Seaside towns make good investments

Properties in seaside towns could prove to be good investments for landlords, according to new research.

A study from Halifax found that homes located near the sea are most affordable in the north of England.

However, seaside resorts are still more expensive to buy houses in than most inland areas of the UK.

Nevertheless, properties along the coast continue to prove extremely popular with buyers and tenants alike.

Whitehaven in Cumbria was named the most affordable seaside town, based on average house prices, followed by Withernsea in East Yorkshire and Maryport in Cumbria.

Nitesh Patel, housing economist at Halifax, said: "Property in many seaside towns continues to trade at a premium compared to England and Wales, due to the desire of many people to live near the coast.

"Living on the coast has many unique attractions, such as the climate, exceptional quality of life and the landscape."

One location landlords may avoid is Sandbanks in Dorset, which Halifax named the least affordable seaside town in Britain.

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