Edinburgh Has Most Expensive Homes in Scotland

Submitted by edg on Thu, 10 Mar '11 9.40pm

Edinburgh has the most expensive residential street and fifteen of the 20 most expensive streets in Scotland, according to a report from the Bank of Scotland.

Belmont Drive adjacent to Murrayfield Golf Club on Corstorphine Hill, up from Murrayfield rugby stadium, was named Scotland’s most expensive residential street with an average house price of £2,346,000. The private new-build Belmont Estate has only seven houses.

Ettrick Road in Merchiston is the second most expensive street with properties averaging £1,886,000, followed by Dick Place in the Grange conservation area where house prices are fetching £1,628,000.

There are an estimated 14 streets in Scotland with an average house price above £1 million.

Outside Edinburgh the most expensive streets are Hill Road in Gullane (£1,330,000), Rubislaw Den South in Aberdeen (£1,179,000), Countess Gate in Bothwell (£1,060,000), and Craigielaw Park in Longniddry (£1,022,000).

Nitesh Patel, housing economist at Bank of Scotland, was not surprised by the findings: "As the political and financial capital of Scotland, unsurprisingly the most expensive residential streets can be found in Edinburgh. The most expensive is Belmont Drive, just a short distance from Murrayfield Stadium. Across Scotland, the survey shows that the most expensive streets are tightly clustered in relatively small areas."

The report was compiled from data from the Registers of Scotland (RoS) using annual average prices of house transactions between September 2006 and September 2010. Only streets where there have been at least five transactions over the period were included in this survey.

The average house price in Edinburgh at the end of January was £209,000 according to RoS.

Scotland's Most Expensive Streets

Street  name Area Postcode  Average House
Price £ - 2006/2010
 Belmont Drive  Edinburgh New Town  EH12  2,346,000
 Ettrick Road  Morningside, Edinburgh  EH10  1,886,000
 Dick Place  The Grange, Edinburgh  EH9  1,628,000
 Hill Road  Gullane  EH31  1,330,000
 Inverleith Place  Inverleith, Edinburgh  EH3  1,317,000
 Cumin Place  The Grange, Edinburgh  EH9  1,273,000
 Pitcairn Grove  Morningside, Edinburgh  EH10  1,250,000
 Rubislaw Den South  Aberdeen  AB15  1,179,000
 Ann Street  Edinburgh New Town; Stockbridge, Edinburgh  EH4  1,100,000
 Rubislaw Den North  Aberdeen  AB15  1,086,000
 Countess Gate  Glasgow  G71  1,060,000
 Craigielaw Park  Longniddry  EH32  1,022,000
 St. Margaret's Road  The Grange, Edinburgh  EH9  1,019,000
 Murrayfield Drive  Murrayfield, Edinburgh  EH12  1,004,000
 Spylaw Bank Road  Colinton, Edinburgh  EH13  989,000
 Danube Street  Edinburgh New Town; Stockbridge, Edinburgh  EH4  983,000
 Barnton Avenue West  Barnton, Edinburgh  EH4  982,000
 Inverleith Terrace  Inverleith Edinburgh  EH3  981,000
 Murrayfield Gardens  Murrayfield, Edinburgh  EH12  980,000
 Dean Terrace  Edinburgh New Town; Stockbridge, Edinburgh  EH4  970,000