Sandbanks is Britain’s most expensive coastal location, with an average property price of £965,708, it has been revealed. The exclusive Dorset postcode in the South West is where Brits will find a seaside homethe most expensive to buy; nationally the average price of a home by the water is now £295,991.
Lloyds Bank research found that property prices around the UK’s coastline dipped by an average of 1%, or nearly £3,000, in the last 12 months.
In Sandbanks, homes fell by 3%, or £33,595, compared to last year.
Lloyds said, even so, Sandbanks remains firmly at the top of the coastal property league.
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 beaches, or a slower pace of life. Our latest research shows the most exclusive seaside spots – like Sandbanks – still command premium prices.
“In some of the UK’s most desirable coastal towns, average prices have dipped slightly over the past year. But, over the longer term, values remain significantly higher – especially in the South West, where demand from lifestyle movers continues to shape the market.”
According to Lloyds Sandbanks has three main selling points:
- Golden beaches: Sandbanks boasts some of the finest sandy beaches in the UK, with crystal-clear waters and excellent facilities for sunbathing, swimming, and water sports.
- Luxury living: It’s renowned for its high-end properties, featuring some of the most expensive homes in the country, attracting celebrities, entrepreneurs, and high-net-worth buyers.
- Dining and leisure: The peninsula is home to a variety of upscale restaurants, cafes and bars, providing a vibrant dining and nightlife scene.