, near Portsmouth and Southend-on-Sea.
The South West coastline was home to many of the weakest-performing seaside towns in terms of house prices. Two of Devon’s popular holiday hotspots, Ilfracombe and Woolacombe featured in the bottom 10 alongside Looe and Perranporth in Cornwall.
When it comes to the most expensive seaside properties, Salcombe in Devon boasts the priciest sea views with average property prices rolling in at £598,230.
Buyers looking for a cheaper seaside retreat may want to head to areas of Scotland or Wales.
Saltcoats in Scotland offers the lowest seaside property values, with the average home worth £109,109.
Rhyl in North Wales came in sixth place on the list of seaside towns with the lowest property values. The average property in Rhyl is valued at £134,577 by Zoopla.
The Lancashire coastline may also be worth a look, with properties in Blackpool and Morecambe also on the list of the least expensive seaside properties.
Lawrence Hall, a spokesman for Zoopla, said the big increase in the value of an average home in Margate follows large amounts of regeneration funding that the town has received in the past decade - with attractions such as the Turner Contemporary gallery and the Dreamland theme park.
Mr Hall said: “If you’re considering investing in a beach front property, you should consider those resorts receiving government investment - it does have a positive impact on property values.”