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Harrogate is home to region’s most expensive street
7:57am Saturday 29th December 2012 in Harrogate and Ripon news
NORTH YORKSHIRE’S most expensive street has been revealed.
The most well-heeled streets in Yorkshire and the Humber are located in the “golden triangle” between Harrogate, Wetherby and north Leeds.
The region’s most expensive streets are Rutland Drive in the spa town of Harrogate, with average prices of £1.1 million, and Wigton Lane in north Leeds at £1 million typically.
Egerton Crescent in south-west London is the most expensive street in England and Wales, with homes there typically costing a cool £8.1 million, the study revealed today.
Nestled just a stone’s throw from the Victoria & Albert Museum and Harrods, the street is one of six located in the London borough of Kensington and Chelsea which are all in the top ten list compiled by Lloyds TSB.
House prices in central London have continued to shoot upwards over the past year amid strong interest from wealthy overseas buyers looking for a safe haven amid the uncertainty of the eurozone.
However, some analysts have suggested a seven per cent stamp duty rate which was placed on homes worth over £2 million in the spring could cause the market to cool next year.
Outside southern England, the most expensive street is just south of Manchester, in Park Lane, Altrincham, with an average house price of £2.1 million.
Nitesh Patel, an economist at Lloyds TSB, said: “In recent years, its prime location in central London and classical architecture has attracted affluent celebrities and ultra wealthy foreign businessmen, helping to drive up property prices. Across most regions, the most expensive streets are typically tightly clustered.”
Away from the English capital, the most expensive streets include Woodlands Road West in Virginia Water, Surrey, where homes are worth £3.2 million on average and Leys Road in Leatherhead, also in Surrey, where homes have a £3 million price tag.