Where are the cheapest UK seaside towns to buy a holiday home?
A new study by Parkdean Resorts reveals the top 10 UK destinations to buy a seaside holiday home, analysing a range of key factors that equate to the perfect location for a holiday home.
Parkdean collated a 'Seaside Holiday Home Index' by analysing 64 UK seaside resorts based on on the average house price, population of over 65s, quality of healthcare, most popular locations, and ONS happiness score.
The Welsh city of Swansea ranks as the best and most affordable seaside town to buy a holiday home, with the average house price ranking the lowest at £146,657 and a Seaside Holiday Home Index score ranking the highest at 179. This city is best known for being the second-largest city in Wales and for its beautiful coastline views. Swansea also scores highly for its happiness rates, with an average score of 7.49/10.
Lytham St Annes scored as the second most affordable place to buy a holiday home, with the average house price standing at £147,244. This classic seaside resort on the coast of Lancashire offers a great social life for holidaymakers with locals scoring their happiness at an average of 7.44/10.
The third most affordable place to buy a holiday home this summer is the thriving seaside town of Aberystwyth, with the average house price coming in at £190,661. This town forms a cultural link between North Wales and South Wales and is famously known for its breathtaking sunsets. Locals scored their happiness in Aberystwyth at an average of 7.55/10 and it received a Seaside Holiday Home Index score of 161.
Edinburgh in Scotland ranks as the safest location to buy a holiday home in. With low crime rates, this city is famed for its New Year’s festival and comedy scene and ranked as the most secure place for people to purchase a second property.
SOURCE: Property Reporter