Beautiful seaside town named one of UK’s cheapest coastal gems with £194k homes

Staff
By Staff

A stunning seaside town that has turned its reputation around and is experiencing a ‘second wind’ of tourism has been crowned the cheapest coastal resort in England

An aerial view of the seafront at Morecambe in Lancashire, UK
Who says moving to the coast has to break the bank?(Image: Getty Images)

Moving to the coast doesn’t have to cost a fortune, especially in this charming seaside town. Demand for coastal properties has spiked by a staggering 115 per cent compared to pre-pandemic levels, with swathes of Brits ready to ditch the city for a more laid-back life filled with golden sands and fish and chips. However, the sudden demand combined with limited availability has led to house prices skyrocketing in certain areas.

Take Sandbanks, for example – a stunning neighbourhood in Poole, Dorset with crystal-clear waters, golden beaches, that’s become somewhat of an A-list magnet in recent years. Here, average house properties cost a whopping £965,708 – more than triple the national average.

READ MORE: Huge boost for ‘declining’ UK seaside town as abandoned pier to get £13m refurb

Lighthouse and cafe at the end of the stone jetty. View looking back towards the town of Morecambe on the coast of Northwest England.
The charming town was crowned the cheapest coastal resort in England(Image: Getty Images)

If the near-million price tag is slightly out of budget, don’t worry – as the Co-Operative Bank has analysed recent data to find the most affordable UK coastal towns for both buying and renting. In England, Morecambe came out top, with average house prices at just £194,295.

“This Lancashire gem captures the essence of the English seaside, offering panoramic views over the seafront – as well as some of the most affordable house prices in the country,” the bank said. “The average house price here is actually lower than in Oban at £194,295, working out as 7.44 times the average annual income.

“However, rent prices in Morecambe are slightly higher, at an average of £821 per month. That’s 37.7 per cent of the average monthly income.”

MORECAMBE, ENGLAND - OCTOBER 21:  Guest houses line the sea front on October 21, 2009 in Morecambe, England. The seaside resort of Morecambe has invested around GBP 70 million in regenerating it's promenade and sea front with the privately funded and succesful flagship Midland Hotel leading the project.  For many of the towns traders and businesses though the failed hot summer predicted by weather forecasters has left them just breaking even or having to close.  (Photo by Christopher Furlong/Getty Images)
Average house prices in Morecambe are below £200,000(Image: Getty Images)

Top 20 seaside locations in UK – full list

  1. Oban
  2. Morecambe
  3. Blackpool
  4. Troon
  5. Filey
  6. Scarborough
  7. Whitby
  8. Southport
  9. Sunbar
  10. Swansea
  11. Portsmouth
  12. Torquay
  13. Eastbourne
  14. Weymouth
  15. Hastings
  16. Ramsgate
  17. Deal
  18. Aberystwyth
  19. Margate
  20. Newquay

Boasting five miles of soft golden sand and an award-winning seafront promenade that looks out onto the stunning Lakeland Fells, Morecambe was once branded one of the worst seaside towns in the country. Now, it hopes to take on the hyped-up coastal resorts of Cornwall and bring its glory days back.

“Morecambe offers you the chance to enjoy the many pleasures of the seaside, whether it’s flying kites, building sandcastles or enjoying the views across the bay,” Hails Visit Lancashire. “Stroll along Morecambe’s promenade with an ice cream or have fun seeing it on two wheels, before grabbing a picnic and heading on down to the beach for a spot of sandcastle making or kite flying.”

The SHIP sculpture by artist Anna Gillespie in Half Moon Bay, Heysham in Morecambe Bay. Photo by Colin Lane
Stunning sculptures are scattered around the town(Image: Colin Lane/Liverpool Echo)

Must-see attractions include the TERN project, which features a series of sculptures situated along Morecambe’s seafront – from steel cormorants, gannets and razorbills to the statue of Eric Morecambe, which was unveiled by the late Queen in 1999. The Art Deco Midland Hotel has also undergone restoration in recent years – making it one of the town’s most impressive structures.

Featuring four modern 30s-inspired rooms, six rooftop suites, a top-notch restaurant and ultra-stylish bar, Midland is a great base for exploring Morecambe, or for splurging out on a fancy afternoon tea while soaking in the views. Prices start from £145 per night.

*Prices based on Booking.com listings at the time of writing.

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