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Scotland's most costly street closes in on £2m average

ITS mixture of classical architecture has helped push the Scottish capital to the top of the list of £1 million-plus properties north of the Border, but now the city's most expensive street is closing in on average values of £2m.

PLACE TO BE: The most expensive street in Scotland for a second year in a row is Dick Place in Edinburgh, according to Bank of Scotland research.
PLACE TO BE: The most expensive street in Scotland for a second year in a row is Dick Place in Edinburgh, according to Bank of Scotland research.

Dick Place in Edinburgh's Grange area is Scotland's most costly residential street with house prices averaging £1,686,000, Bank of Scotland research shows.

Edinburgh's mixture of buildings ranging from the medieval Old Town and the Georgian buildings of the New Town, all overlooked by the castle, alongside modern developments is cited as a reason for the city's popularity and high property prices. Half of the 20 most expensive streets in Scotland are in the capital.

Some of Edinburgh's other most expensive streets are Ann Street, with an average property price of £1,208,000, Hillpark Grove (£967,000), Barnton Avenue West (£937,000) and Redhall House Avenue (£934,000).

Five of Scotland's top 20 addresses are in the EH3 and EH4 postal districts, including the New Town area and the West End, which contains the financial district.

After Dick Place, which took top spot for a second year running, the most expensive street in Scotland is Rubislaw Den South in Aberdeen, with an average price of £1,455,000. Also in Aberdeen is the fifth most expensive address in Scotland – Earlspark Avenue (£944,000).

Glasgow's most expensive streets are Park Drive in Thorntonhall (£923,000) and Burnside Road (£903,000).

Outside those three cities the most expensive homes are on Mar Hall Avenue in Bishopton, Renfrewshire (£929,000) and Belleisle Drive in Ayr (£823,000).

Nitesh Patel, economist at the Bank of Scotland, said: "Scotland's most expensive residential streets are concentrated around the cities of Edinburgh, Glasgow and Aberdeen. Half of Scotland's most desirable addresses are in the capital, which has a mixture of classical architecture in the Old Town and Georgian buildings of the New Town, alongside modern developments in central locations."

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