Buy to let property investors can have ‘Great Expectations’ for Broadstairs, the favourite seaside haunt of Charles Dickens.
The Kent coastal town has topped the list of seaside property investment hotspots according to property price website Zoopla.
Zoopla has ranked coastal towns by the average increase in property values over the past year.
The South and South-West of England fared very well in the table, taking nine out of the top ten slots for property price growth in seaside towns.
Broadstairs experienced bumper property price growth of 10.45 per cent over the year, reaching an average property price of £313,813. The neighbouring town of Margate also exhibited strong growth, in 5th place at 6.86 per cent.
Second spot in the table went to the seaside town of Walton-on-the-Naze in Essex. Price growth of 9.43 per cent was seen in the popular east coast town. Again, the nearby town of Clacton fared well in 7th place with 5.88 per cent, and Southend also made the list in 10th place with 4.89 per cent.
Sidmouth in Devon came highest for the West Country, in 3rd place with growth of 7.51 per cent. They were joined in the top ten by the Cornwall towns of Penzance, Falmouth and Newquay.
The only representative not from the south was Blyth in Northumberland who took 8th spot with growth of 5.64 per cent.
At the other end of the list, Aberdeenshire’s Collieston and Cruden Bay came bottom of the league, with average property prices falling by 4.79 per cent over the past 12 months. Whitby followed closely behind with a 4.49 per cent drop.
Seaside Town Property Growth Top Ten
- Broadstairs, Kent, 10.45%, £313,813
- Walton-on-the-Naze, Essex, 9.43%, £231,410
- Sidmouth, Devon, 7.51% £388,331
- Penzance, Cornwall, 6.99%, £262,089
- Margate, Kent, 6.86% £217,988
- Falmouth, Cornwall, 6.49% £338,756
- Clacton, Essex, 5.88% £218,125
- Blyth, Northumberland, 5.64% £130,566
- Newquay, Cornwall, 5.12%, £257,182
- Southend, Essex, 4.89% £288,424