North-South divide on house prices
Most expensive streets in South-East
More than 14,000 streets across Britain have an average property value of more than £1m, although a North South divide is evident for the most exclusive postcodes.
Figures from online property company Zoopla revealed there are now 14,417 streets where the average property value is £1m or over, up from 12,418 in 2016.
MORE THAN 14,000 streets across Britain now have an average property value of more than £1m, although a stark North South divide is evident for the nation’s most exclusive postcodes.
Figures published yesterday by the online property company Zoopla revealed there are now 14,417 streets where the average property value is £1m or over, up from 12,418 in 2016.
Just 77 of these are in the Yorkshire and Humber region, compared to 5,899 in Greater London and 5,278 in South-East England.
Yorkshire’s only listing to feature in the top 10 most expensive streets in the country outside of London is Roundhay Park Lane in Leeds, where the average house price is £1,731,040. Topping the list is Golf Club Road, Weybridge, Surrey, where the average house price is £5,937,835.
The top 10 most expensive streets nationally are all in London, with Kensington Palace Gardens remaining the priciest road in Britain – despite a decline in house prices in the capital. The average home on the street is now worth £35,696,711 – £2,569,432 less than this time last year.
The prestigious address is home to some of Britain’s wealthiest homeowners, including Formula One heiress Tamara Ecclestone, Chelsea Football Club owner Roman Abramovich and the Sultan of Brunei, Hassanal Bolkiah.
Excluding London, Guildford in Surrey has the largest quantity of expensive streets – 204 have an average property value of £1m or more, according to Zoopla’s property “rich list”.
Zoopla spokesman Lawrence Hall said: “Despite London’s property market cooling over the past year, it’s no surprise that the capital’s most exclusive boroughs continue to dominate the list. This is partly thanks to some incredibly luxurious properties benefiting from unbeatable locations near the heart of the city.
“While London will always prove attractive for those with deep pockets, Surrey’s Virginia Water and Rickmansworth in Hertfordshire certainly provide better value when it comes to space.
“Heading north, homeowners will find they’re likely to get much more square footage for every £1m spent, especially in Scotland and in North-East England.”
Yorkshire and the Humber has seen a rise in values, with 68 streets having an average property price of £1m in 2016 compared to the 77 revealed in the 2017 list.
Mark Goldstone, the head of business representation and policy at the West and North Yorkshire Chamber of Commerce, said: “The bigger story for me is how much more affordable housing is in the North compared to the greater South-East, something we should be shouting about especially when companies are seeking to invest or expand in the UK.
“We do need to see housing growth as a priority for local authorities if we are to support economic growth, however.”
Other high-value streets in the Yorkshire region include Ful with Mill Lane in Harrogate (costing £1,513,778 on average for a property), Ringbeck Road in Ripon (£1,306,188) and Whirlow Park Road in Sheffield (£938,049).
We do need to see housing growth as a priority for local authorities. Mark Goldstone, West and North Yorkshire Chamber of Commerce.