SANDBANKS is no longer the priciest seaside location to buy a home, new data has revealed.

Salcombe in Devon has been revealed as the most expensive seaside location in 2022 according to analysis by Halifax.

Sandbanks has claimed second place after previously taking the top spot.

The bank analysed house price data for the 12 months to December 2022 to make the findings, looking at 209 coastal locations in total.

It found the average house price in Salcombe last year was just over £1.2 million and £952,692 in Sandbanks.

Back in 2012, the average house price in Salcombe, at £558,538, less than half the typical 2022 value.

Meanwhile, Lymington took fifth place at £663,474.

Other locations featured in the top 10 included Aldeburgh in Suffolk, Padstow in Cornwall, Yarmouth on the Isle of Wight and Dartmouth in Devon.

Kingsbridge and Budleigh Salterton in Devon also featured along with Wadebridge in Cornwall. At the other end of the spectrum, Greenock in Inverclyde, Scotland, was found to have the lowest average house price of the seaside locations analysed, at £97,608.

Halifax’s study indicated that, in general, the cost of coastal homes across Britain has increased by 56 per cent between 2012 and 2022, from £195,509 to £304,460.

Britain’s most expensive locations to buy a seaside home out of the 209 locations analysed, according to Halifax, with the average house price (based on figures for the 12 months to December 2022):

1. Salcombe, Devon, South West, £1,244,025

2. Sandbanks, Dorset, South West, £952,692

3. Aldeburgh, Suffolk, East of England, £794,492

4. Padstow, Cornwall, South West, £790,847

5. Lymington, Hampshire, South East, £663,474

6. Yarmouth, Isle of Wight, South East, £611,816

7. Dartmouth, Devon, South West, £567,985

8. Kingsbridge, Devon, South West, £556,659

9. Wadebridge, Cornwall, South West, £548,669

10. Budleigh Salterton, Devon, South West, £537,681