THERE are more than 40 streets in the North East where homes cost an average of more than £1million, according to the latest house price survey.

Online property giant Zoopla says there are 41 million-plus streets in the region, with 55 more across Yorkshire and the Humber. But - not surprisingly - that number is dwarfed by the mansioned masses in the South.

The survey says there are more than 4,500 streets in the capital alone where homes cost at least £1million - with the most expensive being Kensington Palace Gardens where you will need a cool £29,898,000 to move in.

There are nearly 1,800 more streets across Britain where the average home is valued at £1 million-plus compared with a year ago, with 11,673 streets in September 2021 with an average property price of £1 million or more, which was 1,782 more than the 9,891 streets last year.

The South East of England accounts for about half of the increase, with 942 more million pound streets having been created there over the past year, compared with 262 in London.

The tapering of a stamp duty holiday in the summer prompted a rush of buyers snapping up homes. The holiday ended completely from October 1.

Read more: £595,000 house for sale at Darlington abbey

Many people have also been searching for bigger properties with more space as they make lifestyle changes as a result of the coronavirus pandemic.

Grainne Gilmore, head of research at Zoopla, said: “London comes top when it comes to the UK’s prime markets, but the wider commuter zone in the South East is also home to some of the highest-value addresses, reflecting the size and type of housing stock in these regions.”

In second place for the third consecutive year was Courtenay Avenue (N6) in Highgate, London. The average property there is priced at £19.4 million.

Grosvenor Crescent (postcode SW1X) in London rounded off the top three, with the average property value there at £17.2 million.

Excluding London, Titlarks Hill (postcode SL5) in Ascot, Berkshire, was identified as the most expensive street in Britain, with the average home there put at £8.4 million.

Some postal towns outside London also have clusters of million pound streets.

Zoopla counted 176 in Guildford in Surrey, 137 in Reading in Berkshire, 133 in Sevenoaks in Kent, 115 in Harpenden in Hertfordshire, 105 in Altrincham in Greater Manchester and 98 in Henley-on-Thames in Oxfordshire.

Here are the numbers of million pound streets in September 2021, according to Zoopla:

– London, 4,544

– South East England, 4,366

– East of England, 1,464

– South West England, 512

– North West England, 276

– West Midlands, 205

– Scotland, 136

– East Midlands, 65

– Yorkshire and the Humber, 55

– North East England, 41

– Wales, 9

And here are Britain’s top 10 most expensive streets with postcodes, according to Zoopla, which are all in London, and the average house price:

1. Kensington Palace Gardens (W8), £29,898,000

2. Courtenay Avenue (N6), £19,440,000

3. Grosvenor Crescent (SW1X), £17,212,000

4. Ilchester Place (W14), £15,220,000

5. The Boltons (SW10), £14,223,000

6. Manresa Road (SW3), £11,181,000

7. Frognal Way (NW3), £11,118,000

8. Compton Avenue (N6), £10,237,000

9. Cottesmore Gardens (W8), £9,971,000

10. Carlyle Square (SW3), £9,800,000

__

Keep up to date with all the latest news on our website, or follow us on Facebook, Twitter and Instagram.

You can also follow our dedicated North Yorkshire Facebook page for all the latest in the area by clicking here.

For all the top news updates from right across the region straight to your inbox, sign up to our newsletter here.

Have you got a story for us? Contact our newsdesk on newsdesk@nne.co.uk or contact 01325 505054