The average property price in certain areas will almost always be beyond the average person's reach. However you may be surprised by some of the areas below topping the charts for the most expensive places to live. Some are surprisingly far from London!
For example the average asking price in PA70 on the Isle of Mull, Argyleshire, is a whopping £2,697,500!!
A far cry from it's opposite number, the also Scottish postcode of PA15 in Greenock Renfrewshire where the average house price is a mere £64,699!
An article released yesterday by themoneyedit.com revealed the most expensive postcodes in which to buy a home, as well as the areas where you can purchase a property for the lowest prices.
In it, the article shares that... "we have already seen a succession of house price indices report house prices are falling, with further drops expected across the year, which could eat into some of the substantial growth seen since the pandemic.
Buying and selling a property is renowned as a stressful experience, and the prospects of a potential downturn may cause you to think afresh about whether now is a good time to buy a house."
If you are considering a move, and want to know if now is a good time, then a useful place to start is the latest seller report from GetAgent, an estate agent comparison site.
It reveals the postcodes where properties retain incredibly attractive prices for vendors, as well as those where low prices may make purchasing a property more attainable.
So where are the most and least expensive postcodes for a property?
THE POSTCODES WITH THE MOST EXPENSIVE HOUSE PRICES
Money Edit Writer, Nicole Garcia Merida, says that "Living in a particular postcode can boost the value of your property by thousands. This might be down to falling within the catchment areas of prestigious schools, boasting good transport links for commuters, or simply having great amenities in the surrounding area.
Surprisingly, while you might assume that homes closer to the capital would fetch higher asking prices, research actually shows that it’s countryside destinations that are topping the list of expensive postcodes right now."
While the most expensive postcodes are dominated by areas within London, the following breakdown focuses on locations outside of the capital.
Here is how the 20 most expensive postcodes shape up, according to the GetAgent study:
Rank Postcode Town Region Average asking price
1 GU25 Virginia Water Runnymede £3,278,055
2 PA70 Isle of Mull Argyllshire £2,697,500
3 SG10 Much Hadham East Hertfordshire £2,689,229
4 SL8 Bourne End South Bucks £2,376,742
5 PA44 Isle of Islay Argyllshire £1,826,429
6 KT13 Weybridge Elmbridge £1,809,080
7 EH38 North Middleton Midlothian £1,582,398
8 HP9 Beaconsfield Chiltern £1,550,392
9 GL9 Badminton Gloucester £1,470,141
10 GU20 Windlesham Surrey Heath £1,464,692
11 WD7 Shenley Hertsmere £1,419,058
12 TQ8 Salcombe South Hams £1,416,007
13 HP8 Chalfont St Giles South Bucks £1,390,590
14 BH13 Canford Cliffs Poole £1,368,257
15 TN7 Hartfield Wealden £1,339,082
16 KT11 Cobham Elmbridge £1,329,113
17 RG9 Hambleden South Oxfordshire £1,278,068
18 SO42 Beaulieu New Forest £1,274,018
19 GU8 Chiddingfold Waverley £1,261,512
20 SL5 Ascot Windsor £1,243,449
Source: GetAgent
THE POSTCODES WITH THE CHEAPEST HOUSE PRICES
At the other end of the scale, the four postcodes with the lowest average asking prices are all found north of the border.
Below is how the 20 postcodes with the lowest average asking prices look, according to the GetAgent data:
Rank Postcode Town Region Average asking price
1 PA15 Greenock Renfrewshire £64,699
2 KA16 Newmilns East Ayrshire £69,049
3 G34 Easterhouse Glasgow £74,130
4 KA25 Kilbirnie North Ayrshire £78,110
5 BD1 Bradford City Ctr Bradford £81,610
6 DN31 Grimsby N. E Lincolnshire £92,844
7 TS2 Middlehaven Middlesbrough £94,291
8 DL4 Shildon County Durham £96,443
9 CF43 Ferndale Rhondda Cynon Taf£96,757
10 TS3 Thorntree Middlesbrough £96,777
11 ZE3 Bush Shetland £97,500
12 G22 Milton Glasgow £99,250
13 KA8 Dalmilling South Ayrshire £99,291
14 KA20 Stevenston North Ayrshire £102,227
15 KA28 Millport North Ayrshire £104,435
16 G21 Barmulloch Glasgow £104,435
17 G67 Cumbernauld North Lanarkshire £105,525
18 PA3 Paisley Renfrewshire £106,629
19 AB24 Aberdeen Aberdeen £110,263
20 L4 Anfield Liverpool £110,449
Source: GetAgent
IMPROVE DON'T MOVE!
Of course the easiest and cheapest way to get the home of your dreams to improve what you already have. You wouldn't believe what a difference a small tweak to a set of windows or doors can make to the overall look, feel and usability of a space. Adding a small extension with beautiful sky lights and bifold doors or sliding doors can completely transform your property making it modern, spacious and light. If you don't have room for an extension then even just removing a tired looking set of french doors, or a window, and replacing with a bifold door or large sliders, can flood the room with light, improve the view, and make a room modern and inviting. We're full of ideas on ways you can tweak your existing windows and doors to completely transform your property. Why not have a look around around our website for some ideas or give us a call on 01297 533650. We're always happy to offer tips and advice.