AN EXCLUSIVE Edinburgh street where the average house price is nearly £3.5m has been unveiled as the most expensive in Scotland.
Whitehouse Terrace, in the Grange area of the Capital, was named as the priciest postcode with a typical home costing £3.43m It comes as new analysis reveals that the number of Rich List Scottish streets where the average house price is over £1m has grown by over a third in a year.
There are now 136 such roads in Scotland compared to 101 last year.
But the research also reveals that over three in four of the near 12,000 Rich List streets across the UK are in London and the south east of England.
Three of the top five most exclusive streets in Scotland are in Edinburgh.
The other two are in Perth and Kinross close to the five star Gleneagles Hotel.
Known for its leafy gardens and stunning large Victorian villas and mansions, the Grange, which is a conservation area has been home to some of many of Scotland's wealthiest people.
Harry Potter author JK Rowling, disgraced banker Fred Goodwin and writers Alexander McCall Smith and Ian Rankin are among those who have in the past chosen to move to the area.
The Grange is an affluent Edinburgh suburb that was once a medieval farm belonging to the church.
The homes in the area were mainly built between 1830 and 1890, when the growing middle class of merchants and professionals in Edinburgh were looking for secluded location to raise their families.
The street with the second highest house prices in Scotland was Balmoral Court in Gleneagles Village where average property prices have hit £1.89m, according to the Rich List streets survey by the property website Zoopla.
Balmoral Court
It was followed by another Gleneagles Village street Caledonian Crescent, where a typical home costs £1.78m.
Making up the top five are two exclusive streets in the Murrayfield area of Edinburgh, Wester Coates Avenue where average prices have hit £1.68m and Succoth Place where a typical home costs £1.66m.
Gráinne Gilmore, head of research at Zoopla comments: "The type of homes and their surrounds, from views to amenities, make these streets in and around Scotland's capital some of the most of the most appealing, while Gleneagles Village is no stranger to the most expensive streets top 10s, it is close to the well-known Gleneagles hotel and is set in some of the most stunning scenery in Scotland."
A regional analysis of the data shows that there are 11,673 Rich List streets in the UK with an average property price of £1 million and above. Of these streets, 4,544 are found in London and 4,336 are concentrated in the South East.
By contrast, only nine are found in Wales, 41 in the North East of England, and 55 in Yorkshire and The Humber.
Across the UK, London was found to be home to the top 10 most expensive streets in the country - with Kensington Palace Gardens (W8) coming out on top for the 13th consecutive year, an average property price of £29,9m.
Caledonian Crescent
Arguably the most exclusive address in London, it is well known for its embassies, diplomatic residences and billionaire residents, including Roman Abramovich, and counts Kensington Palace - and with it The Cambridges - amongst its neighbours.
In second place for the third consecutive year is Courtenay Avenue (N6) in Highgate. Home to an average property value of £19,440,000, it is located on the edge of leafy Hampstead Heath, just a stone’s throw from Kenwood House.
Grosvenor Crescent (SW1X), located in Belgravia, and just a short stroll from Buckingham Palace Gardens, ranks in third place with an average property price of £17,212,000.
Titlarks HIll in Ascot, Berkshire, has, this year, taken the crown from Leatherhead, Surrey, and been crowned as home to the heftiest price tags outside of London, with an average property value of £8.41m In second place is Montrose Gardens in Leatherhead, Surrey which is located within the exclusive Crown Estate.
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