Sandbanks and Canford Cliffs most expensive for seaside homes

Sandbanks has been revealed as the most expensive seaside area with an average asking price of £2,028,948.

Meanwhile, neighbouring Canford Cliffs has been named the second most costly with property prices of around £1,219,804.

New data from Rightmove published on June 21 has revealed the latest trends for people looking to live near the coast.

Four of the five most expensive locations for buyers were along the south coast in Dorset or Hampshire.

Milford-on-Sea in the New Forest was named the third most expensive seaside location at £764,859 with Barton-on-Sea placed fourth with an average asking price of £617,793.

Padstow in Cornwall took fifth spot with homes priced at an average of £616,578.

The data also showed Bournemouth is the most “in-demand” seaside area for buyers.

Rightmove’s property expert Tim Bannister said: “The significant increase in interest for coastal areas during the pandemic continues to influence many buyer and renter choices for where to live today, particularly with flexible working further away from traditional cities now more of an option for many people.”

An aerial view of Sandbanks by Stephen Bath (Image: Stephen Bath)

Sandbanks was again named most expensive in terms of the rental market with an average monthly rent of £2,732, followed by Canford Cliffs with a price of £2,568 Poole was named fifth most pricey with rents of £1,678.

Saltcoats in Ayrshire is the cheapest seaside location for buyers with an average asking price of £113,395, less than a third the Great Britain average of £372,812.

While Skegness in Lincolnshire is the cheapest for renters with an average rent of £659 a month.

Southampton was named as the most popular area with renters.

As reported earlier this year, a bungalow on Sandbanks sold for a staggering £13.5m.

With a floor space of 2,909 sq ft, the price worked out at £4,640 per sq ft.

Sandbanks became the most expensive place to live in the world, beating New York, London, and Hong Kong.