Coastal property prices soar: where first-time buyers can still afford

If you’ve been priced out of the property market, there’s some encouraging news from the coast. While house prices are falling across most of the UK, a handful of seaside towns are bucking the trend — and some are still remarkably affordable.

Bootle in Merseyside is leading the way, with house prices jumping 11% in just one year to an average of £141,680. That’s well below the national average of £378,304, making it one of the few places where first-time buyers can still get on the property ladder without stretching themselves to breaking point. Crosby, also in the North West, saw prices rise 9% to £330,900, while Welsh coastal towns like Penarth and Llantwit Major experienced 8% growth.

The good news is that nine out of the top ten fastest-growing coastal locations still cost less than the national average. In fact, more than 80% of the 100+ coastal towns analysed by Rightmove have prices below the UK average. This gives buyers genuine choice depending on their budget.

But why are these seaside towns suddenly attractive? Part of the appeal is the buy-to-let market — investors are snapping up properties, particularly in places like Bootle, which is also set to benefit from major redevelopment including Everton’s new stadium. Coastal living appeals to many buyers seeking a better quality of life, especially as remote working becomes more common.

If you’re considering a move to the coast, now might be the time. These growing areas suggest confidence in future house price appreciation, which could work in your favour long-term. However, don’t rush: check that local job prospects and amenities match your needs. Rising prices can also make it harder to move quickly if circumstances change.

Before you buy, speak to a mortgage broker to understand what you can afford and get a proper survey done. Property portal Rightmove has full listings and price guides for these areas — use them to research thoroughly before making your move.