"From the dramatic cliffs of Rhossili to the sweeping sands of Bamburgh and Kingsbarns, proximity to a top beach is a powerful lifestyle driver and in property terms, that demand translates to value"
- Adam Day - eXp UK
New research from eXp UK reveals that buyers hoping to live near Britain’s top beaches face an average property premium close to 20%, which equates to over £46,000 more than prices in the wider local area.
The study examined house prices in postcode districts around 18 of the country’s most highly regarded beaches and compared them with the average price across each beach’s wider local authority.
It found that the average property price in these prime coastal postcodes is £279,105, which is £46,096 or 19.8% higher than the broader local authority average of £233,009.
Kingsbarns Beach in Fife (pictured) ranks highest, with homes in the KY16 postcode commanding a 117.4% premium. Property prices there average £367,805, which is £198,603 above the wider Fife average of £169,202.
Rhossili Bay in Swansea follows, with an 84.9% premium. Homes in the SA3 postcode cost £379,536 on average, £174,290 more than Swansea’s overall average.
Other notable premiums include Bamburgh Castle Beach in Northumberland at 67.2% (£136,851), Formby in Sefton at 64.7% (£139,821), and Kynance Cove in Cornwall at 58.9% (£167,601).
At the lower end of the spectrum, premiums are smaller in places such as Woolacombe in North Devon (4.5%) and Achmelvich Bay in the Scottish Highlands (3.4%).
Some coastal areas offer prices below the wider local average. West Wittering in Chichester has a slight discount of 1.2%, while homes near St Bees Beach in Cumbria are 5.2% more affordable than the surrounding region. The largest beachside bargains are found in Blackpool (-24.4%), Filey (-27.5%), and Scarborough’s South Bay (-33.7%).
“Britain’s beaches are among the best in the world and it’s no surprise that homes near the most desirable stretches of coastline carry a hefty house price premium," comments Adam Day, head of eXp UK and Europe. "From the dramatic cliffs of Rhossili to the sweeping sands of Bamburgh and Kingsbarns, proximity to a top beach is a powerful lifestyle driver and in property terms, that demand translates to value."
"However, not every beachside location comes at a premium, and savvy buyers willing to explore lesser-known coastal towns can still find excellent value by the sea.”
