Sunny

Sunny

max temp: 1°C

min temp: -0°C

ESTD 1874 Search

Aldeburgh: Seaside haven among ‘most exclusive’ in country

08:15 24 May 2014

Visitors to Aldeburgh pose for photographs with the Scallop on the beach

Visitors to Aldeburgh pose for photographs with the Scallop on the beach

Archant

Already a haven for wealthy holiday makers, one of Suffolk’s premier resorts has cemented its place among the country’s most exclusive seaside towns.

Property prices in Aldeburgh have risen by a quarter in last five years, and almost doubled over the last decade, according to the Halifax.

It’s one of only two towns among the 10 most expensive not located in the south west corner of the country.

Property experts said they were not surprised by its high prices, with the market driven by wealthy buyers looking for idyllic holiday homes.

Peter Watson, of Suffolk estate agent Flick & Son, which has offices in Aldeburgh, Saxmundham, Southwold, Halesworth and Leiston, said: “There is always a very small housing stock compared to the number of people who want to buy.

“It’s always difficult to come up with an average, but the starting point for a cottage of the periphery of Aldeburgh is between £175,00 and £200,000.

“If you have the money to buy one of the more expensive properties, you can expect to pay as much as £2million.

“The seller’s expectations can often be slightly ahead of where the market is, but if the agent and owner are of a single mind, the property will walk out quite quickly.”

According to the Halifax, the most dramatic increases were in Scotland, with Fraserburgh, at the tip of Aberdeenshire, seeing a 141% rise in prices.

But, south of the border, Aldeburgh has seen the best performance, with average property values up 95% in a decade, to £446,576 in 2014.

Salcombe, in south Devon, led the way for average property values of £615,344, followed by Sandbanks, in Dorset, at £574,089.

The high prices in Aldeburgh are often paid by second homeowners and affluent visitors from London. Earlier in the week, this paper reported on the influence of Londoners on demand for “retail and leisure” offerings in towns like Southwold and Aldeburgh.

Mr Watson said: “The wider market is obviously being influenced by changes to mortgage lending, but not so much on the coast, where you’re generally dealing with second home owners.

“The viability of places like Aldeburgh relies on people having second homes and holiday homes.”

But, while Aldeburgh continues to dominate the top end of the market, not all seaside towns command high prices. Lowestoft is among the cheaper coastal towns in southern England in which to buy, with a three-bed terrace currently starting at about £75,000, compared to a similar property in Aldeburgh High Street on market at £499,000.

Sean Humfrey, of Jennie Jones estate agents, with offices in Aldeburgh, Southwold and Saxmundham, said: “One of the reasons for Aldeburgh’s staying power is actually its lack of available property. It’s a town with its back to the sea, so there is a limit to where new homes can be built.

“There will always be that balance of supply and demand, with more people wanting to move in than leave.”

1 comment

  • How many of these expensive properties are occupied during the off peak periods? A good hunting ground for the burglar alarm and security companies.

    Report this comment

    The original Victor Meldrew

    Sunday, May 25, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

Police officers on the beat.

A Suffolk boy is to appear before magistrates in Great Yarmouth in February after a robbery took place in the town earlier this month.

One of the East of England Ambulance Service NHS Trust's new ambulances, based on the Mercedes-Benz Sprinter 519 CDI model from Orwell Truck & Van.

Police, fire and ambulance crews are at the scene of a crash on the A140 in Suffolk this morning.

Felixstowe dock. Image: Matthew Clarke

One person, thought to be a crewman of a ship has died after steam built up in the boiler room of the Manhattan Bridge container vessel as it was docking at Felixstowe port last night – causing an “explosion”.

Shaun with Simon Milton (left) and Mick McCarthy.

Just months after former Suffolk footballer Shaun Whiter was left for dead after a horrific hit and run accident, he is set to take on a 150-mile cycling challenge.

Cathy Ryan will be running 3 marathons in 3 countries to raise money. She trains alongside her dog Bess.
Byline: Sonya Duncan
Copyright: Archant 2017

For many people, running a marathon is a once-in-a-lifetime achievement.

Knives collected from the Bin a Blade amnesty bins.

The number of people caught carrying a bladed weapon in Suffolk has risen to its highest level for six years.

Police sealed off Stone Street in Crowfield during the incident.

A 42-year-old man arrested following a two-day stand-off with police has been released on bail and will be taken into the care of health professionals.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24