Rise of the suburbs’ million-pound streets
MILLION-POUND streets were once mainly found in the priciest areas of London.
Now many areas of England and Wales boast houses with a seven-figure price tag, figures released today show.
Yorkshire and Humberside, Newcastle upon Tyne and Swansea now have homes worth at least £1million.
Overall, there are now at least 73 million-pound streets across England and Wales. The Lloyds Bank statistics, which used Land Registry sales figures, reveal that houses in Runnymede Road, Newcastle, fetch an average of £1.1million while those in Montagu Avenue go for a similar sum.
In the north of England, Congleton Road in Alderley Edge, Cheshire, is the most expensive street with homes selling for almost £2million.
Related articles
GOOGLE STREET VIEW
GOOGLE STREET VIEW
Away from London, the survey shows that the most expensive streets are tightly clustered within Cheshire, Yorkshire and the Humber and Sandbanks in Dorset on the south coast
Park Drive in nearby Altrincham has properties worth £1.8million. Fulwith Mill Lane in Harrogate has the most expensive homes in the Yorkshire and Humberside region at £1.5million on average.
In Ling Lane in Leeds they cost £1.1million.
In the West Midlands, properties in Roman Road, Sutton Coldfield, fetch about £1.4million and Widney Manor Road in Solihull prices average £1.3million.
Warren Hill in Newtown Linford, Leicester, is top in the East Midlands with house prices reaching £1.2million.
Weybridge in Surrey is home to three of the million pound streets – East Road (£5million), West Road (£4.5million) and Cavendish Road (£3.8million).
Oxfordshire and Dorset, including the millionaire’s favourite Sandbanks, also feature, with average house prices in some roads reaching £2million-plus.
In Wales, St Anne’s Close in Swansea takes the top spot with an average price of £1million, followed by Twyncyn in Dinas Powys at £813,000.
But, unsurprisingly, the most expensive streets are all in London’s Westminster, Kensington and Chelsea where the average price in some streets reaches £10million – and in some cases more than £16million. Grosvenor Crescent, Belgravia, is the priciest postcode.
GOOGLE STREET VIEW
A typical house in the crescent, which lies close to Hyde Park and Buckingham Palace, fetches nearly £17million on average. Eaton Square – last year’s most expensive street – has slipped to third place.
However average prices are still £13.5 million (down from about £17 million last year).
Andrew Mason, mortgage products director at Lloyds Bank, said: “Away from London, the survey shows that the most expensive streets are tightly clustered within Cheshire, Yorkshire and the Humber and Sandbanks in Dorset on the south coast.”
