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Aberdeen suburb named priciest area

12:25, Jun 21 2012

 

A suburb on the outskirts of Aberdeen has been named as Scotland's most expensive neighbourhood, according to an online property search engine.

Milltimber, where the average house price is £432,431, topped the list of the highest value towns and neighbourhoods in Scotland on Zoopla.co.uk's property rich list.

The list, which tracks the areas with the highest average property values in the country, said Humbie and North Berwick, both in East Lothian, came second and third with average prices at £388,076 and £313,556 respectively.

There are now 31 streets in Scotland with an average house price of over £1 million, with almost half (14) of them in Edinburgh.

The capital's North Charlotte Street, close to the First Minister's official residence in Charlotte Square, was identified as the most expensive street in the country, with an average house price of £1,791,179.

Caledonian Crescent on the luxury Gleneagles Golf Course, where the average property price is £1,591,927, came second while Whitehouse Terrace in Edinburgh was in third place with house prices averaging £1,520,685.

Glasgow was not listed in Zoopla's top 20 most valuable streets or neighbourhoods but took 20th place on its most expensive postcode list for G61, in the Bearsden area.

Nicholas Leeming, of Zoopla.co.uk, said: "The Scottish residential property market boasts some extraordinary homes and whilst house prices on average are lower than other parts of Britain, in Scotland you get a lot more bang for your buck.

"For example, in London's most expensive neighbourhood, Kensington, an area the size of a iPad will set you back over £550, while in Milltimber, Scotland's most expensive area, the same floor space costs just £124."

 

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