Achi news desk-
According to Rightmove, the average price of properties sold since the turn of the year was £308,125.
This puts it above leafy Hyndland Road in the West End, where the average price was found to be £287,500.
READ MORE: House prices in Scotland are ‘over £200,000’ on average
Scotland’s most expensive street in terms of property bought and sold in 2024 was said to be Simpson Loan in Edinburgh, where the average amount changing hands was £534,167.
Rightmove’s research was based on streets where there have been at least five properties for sale and rent this year, so not all streets are included.
The findings were released as separate research showed that one in five (20%) potential first-time buyers do not think they will be in a position to buy until they are at least in their 40s.
The survey, by the Nationwide Building Society, found that almost half (48%) of people looking to get onto the property ladder believe their prospects of owning a home are further away than ever due to the cost of living crisis.
When asked about the biggest obstacles to getting that first home, almost a third (31%) pointed to savings for a deposit, while 44% pointed to problems with affordability.
A fifth (20%) said finding somewhere in their price range was a problem, 14% highlighted the fact that they could afford the monthly repayments, and one in 10 (10% ) the ability to borrow enough for the mortgage.
READ MORE: Church and pub going under the hammer this month
Buckingham Gate in central London has topped a list of the streets with the most expensive property price tags this year so far.
Nestled near Buckingham Palace and the Houses of Parliament, Buckingham Gate in Westminster was found by Rightmove to have the highest average asking price from estate agents so far this year at £9,633,333.
Outside London, Old Avenue in Weybridge, Surrey, had the highest average asking price for a property in 2024 so far, at £2,633,333, according to the property website.
After Buckingham Gate, the next highest average asking price was found at Vicarage Gate in Holland Park in west London at £6,332,000.
Tim Bannister, property expert at Rightmove, said: “London’s status as the UK’s luxury property hub remains unchallenged, with Buckingham Gate in Westminster commanding the highest average asking price.
“Although the possibility of buying one of these homes is limited to a very lucky few, it is clear that there is a great deal of interest in these magnificent homes as we find that they are often among our most popular properties on Rightmove .”
