The most recent analysis by London lettings and property agent, Benham and Reeves, has revealed which postcodes rank because the nation’s most prestigious pockets of the property market relating to the common worth of bricks and mortar to have modified palms to date this yr.
Benham and Reeves analysed Land Registry data for each property to have offered for the reason that begin of January 2023, to search out which postcodes have seen the best common worth of properties offered throughout England and Wales.
You possibly can see which postcode is probably the most precious in every area of England and Wales right here.
The analysis reveals that the W1K postcode of Westminster sits prime of the desk because the nation’s priciest to date in 2023. Because the begin of the yr, the common house offered within the postcode has gone for a staggering £8m.
Westminster additionally accounts for the joint second costliest, with the SW1X postcode seeing properties promote for a median of £2.45m together with the Metropolis of London’s EC4V postcode.
Camden’s WC2A postcode additionally ranks excessive with a median offered value of £2.1m to date this yr and, in truth, London dominates the highest 10 priciest postcodes in England and Wales.
So what about exterior of the M25
The priciest property postcode exterior of London is presently the GU25 postcode in Runnymede the place properties have commanded a median of £1.324m for the reason that begin of the yr.
The TQ8 postcode in South Hams has seen a median offered value of £1.3m with Cornwall’s PL28 rating third, the place the offered value sits at £1.225m.
Buckinghamshire’s HP8 (£1.2m), HP9 (£1.182m) and SL8 (£1.175m) additionally rank throughout the prime 10, together with IG7 in Epping Forest (£1.097m), KT11 in Elmbridge (£1.035m), TN7 in Wealden (£962,500) and Guildford’s KT24 (£950,000).
Director of Benham and Reeves, Marc von Grundherr, stated, “A lot has been stated in regards to the London torpid housing market efficiency for the reason that begin of the pandemic and the capital has actually trailed different areas of the UK with respect to the speed of home value development seen lately.
Nevertheless, it stays probably the most prestigious pocket of the market relating to the nation’s priciest postcodes and by fairly some margin, even in cooler market circumstances like people who we’ve seen to date this yr.
Actually, only a few postcodes exterior of the M25 can rival the may of London, however that’s to not say that there aren’t some very precious postcodes dotted elsewhere across the nation.”