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New study shows Mumbles in Swansea is Britain’s top coastal price hotspot

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A new study from the UK’s biggest property website Rightmove has revealed that the scenic Welsh town of Mumbles is Britain’s top coastal price hotspot.

The quaint seaside town, nestled on the coast of Swansea Bay, has seen average asking prices rise by 47% since 2015, which is a bigger five-year increase than any coastal area in Britain.

Local agents report that the new seafront development Oyster Wharf, which boasts a variety of restaurants, coupled with outstanding beaches, has contributed to the rising prices.

The average asking price of a home in Mumbles is currently £344,832, which is £110,537 more expensive than five years ago.

This also means that asking prices in the Welsh town are over £22,000 more expensive than the national average of £322,025 and almost £130,000 more expensive than the Welsh average.

Mumbles (Image: Swansea Council)

Next up on the list of coastal price hotspots is Camber in East Sussex, and Fowey in Cornwall, which have both seen average asking prices rise by 45% over the past five years.

Places in Wales and the south of England dominate the top ten, with Sandilands in Lincolnshire the only coastal location representing a more northerly region.

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Rightmove’s data analysts also found that Sandbanks in Poole – one of the most exclusive enclaves in the country – remains the most expensive coastal location in Britain, with average asking prices of almost £1.2 million.

Furthermore, Seaford in East Sussex has emerged as the coastal town that’s seen the biggest spike in interest over the past 12 months.

Buyer searches for the south coast town have more than doubled (+104%) since this time last year.

Teignmouth in Devon (+99%) and Shoreham-by-Sea (+96%) are two other coastal areas that have seen a sharp rise in popularity.

Rightmove’s Director of Property Data Tim Bannister said: “Relocating to a coastal area is a dream move for many home-hunters and it’s safe to say that lockdown has intensified that desire to live beside the sea for many people.

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“Properties in seaside towns usually come at a premium, but what’s fascinating about this list of coastal price hotspots is that there’s a relatively wide range of price points. Mumbles has always been a popular destination among British holidaymakers and therefore it stands to reason that home-hunters would seek it out for their year-round fix of sand and sea.”

Agent’s views

Ben Davies, managing director at Belvoir Estate Agents in Mumbles, said: “As a former Victorian fishing village, Mumbles has definitely got its own identity. It’s a destination in its own right and we’ve always seen huge demand to live here.

“Mumbles is perched on the coast of Swansea Bay, just down the shoreline from Wales’ second city, so we’ve got easy access to all the amenities that a city has to offer without being a part of it.

“Our coastlines are spectacular as well, that’s a major draw for people, and Mumbles is the gateway to Gower, the first area in the UK to be designated an Area of Outstanding Natural Beauty. The beaches are just walking distance away and the vibe of the town is really special.

“Mumbles has seen lots of development in recent years, too. Oyster Wharf is a shining new development which has created a Mediterranean style plaza fronting onto the seafront. However, the town has still retained its charm and you’ll find lots of seafront restaurants and independent boutiques, bars and delis down here.

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“What also goes in Mumbles’ favour is that you can get a lot more bang for your buck here, despite the rising prices, than in places like Cornwall and Devon. It’s popular for people who work in London part of the week, as there’s a direct train link from Swansea to Paddington.

“This year especially, we’ve seen a marked increase in purchases from buyers in London and Bristol. Now that people can work remotely, I think they’d rather have sea views whilst they work that blocks of concrete.”

Top ten coastal areas with the biggest five-year increase in average asking prices:

PlaceAreaAvg asking price Oct 2020Avg asking price Oct 2015Five-year % change
MumblesSwansea£344,832£234,29547%
CamberEast Sussex£305,891£210,89545%
FoweyCornwall£487,531£337,42345%
SandilandsLincolnshire£268,527£187,69743%
St. Margarets-at-CliffeKent£362,982£255,09142%
AberavonPort Talbot£136,710£96,27642%
St. AgnesCornwall£442,383£315,83640%
GreatstoneKent£338,839£242,62240%
MundesleyNorfolk£286,254£205,06040%
BenllechAnglesey£289,390£207,33540%

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Llanelli

West Wales car dealership to double in size

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Dafen-based Llanelli Motor Company have broken ground on a new development that will see their forecourt double in size over the coming months.

Led by Managing Director Ian Jonathan, the two-phase project will see the independent car dealership increase the number of used vehicles it has on sale to over 400 by January 2023.

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“It’s certainly an exciting period for the business,” said Ian, “and with the significant changes to the used car market, we felt now was the right time to start the project, which has been in the pipeline for over five years.”

Although the business was potentially looking at 2020 as a start date for the developments, the Coronavirus Pandemic put the brakes on the project.

However, since the easing of lockdown restrictions and the delay in obtaining new vehicles, the used car market has seen an unprecedented spike in demand.

Dafen based Llanelli Motor Company is planning to double in size
The company have broken ground on an expansion that will see over 400 cars on sale by the end of January 2023

“The last 12 months have been exceptionally busy,” continued Ian.

“No sooner are we finalising our 140-point safety check on vehicles before placing them on the forecourt, than they are being purchased within a matter of days”.

With the ability to stock 150 nearly new vehicles of all makes and models at the moment, the 1-acre expansion will increase this to 250 by September before more than doubling it to 400 by the spring of 2023.

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In order to facilitate this growth, the company will also be entering a recruitment phase and looking to employ at least 10 new members of staff across its sales, workshop and admin teams as well as taking on new apprenticeships.

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Pets

Are cats man’s new best friend? Surge in demand throughout lockdown

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Everyone’s heard that dogs are man’s best friend, but what about cats? 

Research from pet insurance comparison experts Quotezone.co.uk, shows that over the last three years, across the pandemic, demand for pets amongst single people was on the rise, particularly cats. 

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Couples with pets have actually been in decline year-on-year, dropping from 70.5% in 2019 to 67% in 2022 for dogs, and from 65% down to 60.6% for couples with cats.

Demand for pets from single people has spiked though, with dogs up from 29% to 33% and the popularity of cats jumping by almost 5%, from 35% in 2019 to 39.4% in 2022.

The cat owners surveyed take very particular care of their pets, with 85% of the cats microchipped – even though it’s not a legal requirement yet. A majority of cat owners in the UK have also gotten their feline friends vaccinated (84%) and neutered (85%), which can help for medical reasons and can even help cat owners save money on pet insurance. 

Top 3 ways to save on cat insurance

  1. Review pets’ lifestyles, indoor versus outdoor – indoor cats are at less risk of theft and injury.
  2. If you have more than one cat, it’s normally cheaper to have a multi-pet policy.
  3. Often fully vaccinated, microchipped/tagged and neutered cats have cheaper premiums.

Greg Wilson, Founder of pet insurance comparison site, Quotezone.co.uk, comments: “It’s great to see a rise in demand for our feline friends, these clever animals are full of affection and personality, we’d just recommend that people do their homework before adopting or purchasing any pet, considering if the breed is a good fit for them and their household and working out estimated costs for care and food beforehand. 

“Bear in mind any upcoming changes in lifestyle such as returning to the office or a more hybrid work/life balance, which can all affect our furry friends.

“Vet bills have the potential to be quite sizable if the animal suffers an accident or is diagnosed with an illness, so shop around and get a good deal on pet insurance, it really is the best way to protect them, safeguard finances and it doesn’t have to be expensive.”

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Transport for Wales

New trains for Wales and Borders services go on show

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Brand new trains that aim to transform services across Wales and the English borders have been on show today at Chester railway station.

Assembled by CAF at their factory in Newport, the first Class 197 train with its ‘Made in Wales’ tag was revealed to the public today (Friday 1 July), offering a taste of what’s to come for customers in the next few months.

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TfW are spending £800 million on new trains throughout their network and the Class 197 will be the first of the brand-new stock to enter service in North Wales before the end of this year.

Providing an increase in capacity, reduced emissions and enhanced comfort onboard, these trains will allow TfW to run faster and more frequent services to key routes including services in South West Wales – Manchester to Milford Haven, Cardiff to Fishguard and Swansea to Pembroke Dock.

Offering leather seats, modern air conditioning systems, wider doors and customer information screens, the new trains will transform the customer experience. They’ve also been fitted with electronic charging points and disability features for those with limited mobility.

The Deputy Minister for Climate Change with responsibility for Transport, Lee Waters said: “I am pleased to welcome the new Class 197 trains to the rail network. These new vehicles represent a real transformational improvement on the trains that they will be replacing, providing comfortable and frequent services, encouraging people to leave their cars behind and move onto a more sustainable form of transport.”

Alexia Course, TfW’s Director of Transport Operations, said: “At Transport for Wales we’re continually moving forward with our transformational plans to improve public transport for the people of Wales and the borders.

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“The Class 197s on show at Chester railway station today will be an important part of the transformation of the Wales and Borders network, and when they enter service, they will enable us to run more services and carry more customers in comfort.

“The construction of our new trains has been four years in the making, and customers and colleagues are incredibly excited to welcome passengers onto them from later this year.

“It’s also important to recognise that these trains have been made in Wales at the CAF factory in Newport and the building of them has provided jobs and supported the local economy”.

Richard Garner, UK Director CAF said: “CAF is thrilled that the first of our Class 197 trains for the Wales and Borders network has been officially launched.

“We are immensely proud of our key role in delivering Transport for Wales’ vision to transform rail travel for passengers.

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“The manufacture of our trains is taking place at our state-of-the-art facility in Newport, South Wales. We see ourselves as a local manufacturer, supporting highly skilled jobs and bringing employment opportunities to the local area whilst focusing on sustainability issues and addressing the needs of the Welsh economy.

Our trains are being built in Wales to serve the Welsh communities”

(Lead image: Transport for Wales)

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