Homes on the North East’s most expensive street will set buyers back by more than £1.5m according to new figures.

Ramside Park in Durham has been named the region’s most expensive street for homebuyers, with properties boasting an average price of £1,553,000.

The County Durham street took the top spot in the North East according to research of average house prices by Halifax.

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Runnymede Road in Darras Hall, Ponteland which famously attracts celebrities and top footballers including Newcastle United legend Alan Shearer, also made the top five in our region with an average price of £1.245m.

Gubeon Wood in Morpeth, Northumberland was the second most expensive street in the North East with prices averaging £1.491m.

But prices down the North East’s most expensive roads are just a fraction of those on Phillimore Gardens in Kensington, London, which has been named the most expensive in England with homes going for close to £24m.

Kim Kinnaird, mortgages director, Halifax said: “For almost all of us, these homes and their eye-watering price tags are the stuff fantasy house hunts are made of.

“Unsurprisingly, London roads occupy the top 10 streets in the UK, and buying a home on London’s Phillimore Gardens could set you back a staggering £24 million on average.

“That said, the price of a prestigious address can differ hugely across the UK.

“Living on the most expensive street in the North East or East Midlands will cost something closer to £1.5 million.”

Here are the North East’s five most expensive streets, according to Halifax, using Land Registry data:

  1. Ramside Park, Durham, DH1, £1,553,000
  2. Gubeon Wood, Morpeth, NE61, £1,491,000
  3. Graham Park Road, Newcastle-upon-Tyne, NE3, £1,339,000
  4. Runnymede Road, Newcastle-upon-Tyne, NE20, £1,245,000
  5. South Drive, Newcastle-upon-Tyne, NE13, £1,201,000

 

Here are the ten most expensive streets in England and Wales:

  1. Phillimore Gardens, London, W8, £23,802,000
  2. Grosvenor Square, London, W1K, £23,549,000
  3. Ilchester Place, London, W14, £17,678,000
  4. Grosvenor Crescent, London, SW1X, £15,440,000
  5. Clarendon Road, London, W11, £14,950,000
  6. Ashburton Place, London, W1J, £14,732,000
  7. Lansdowne Road, London, W11, £14,621,000
  8. The Vale, London, SW3, £14,020,000
  9. Knightsbridge, London, SW1X, £14,009,000
  10. Chelsea Square, London, SW3, £13,231,000

 

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