The stunning UK seaside metropolis the place property is £700k cheaper than Sandbanks | UK | News | EUROtoday

Sandbanks is a notoriously costly and unique place to dwell, though in line with Lloyds Bank, properties within the Dorset enclave have fallen 3% from a yr in the past. That nonetheless means the typical home value in Sandbanks stands at £965,708, whereas second on Lloyds’ record is Salcombe, Devon, the place common property costs have climbed to greater than £820,000. But with the typical value of a property on or close to the coast at £295,001, there are different locations to think about.

Although it is over 100 miles south west of Sandbanks, Plymouth is being seen as a fascinating and cheaper different to its Dorset neighbour. House costs within the Devon city are available in at a mean £248,668, in line with Lloyds

Plymouth noticed the second-highest mixed worth of coastal house purchases over the previous yr at £810million and the biggest variety of coastal space property transactions within the final 12 months at 3,258.

Heather Porter, a Plymouth property agent, informed This is Money: “Plymouth is a real gem for buyers, and I’m seeing strong interest across all price brackets.

“The distinctive mixture of gorgeous waterfront dwelling with real affordability in comparison with different coastal places places Plymouth firmly on the map.”

Andrew Hampton, a property consultant, told This is Money: “Plymouth has one thing actually particular about it.”

Amanda Bryden, head of mortgages, Lloyds, said coastal living continues to hold a special appeal.

She said: “Whether it’s the lure of sea views, sandy seashores, or a slower tempo of life. Our newest analysis exhibits essentially the most unique seaside spots – like Sandbanks – nonetheless command premium costs.

“In a number of the UK’s most fascinating coastal cities, common costs have dipped barely over the previous yr. But, over the long run, values stay considerably increased – particularly within the South West, the place demand from life-style movers continues to form the market.”