Ever dreamed of living by the sea but been put off by the potentially expensive price tag?
You may not be aware, but there are a lot of affordable UK coastal towns that are worth considering.
We’ll reveal the top eight most affordable places to live by the sea based on research by Zoopla.
Summary
Many peoplekeen to live by the sea may be deterred by potentially higher house prices.
Zoopla has revealedthe top eight cheapest places to live by the sea in the UK.
This is based on the joint income required to buy a property in these areas.
Contacta mortgage broker to help you find the best deal for your circ*mstances.
Zoopla has compiled a list of the cheapest places to live by the sea in the UK, which is based on the joint income required to buy a property in these areas.
The average couple spends 3.8 times their combined salary on a home, but for the areas below, you’ll spend (at most) 1.9 times your salary.
This 50% reduction in costs means it’s cheaper to get on the property ladder in these coastal locations.
We’ll now run through the most affordable coastal towns, which are ranked by the affordability ratio (how many times a couple’s joint annual salary goes into the price of a house in that local area).
The top eight cheapest coastal locations
| Area | Affordability ratio | Median home value | A couple’s average salary |
|---|---|---|---|
| Hartlepool, County Durham | 1.61 | £106,340 | £66,175 |
| Blyth, Northumberland | 1.67 | £116,195 | £69,612 |
| Seaham, County Durham | 1.67 | £109,370 | £65,438 |
| Maryport, Cumbria | 1.72 | £124,460 | £72,398 |
| Fleetwood, Lancashire | 1.84 | £133,145 | £72,398 |
| Whitehaven, Cumbria | 1.84 | £133,145 | £72,398 |
| Sunderland, Tyne & Wear | 1.9 | £117,870 | £62,171 |
| South Shields, Tyne & Wear | 1.9 | £121,730 | £64,050 |
Over half of the most affordable coastal towns are in the North East, specifically County Durham, Northumberland and Tyne & Wear.
The areas requiring the highest joint salary on average, £72,398, are located in Cumbria and Lancashire.
1. Hartlepool, County Durham
With an affordability ratio of only 1.61, Hartlepool tops the list as the cheapest place to live by the sea.
Properties in the seaside town have a median value of £106,340, which is the lowest on this list.
There’s a lot to do in Hartlepool, including exploring Teesmouth National Nature Reserve, Steetley Pier, Crimdon Dene Beach and the marina.
Hartlepool is only half an hour away from Sunderland and under an hour away from Newcastle by public transport.
2. Blyth, Northumberland
Next up is Blyth, with an affordability ratio of 1.67 and a median property value of £116,195.
Blyth features brightly coloured beach huts and has many attractions, including a working historic port, Ridley Park, a lighthouse and a beach.
The seaside town is less than an hour from Newcastle by public transport.
3. Seaham, County Durham
In joint second place is Seaham, with the same affordability ratio of 1.67 as Blyth.
However, the median property value and average joint salary needed to buy a property are slightly lower in comparison.
The harbour town has many family-friendly attractions such as North Beach, Harbour Marina and Dalton Park, the biggest outlet shopping centre in the North East.
Seaham is only 10 minutes from Sunderland and over an hour from Durham by public transport.
4. Maryport, Cumbria
Maryport has an affordability ratio of 1.72 and a median property value of £124,460.
Originally a small fishing village, Maryport has developed a lot since the 18th century. The harbour town boasts many attractions, including many museums, an aquarium and a fitness centre.
Maryport is also only a 20-minute drive from the Lake District National Park.
5. Fleetwood, Lancashire
Fleetwood is next on this list, with an affordability ratio of 1.84 and a median property value of £133,145.
The Victorian seaside resort has benefitted from a recent multi-million-pound renovation. Among the many attractions are Fleetwood Beach, a discount shopping village and an art deco theatre.
Fleetwood is around an hour from Blackpool by public transport and around an hour and 20 minutes away from Preston.
6. Whitehaven, Cumbria
Like Fleetwood, Whitehaven has an affordability ratio of 1.84 and a median property value of £133,145.
The town, which was once home to the third largest maritime port in the UK, features the beautiful Whitehaven Coast and is only a half-hour drive from the Lake District.
7. Sunderland, Tyne & Wear
Sunderland has an affordability ratio of 1.9 and a median property price of £117,870.
With family-friendly attractions such as parks, museums and beaches, there’s a lot to enjoy.
Newcastle is only a 25-minute journey by public transport and a 90-minute journey from York.
8. South Shields, Tyne & Wear
Only a 25-minute drive from Sunderland is South Shields, which has the same affordability ratio of 1.9 but a slightly higher median house price of £121,730.
The coastal town offers much to explore, including parks, beaches and Ocean Beach Pleasure Park.
South Shields is 40 minutes from Newcastle by public transport.
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