An expensive decade? Burnham house prices have risen by £505 a month for past ten years

Boats at the Quay for Burnham week

Boats at the Quay for Burnham week

First published in News

House prices are rising by £505 a month in Burnham, according to a major bank.

The annual Halifax Seaside Town Review said average prices have increased by £60,608 - or 36% - since 2004, taking them from £167,848 to £228,456.

It compares to the national average price of £196,826 for a seaside house.

Burnham ranks 109th out of 196 seaside towns for the percentage change over the last ten years.

Faye Sharon Percival-Hall is looking for a five bedroom home as her father will be living with her soon.

She said: “We are in Southminster, and have been house hunting for over two years.

“The last property we found that was suitable was over £470,000 which is a ridiculous price for a four bed property, just because it was in Burnham."

Comments (2)

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9:19am Thu 29 May 14

Opsiomath says...

To put this story into a bit of perspective, the survey also shows that:

• Average property prices in seaside towns across the UK have grown by 42% in the last 10 years while in Scottish coastal towns house prices have doubled
• Shock horror, Burnham house prices grow less than average! Which suggests a slight over supply for the town’s needs compared with demand..
To put this story into a bit of perspective, the survey also shows that: • Average property prices in seaside towns across the UK have grown by 42% in the last 10 years while in Scottish coastal towns house prices have doubled • Shock horror, Burnham house prices grow less than average! Which suggests a slight over supply for the town’s needs compared with demand.. Opsiomath
  • Score: 3

2:16pm Thu 5 Jun 14

fpercivalhall says...

Whilst I agree with the perspective that all seaside properties prices have increased we have been looking in the complete area of the dengie, including Tillingham, Southminster, Woodham Ferrers, Purleigh, Steeple, Asheldam etc... Whilst Burnham houses increase, the surrounding area also increases leaving families stuck renting at a higher cost than a morgage and 'dead' money which secures nothing for the families future. As one sided as a news article may appear, house prices in the entire area are climbing and wages do not match the hike.
Whilst I agree with the perspective that all seaside properties prices have increased we have been looking in the complete area of the dengie, including Tillingham, Southminster, Woodham Ferrers, Purleigh, Steeple, Asheldam etc... Whilst Burnham houses increase, the surrounding area also increases leaving families stuck renting at a higher cost than a morgage and 'dead' money which secures nothing for the families future. As one sided as a news article may appear, house prices in the entire area are climbing and wages do not match the hike. fpercivalhall
  • Score: 0

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