Latest industry analytics has crunched house price data to come up with a list of “golden postcodes” across England and Wales – regional enclaves with the highest property values per square foot, Abode2 reports.
There are just five postcodes outside London where the average home sells for more than ￡1,000 per square foot, while around 75 of London’s wards have four-figure average sold prices.
A ￡1mn price tag is a common yardstick for high-value property markets, but a more accurate measure would be ￡1,000 per square foot, confirms Knight Frank.
In the most in-demand regions there are often ‘golden postcodes’ where certain property types routinely command sale values in excess of ￡1,000 per square foot — a level once seen as the preserve of the London market.
- SW1X?in London is top of the price table overall; the average price per square foot in this bit of?Knightsbridge and Belgravia in Westminster is ￡2,189 (Knight Frank data). The capital’s high-value suburbs include?SW13 (Barnes; ￡1,506), N3 (Hampstead; ￡1,243), SW19 (Wimbledon;?￡1,084), and NW1 (Primrose Hill; ￡1,052).
- OX2?in the South East is the priciest postcode outside of London. Walton Manor and Summertown, to the north of Oxford, has an average property value of ￡836 per square foot.?RH5?(Leith Hill) in the Mole Valley is also up there (￡709 psf), as is GU5 (Shamley Green) in the Surrey Hills?(￡686 psf).
- CB3?(Newnam near Cambridge) is the East of England’s Golden Postcode, with an average price per square foot of?￡703.?AL5?(Harpenden) also ranks highly, at ￡692 psf.
- Bath is home to the South West’s Golden Postcode. Homes in?Kingsmead in?BA1?command an average of ￡588 psf, while Lansdown stands at ￡573 psf. The South Hams in Devon is also a price hotspot;?Salcombe and Thurlestone (TQ7) average ￡472 psf – although the best-in-class houses can go up to ￡1,700.
- In the West Midlands,?CV35?(north of Stratford-upon-Avon) is the most expensive enclave in the region. Homes in the Kenilworth Abbey & Arden ward sell for an average of ￡426 psf. Nearby?CV37?is just behind (￡421).
- S18 (Barlow and Holmesfield) in Derbyshire is the highest-priced postcode in the East Midlands (￡363 psf), followed by?LE15?(Exton in Rutland; ￡335).
- Further North, Washburn Valley in?LS21?beats the likes of York or Harrogate to the Yorkshire & Humber Golden Postcode title. Homes in this bit of the Nidderdale AONB average ￡357 psf.?Micklegate ward in York,?YO1, is next in the region (￡374).
- LA12?in the Lake?District and?WA16?in Knutsford, Cheshire, are the?priciest?postcodes in the North West (￡312 psf and ￡363 respectively).
- NE45?(Corbridge) in Northumberland is top of the North East?(￡288 psf).
- LL53?(Abersoch)?in Gwynedd, north Wales, is the Welsh Golden Postcode (￡378 psf).
