THE COST of a house on Leeds’s most expensive street has risen to almost £1 million.
A new survey of the region’s priciest postcodes has revealed houses in Bramhope’s Hall Drive are the costliest. The average price tag of £983,000 is around four per cent higher than sales figures for the street last year.
The outskirts of the city featured heavily in the Lloyds Bank league, with addresses in the ‘golden triangle’ between Harrogate, north Leeds and Wetherby dominating the top 10.
While Harrogate claimed first and second place on the list of desired areas for those who aspire to have it all, Wetherby’s College Farm Lane and Curly Hill in Ilkley came shortly behind. The average cost of a home in both streets is £1,012,000.
Proximity to good schools and amenities were cited as the reason for the popularity of the postcodes featured.
Andy Hulme, mortgages director at Lloyds Bank, said: “The golden triangle is a well-known hotspot, and boasts eight of the 10 most expensive streets.
“All of these areas have outstanding homes, excellent schools, good shopping facilities and are close to the countryside.”
Despite the fact that data from Lloyds proves Yorkshire has an abundance of desirable postcodes, nowhere in the North appears on the top 50 most expensive streets in the UK. London, particularly the boroughs of Westminster and Kensington and Chelsea, boasts the highest number of the most expensive streets.
While homeowners may be pleased to learn prices are on the up in pricier areas of Leeds, it will be of little comfort to those struggling to get on the property ladder.
Earlier this year the National Housing Federation revealed the average cost of a home in the city is £172,411, and the mean monthly private rent was the highest in the whole of Yorkshire at £819.