• Text size      
  • Send this article to a friend
  • Print this article

Number of property millionaires climbs

More than 160,000 new property millionaires have been created over the last year in Britain as the housing market recovery has taken off, according to a website.

Zoopla estimates that 484,081 home owners can now call themselves property millionaires, a 49% increase on a year ago.

It found that 12 streets now have average house prices of more than £10 million, all of which are in London. Kensington Palace Gardens, which was once again named by Zoopla as Britain's most expensive street, now has an average property value of £42.7 million.

Scotland's most expensive address is Balmoral Court, Gleneagles Village, Auchterarder, where the typical home is worth £2,032,726. The most expensive street in Wales is Ty-Gwyn Avenue in Penylan, Cardiff, where the average property price is £1,046,987, Zoopla said.

The North East's priciest road was named as Gubeon Wood in Morpeth, Northumberland, where houses cost £1,321,625 on average.

South Downs Drive in Hale, Altrincham, was named as the North West's most expensive, with homes worth around £2,417,839. In the South West, Old Coastguard Road in Sandbanks, Poole, was named as the most expensive street, a home typically £2,440,500, according to the website.

Contextual targeting label: 
Automotive

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

257151