Average asking prices of over £1.5m have propelled the much sought-after coastal location beyond the reach of most house hunters.

Coastal hotspots have seen annual house price growth of 4.2% in the past 12 months, bucking the wider national trend that has seen British property values stagnate.

A new data study from Pikl Insurance has revealed that there are still plenty of profitable areas across the UK for those looking to take the leap.

The latest analysis from Rightmove looks at the latest coastal trends and the cheapest locations for both renters and buyers alike.

House price premiums in Britain’s most exclusive coastal housing markets are sitting as high as 89% when compared to the wider local areas, according to new market analysis from...