£1.2 million for average property
A South Hams town has the dubious accolade of being the most expensive seaside place to buy a property in the country.
Salcombe has knocked Dorset's Sandbanks off the top spot, according to the Halifax, a bank.
A home in the well-heeled South Devon town will set you back £1,244,025. With stamp duty of 10 per cent, you're not going to have much change out of £1.5 million.
It makes Sandbanks a bargain these days, as the average price is a measly £952,692.
The average price of a new home across the UK is £304,460.
The Halifax used Land Registry data to put together its top 10, which also includes other Devon towns, Dartmouth, which although nearby is half the price of a Salcombe home at £567,985; Kingsbridge (£556,659) and Budleigh Salterton (£537,681).
In Cornwall, Padstow at £790,847 and Wadebridge (£548,669) also make the list.
It means half of the top 10 most expensive towns for buying property are in Devon and Cornwall.
£550,000 Christmas windfall for Brixham pool
Girl missing from Newton Abbot
Bomb squad investigates suspicious car in Cranbrook
Exmouth sewage pipe fixed
Ancient tree fossil unearthed in Devon
Women punched and glassed in street attack
