Edinburgh street tops list of most expensive in Scotland

A street in Edinburgh has topped a list of the most expensive in Scotland, new research by the Bank of Scotland has revealed.

Homes on Regent Terrace, a UNESCO World Heritage Site, with city views which are protected by a skyline policy, have an average price of £1.75 million.

The street, which is home to the United States Consulate, knocked Golf Place in St Andrews off its three-year reign in the top spot.

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Scotland’s golfing capital is the country’s second most expensive street in 2020. Within putting distance from the world-famous Old Course, Golf Place’s prime location near the university and historic castle will set homebuyers back an average of £1,732,000.

Homes on Regent Terrace, a UNESCO World Heritage Site, with city views which are protected by a skyline policy, have an average price of £1.75 million.
Homes on Regent Terrace, a UNESCO World Heritage Site, with city views which are protected by a skyline policy, have an average price of £1.75 million.

With the exception of The remaining top 10 expensive streets in Scotland are all in the capital city, where a home nestled in Edinburgh’s elite streets will set buyers back an average £1,366,500.

Sitting just outside the Old Town is the luxury address of Drummond Place, a new high entry this year and once home to former little drummer boy resident, Davie Bowie.

A home on this historical stomping ground is priced at an average £1,362,000.

Meanwhile, millionaire Glaswegians with one eye on the market can add Earls Gate in the affluent Lanarkshire suburb of Bothwell to their Christmas list.

There, residents are forced to fork out an average of £1,171,000 to share the exclusive address with several former and current football stars.

The second most expensive street in Glasgow is to the north-west of the city in leafy Bearsden, where the average price of a home in Manse Road will cost a cool £1,162,000 and this is followed by Peel Road, an exclusive rural enclave to the South of the city (£1,124,000) in Thorntonhall.

Outside of the main cities, the most prominent new entry in this year’s top 10 is the seaside town of Leven in Fife, where your average house in the Liberty area will cost a pretty penny at £1,084,000.

Meanwhile Rubislaw Den South in the ‘Granite City,’ retains its status as Aberdeen’s most valuable postcode for a second year running, at a solid £1,133,000 for your average property.

Ricky Diggins, Director at Bank of Scotland, said, “Edinburgh is a stunning city and it comes as no surprise that it continues to lead the way in Scotland’s prime property market with its historic architecture and large array of luxury addresses in various streets throughout the city. As a Glasgow resident myself, it’s also great to see some new entries in my own city this year.

“As a cosmopolitan hotspot, Glasgow goes toe to toe with Edinburgh in terms of its vibrancy and this has been recognised in this year’s list.

“Despite the extraordinary circumstances this year resulting in the industry not operating in its usual manner, demand has remained relatively healthy in Scotland with house prices increasing slightly.

“It is likely however that we will not see the full effects of the pandemic for some time.”

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