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Gorgeous seaside town on British island where you can buy a home for just £101K

The beautiful seaside town of Rothesay has been ranked as the cheapest place to purchase a coastal home in the UK, with average house prices at an incredible £101,477

You can get a home for around £100k on this island off the coast of Britain((Image: Getty))

The world of work has changed enormously in recent years. With many people now able to or simply fed up with the nine-to-five grind, life on a windswept and beautiful island has never seemed so appealing.

Yet, the dream of owning a home has never seemed so distant for many, with house prices in most of the country far outstripping people’s ability to save for a deposit and afford a place to live. But, if you are willing to up sticks and move to a picturesque town off the coast of Scotland, this dream might not be so distant.

Rothesay, located on the Isle of Bute, has been named as the UK’s cheapest seaside town to buy a house, with the average property price standing at just £101,477, according to an analysis by Lloyds Bank. Though remote, it is less than two hours to Glasgow by car as, thankfully, there is a bridge.

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Known for its once-thriving seaside resort regularly frequented by Glaswegians, Rothesay is the main town on the Isle of Bute and can be reached via ferry. The tranquil town, boasting attractions like the Ardencraig Gardens and Victorian Toilets, is ideal for those seeking peaceful surroundings and a traditional locale.

Homes are priced at an average of £101,000.((Image: Getty))

Other nearly as affordable seaside towns listed by Lloyds Bank include Greenock in Inverclyde, with an average home cost of £107,111, and Girvan in South Ayrshire, where houses are priced at £107,349 on average. On the flip side, the most expensive seaside properties are found in the south of England, with Salcombe in Devon topping the list with an average price of a whopping £970,657.

Sandbanks in Dorset follows closely with average prices at £957,739, while Padstow in Cornwall, known for celebrity chef Rick Stein’s numerous businesses, ranks third with prices averaging £701,979. Lyme Regis in Dorset and St Ives in Cornwall also feature in the top 10, with average house prices exceeding £500,000.

Throughout the UK, you can expect to pay an average of £293,000 for a coastal property, reports the Express.

Read Nore:Gorgeous seaside town on British island where you can buy a home for just £101K