Seaham sees house prices soar by 183%

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SEAHAM is the coastal town with the biggest house price rise over the past decade, new figures show.

Prices in Seaham have soared by more than 183 per cent since 2002, with the average now at nearly £109,000, a study by Halifax found.

However, Seaham is still the seventh least expensive seaside town to live in in England and Wales.

New Seaham Mayor Coun Sue Morrison said: “I may well be biased but I think Seaham is a lovely town to live in. It has changed beyond recognition in the last 10 years.

“It has an attractive seafront, some modern housing, the new marina will soon be complete, yet it has a strong sense of community.”

 Housing economist Martin Ellis, of Halifax, said: “Seaside living often comes with a price.”