According to new analysis by Rightmove, these towns still have relatively affordable homes compared to many other areas.
Peterlee took the top spot as the cheapest seaside town, with average asking prices of £120,657, while Seaham secured the tenth place in the list with an average price of £157,994.
These figures are well below the UK’s May average market price of £378,304, suggesting that coastal living remains affordable in several parts of the country.
Rightmove’s analysis looked at around 100 seaside towns across Britain, and found that coastal towns still offered better value for money than other parts of the country.
Here are the top 10 cheapest seaside towns in Britain, with the average asking price:
1. Peterlee, County Durham, £120,657
2. Grimsby, Lincolnshire, £133,706
3. Ashington, Northumberland, £133,775
4. Bootle, Merseyside, £141,680
5. Blackpool, Lancashire, £142,277
6. Fleetwood, Lancashire, £147,910
7. Birkenhead, Merseyside, £148,942
8. Workington, Cumbria, £155,013
9. Ayr, Ayrshire, Scotland, £157,754
10. Seaham, County Durham, £157,994
In other parts of the analysis, seaside towns in Merseyside and Wales were named as coastal hotspots where house prices are rising the fastest, outpacing the wider UK market.
Bootle in Merseyside topped the chart with an 11 per cent increase in average asking prices, yet remained below the national average at £141,680.
Properties in Sandbanks, Poole commanded the highest average price tag at £1.12 million.
Rightmove’s property expert, Colleen Babcock, said: “The fastest-growing seaside markets this year show that demand for coastal homes remains resilient, even as overall price growth across the UK stays more modest.
“While some locations are seeing strong price increases, there are still many areas where living by the sea is more affordable, giving buyers a wider range of options depending on their budget.
“We’re also seeing that homes priced realistically continue to attract interest, particularly in locations where price growth is being supported by buyer demand.”
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