Price of a sea-view home surges by 27% – which coastal location commands the biggest sea-view premium?
The average asking price of a home with a sea-view has increased by 27% since 2019, outpacing the national average (22%), new data shows.
A sea-view property in the UK now commands an asking price of £298,810 on average, up from £235,635 in 2019, Rightmove says.
The region with the highest growth in asking price among sea-view homes is the south east of England, where the average asking price for these properties is £416,375, up 24% since 2019.
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Meanwhile, the regions with the fastest asking price growth for homes with sea-views are the East Midlands and Yorkshire & The Humber, where prices have surged by over 50% in the last seven years.
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Colleen Babcock, property expert at Rightmove, said: “A sea-view has long been seen as one of the most desirable features a home can offer, and our latest analysis shows buyers are willing to pay a significant premium for one.”
She added that while the most sought-after coastal locations in the country still command high prices, there is strong growth in more affordable seaside areas, suggesting homes with sea-views are becoming “increasingly valuable across the wider market”.
Which regions are seeing the strongest price growth for sea-view homes?
The East Midlands has seen the largest surge in asking prices for homes with sea-views, as prices have risen by 55% since 2019.
The region’s seaside towns include Skegness, Mablethorpe, and Cleethorpes.
The average home that overlooks the ocean in the region commands an average asking price of £352,789 today, up from £228,083 in 2019.
Yorkshire and the Humber is in close second place for strong asking price growth among sea-view properties. The average asking price for a sea-view home in the region has soared by 53% in the last seven years from £160,771 to £245,119.
The region includes popular seaside locations like Scarborough, Whitby, Bridlington and Redcar.
While these regions have seen strong growth, performance is not the same across the country.
Sea-view homes in Scotland have seen their average asking price rise by just 4% since 2019, increasing from £159,938 to £166,068.
Although sea-view homes in the South East command the highest asking prices overall of £416,375, growth has been slower than most regions of the country, increasing by just 16% in the last seven years.
|
Region |
Average asking price 2019 |
Average asking price 2026 |
Change |
|
East Midlands |
£228,083 |
£352,789 |
55% |
|
Yorkshire & The Humber |
£160,771 |
£245,119 |
53% |
|
Great Britain |
£235,635 |
£298,810 |
27% |
|
Wales |
£235,950 |
£298,262 |
26% |
|
North East |
£181,303 |
£228,554 |
26% |
|
South West |
£321,537 |
£398,764 |
24% |
|
North West |
£184,441 |
£228,046 |
24% |
|
East of England |
£289,371 |
£355,319 |
23% |
|
South East |
£359,319 |
£416,375 |
16% |
|
Scotland |
£159,938 |
£166,068 |
4% |
Source: Rightmove, 29 July
The towns where the sea-view premium is highest
The coastal town which has been the biggest beneficiary of surging asking prices for homes with a sea-view is West Mersea in Essex.
Homes in the seaside town command a sea-view premium of £222,294. Average asking prices in the town are £433,185 but surge by 51% to £655,479 when you can see the sea from your window.
The second-highest premium in the country can be found in Frinton-on-Sea, also in Essex, where there is a £130,699 (36%) difference between the average asking price in the town and the average asking price for a home with a sea-view.
The table below shows the top 10 locations with the largest sea-view premiums.
|
Location |
Average coastal asking price |
Average sea-view asking price |
Difference |
Premium |
|
West Mersea, Essex |
£433,185 |
£655,479 |
£222,294 |
51% |
|
Frinton-on-Sea, Essex |
£361,645 |
£492,344 |
£130,699 |
36% |
|
Broadstairs, Kent |
£399,337 |
£528,280 |
£128,943 |
32% |
|
Littlehampton, West Sussex |
£381,117 |
£501,813 |
£120,696 |
32% |
|
Newquay, Cornwall |
£334,291 |
£430,284 |
£95,993 |
29% |
|
Exmouth, Devon |
£352,044 |
£448,513 |
£96,469 |
27% |
|
Worthing, West Sussex |
£370,021 |
£469,283 |
£99,262 |
27% |
|
Ryde, Isle of Wight |
£284,514 |
£354,587 |
£70,073 |
25% |
|
Penzance, Cornwall |
£333,104 |
£402,657 |
£69,553 |
21% |
|
Boscombe, Dorset |
£285,939 |
£343,408 |
£57,469 |
20% |
Source: 29 July
