Five seaside spots for investing in property
by Housesimple on 2nd February 2018
Over the past decade, house prices in British seaside towns have risen by more than 25%, though this increase has varied dramatically from coast to coast. Factors including nearby cities, local amenities and base prices all play their part in determining value. So if you’re buying for investment as much as pleasure, you’ll have to look beyond the fresh sea breeze and top-notch fish and chips when you make your decision.
Scottish coastal towns have seen impressive price growth in the past ten years. But it’s the fishing port of Fraserburgh that trumps all rivals, with its ten-year value increase of 95%. Average house prices still sit at £173,440, which suggests there’s room for more. There are plenty of other stunning Scottish investment opportunities around too, so you may want to widen your search to find something truly special.
If you prefer a quintessentially English property, you’ll struggle to find a better option than in Clevedon. Set among picturesque hills and with its very own pier, Clevedon has ultimate coastal appeal. House prices rose by 11.6% in 2017 and most properties are selling in under a month, so demand still looks healthy.
For city life by the coast and all the up-and-coming businesses that come with it, you might be tempted to opt for Brighton. First-time buyers have got it right though, increasingly seeking affordable alternatives – and Southampton fits the bill. Listed as one of the most affordable areas in the country by a recent Post Office survey, it offers all the amenities of richer rivals, plus plenty of headroom for price rises.
Devon has long been a haven for savvy seaside investors. Southbanks and Salcombe topped a Halifax list of expensive seaside towns last year and there are oodles of rural property hotspots inland. Identifying the next big thing can seem like a needle in a haystack, but the recent Village of the Year awards listed Beer as one of its main contenders.
Since January 2017, average prices here actually fell by 2.69% to just £184,141. So if you fancy gambling on prices bottoming out this could be the ideal punt. Located right next to the stunning Godrevy coastal park, Camborne is perfectly positioned to take advantage of the premium buyers place on national parks.