A Cornwall town has been ranked among the top five most expensive seaside locations in the UK for buyers, according to data from Rightmove.
Padstow, on the northeastern coast of the county, featured in fifth place on the list, with an average asking price of £616,578.
This was still far below Sandbanks in the number one spot, which had an incredible average asking price of £2,028,948.
The Rightmove's analysis reveals the latest trends by the coast, where homeowners and renters will be enjoying many warm summer days over the next couple of months.
Just another normal Tuesday in Padstow!
— Allen Cummings (@AllenCummings6) June 20, 2023
#❤Cornwall
#❤ Padstow pic.twitter.com/8PO6Tpab5G
Looking over the most expensive seaside locations was only one part of their research, as factors such as most/least expensive to rent, and search hotpots were also analysed.
Most expensive seaside locations for buyers
1. Sandbanks, Dorset - £2,028,948
2. Canford Cliffs, Dorset - £1,219,804
3. Milford On Sea, Hampshire - £764,859
4. Barton On Sea, Hampshire - £617,793
5. Padstow, Cornwall - £616,578
Cheapest seaside locations for buyers
1. Saltcoats, Ayrshire - £113,395
2. Girvan, Ayrshire - £121,269
3. Blackpool, Lancashire - £147,244
4. Fleetwood, Lancashire - £154,560
5. South Shields, Tyne And Wear - £162,261
Padstow's status as a popular tourist destination perhaps explains how it has become one of the most expensive UK seaside spots.
Its fine dining culture is another aspect that has contributed to that, with Rick Stein having several restaurants there, alongside highly-acclaimed establishments such as Paul Ainsworth at No.6.
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.”
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