Surrey’s Virginia Water sees average house prices reach £1m

Surrey’s Virginia Water sees average house prices reach £1m

The average price for a house in Virginia Water is over £1 million, making it the most expensive town in England for properties.

Summary:

  • Virginia Water has the most expensive property values in England
  • They typically cost more than £1 million
  • This is a 6% rise on their average price in 2012

Virginia Water in Surrey has been found to be the most expensive town in the UK, with average property values exceeding £1 million.

Zoopla has revealed its Property Rich List for England, showing house prices in the area are typically £1,034,368 – a 6% rise on 2012’s figures.

It also reported the average asking price is £2,294,451, while the typical asking rent is £5,355 per month.

Martin Ellis, Housing Economist at Halifax, said: “In London, when you are talking about real prime areas, it is foreign buyers who have been coming in and looking to invest. They see it as a haven. But places like Virginia Water are prosperous areas too.”

The steep values are likely to be the result of the number of celebrity residents in Virginia Water, with Sir Bruce Forsyth, Sir Cliff Richard and Sir Elton John calling the area home.

Virginia Water’s high values are nearly £200,000 more than the next most expensive town to buy property in the UK, Cobham, also in Surrey, where values average at £842,806.

Also in the top five are Beaconsfield in Buckinghamshire (£806,459), Keston in London (£785,399) and Esher in Surrey (£774,265).

Zoopla revealed Kensington Palace Gardens is the highest value street in the country, with property values averaging £36,066,148, followed by The Boltons – also in London – with houses typically costing £23,375,758.

Lawrence Hall of Zoopla said: “Even lottery winners can only fantasise about owning a home in streets like Kensington Palace Gardens.”

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