LONDON, UNITED KINGDOM--(Marketwired - Jan. 6, 2014) - South Manchester is regarded as one of the most desirable places to live in the city, so it is not so surprising that some of the most expensive streets are in this area, according to latest research from Lloyds Bank. These include Withinlee Road in Macclesfield (£1,871,0001) - the most expensive outside southern England, East Downs Road in Altrincham (£1,361,000) and Torkington Road in Wilmslow (£1,143,000). Four of the most expensive streets are in Altrincham and two are Alderley Edge.
Nitesh Patel, housing economist at Lloyds Bank, comments:
"Unsurprisingly, the most expensive residential streets in England and Wales are in London, but Macclesfield's Withinlee Road takes the title in the North West. The top ten in the North West sees strong appearances from addresses in Altrincham and Alderley Edge. The national survey shows that the most expensive streets continue to be tightly clustered in relatively small areas."
Table 1: 20 Most Expensive Streets in the North West
||Average House Price £ - 2008/2013
|East Downs Road
|South Downs Road
Source: Land Registry and Royal Mail
Nitesh Patel, economist at Lloyds Bank, available for comment on 23, 24 and 27 December 2013.
1All prices are based on transactions between January 2008 and October 2013 recorded on the Land Registry database for transactions in England and Wales.
The data in this report are compiled from over 1.78 million UK post codes supplied by the Royal Mail in conjunction with the Land Registry database of housing transactions and prices.
House prices shown in the tables are arithmetic average prices of house transactions between January 2008 and October 2013. The transactions data is sourced from the Land Registry, and individual post codes (and not street name, as there can be several occurrences with same name) from the Royal Mail. Only post codes/streets where there have been at least seven transactions over the period are included.
"This report is prepared from information that we believe is collated with care, however, it is only intended to highlight issues and it is not intended to be comprehensive. We reserve the right to vary our methodology and to edit or discontinue/withdraw this, or any other report. Any use of this report for an individual's own or third party commercial purposes is done entirely at the risk of the person making such use and solely the responsibility of the person or persons making such reliance. "
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