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Thursday 31st of December 2009
December 29, 2009    

Halifax reveals most expensive addresses

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by Gill Montia

Halifax has identified the most expensive addresses in England and Wales, with Wycombe Square in the Royal Borough of Kensington and Chelsea topping the league at an average property price of £5,401,447.

According to the lender’s research, the Royal Borough provides half of the 20 most expensive residential streets in the survey, while Greater London lays claim to the top ten.

Outside the Capital, Moles Hill in Leatherhead, Surrey, is the most costly post code.

A home on the Hill costs an average £2,645,000, followed by South Road in Weybridge (£2,550,625); Leys Road in Leatherhead (£2,549,545); Woodlands Road West in Virginia Water (£2,543,500) and Phillipines Shaw in Sevenoaks (£2,351,538).

Withinlee Road in Macclesfield is the dearest address outside the south east, with the average cost of a home at £1,205,833, followed by Altrincham in Cheshire where a Park Lane residence costs an average £1,167,500 and an Eyebrook Road home, £1,090,916.

For Wales, the Old St Mellons area of Cardiff boasts the costliest post code, with an average house price of £621,000.

Halifax housing economist, Nitesh Patel, comments: “Unsurprisingly, many of the most expensive residential streets in England and Wales are in the Royal Borough of Kensington and Chelsea … across most regions, the survey shows that the most expensive streets are tightly clustered within the same area.”

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