Leeds’ £1m property hotspot

Houses on Roundhay Park Lane, Leeds.
Houses on Roundhay Park Lane, Leeds.
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MORE than half a million people in Britain are now estimated to be “property millionaires” – meaning their home is worth at least £1m, according to figures released by a website today.

The total number of property millionaires across Britain now stands at 524,306 according to Zoopla’s property rich list, an 8.3 per cent increase on 2014.

Roundhay Park Lane, in Leeds, is the highest in West Yorkshire at an average of £1.5m and Aislaby, in Whitby, at £1.65m, is the highest in North Yorkshire.

The most valuable property street in Yorkshire is Drewton, in Brough, East Yorkshire, where the average price is £2.5m.

Elsewhere in the region, South Yorkshire is the only area without a street topping £1m, with the highest value – £911,000 – recorded at Blue Ridge Close in Sheffield.

In all there are 99 streets in Yorkshire with an average house price above £1m.

The postal code with the highest average is HG3 in Harrogate, at £375,000.

The highest value area in West Yorkshire is LS22 in Wetherby at £364,000, in South Yorkshire it’s S17, in Sheffield, at £321,000 and in East Yorkshire it’s HU14, in North Ferriby, at £313,000.

There are 10,958 streets where the average property price tops £1m, though most of them are in London and the South East of England.

At the top end of the market, the findings show there are 13 streets in Britain where the average house price is over £10 million, all of which are in London.

Halifax did not produce an up-to-date regional breakdown of average prices but the bank’s figures for the first quarter of 2015 recorded Yorkshire and the Humber at £136,869.