For home buyers, the appeal of village life and the siren call of the sea are attractive propositions in their own right. Taken together, they are a winning combination. Since the start of the pandemic, some of the most popular and in-demand places to live have been dotted along the UK coastline.
In coastal villages, the value of prime property has risen by an average of 26.2 per cent since March 2020, higher than the 16.4 per cent seen across the wider prime regional markets.
Unsurprisingly, our analysis shows the most expensive properties can be found in the South of England – Beaulieu, Itchenor and Rock all command prices of more than £1 million and values in each are at least three times the average for the county in which they sit.
While much of the coastline in the East of England is characterised by lower value industrial markets, Brancaster and Thorpeness in Norfolk and Suffolk respectively are good examples of more traditional coastal living and both command significant premiums.
More value can be found in the North of England but premiums to local areas still remain high. Bamburgh is the highest value with prices exceeding £550,000 – almost two and a half times more than Northumberland as a whole.
Here are the top two coastal villages by region by highest premium versus the county, where the second is in a different county to the first: