The latest research from estate agent comparison site, GetAgent.co.uk, has looked at which postcodes across the nation are the most valuable when it comes to the average price paid by UK homebuyers in the last year.  

GetAgent.co.uk compiled data from Land Registry property transactions over the last year, breaking each sale down to postcode level to see which two to four digits had the highest property pedigree.  

London

Of course, the capital tops the list and in fact, the top 22 most valuable postcodes are all located in London across the boroughs of Kensington and Chelsea and Westminster.  

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The cream of the crop is W1J, where property sold prices averaged a respectable £7.6m over the last year. SW1A follows with an average sold price of £5.5m, with W1S (£4.3m), W1K (£4.1m) and SW1X (£4m) also amongst the most prestigious.

Outside of London

While the capital dominates there are postcode pockets outside of London where the average sold price is £1m plus. GU25 in Surrey is the most expensive property postcode (just) outside of the M25. Property sold prices in the area averaged £1.5m last year placing it in the mix with the capital’s big hitters.

You’d be forgiven for thinking this exclusive property price club is restricted to the South, but you would be mistaken. Manchester’s M2 postcode flies the flag for the North, with an average sold price of £1.3m.

Buckinghamshire’s HP9 is the only other postcode where sold prices have averaged over £1m in the last year at £1,089,664.  

At the other end of the scale, Stockton’s TS2 ranks as the most affordable postcode with an average sold price of just 34,000, with 40 other postcodes also seeing the average property price come in under the £100k mark.  

Founder and CEO of GetAgent.co.uk, Colby Short, commented:

“Apparently there’s been a Brexit inspired market slowdown? Although someone clearly forgot to inform homebuyers in these pricey postcodes, with the average selling price remaining at a very healthy level indeed.  

When it comes to the prices being paid for the property in these postcodes it boils down to two things. Prestige and supply. Well to do homebuyers want the prestige of living in one of these well-renowned postcodes but unfortunately, there’s only a finite supply of homes available within them.  

Therefore when one does hit the market, not only does it hold its value pretty much regardless of wider market conditions, but the chances of two or more buyers running the price up in a bidding war are also high.  

Who would have thought four little letters could have such an impact on property prices?” 

Top 20 Postcodes with the Highest Average Sold Price in London
Postcode Average of Sold Price Town or Borough County
W1J £7,638,455.88 CITY OF WESTMINSTER GREATER LONDON
SW1A £5,537,000.00 CITY OF WESTMINSTER GREATER LONDON
W1S £4,340,004.33 CITY OF WESTMINSTER GREATER LONDON
W1K £4,172,888.89 CITY OF WESTMINSTER GREATER LONDON
SW1X £3,988,805.88 KENSINGTON AND CHELSEA GREATER LONDON
W8 £3,116,885.02 KENSINGTON AND CHELSEA GREATER LONDON
W1B £2,777,623.00 CITY OF WESTMINSTER GREATER LONDON
WC2E £2,692,534.09 CITY OF WESTMINSTER GREATER LONDON
SW3 £2,580,763.56 KENSINGTON AND CHELSEA GREATER LONDON
SW1W £2,522,484.10 CITY OF WESTMINSTER GREATER LONDON
W1U £2,323,253.52 CITY OF WESTMINSTER GREATER LONDON
W1G £2,301,256.00 CITY OF WESTMINSTER GREATER LONDON
SW7 £2,181,610.54 KENSINGTON AND CHELSEA GREATER LONDON
W11 £2,066,385.40 KENSINGTON AND CHELSEA GREATER LONDON
W1W £2,032,254.68 CITY OF WESTMINSTER GREATER LONDON
EC3R £1,827,058.58 CITY OF LONDON GREATER LONDON
WC2R £1,725,000.00 CITY OF WESTMINSTER GREATER LONDON
WC2N £1,713,562.50 CITY OF WESTMINSTER GREATER LONDON
SW10 £1,710,795.47 KENSINGTON AND CHELSEA GREATER LONDON
WC2A £1,689,578.81 CITY OF WESTMINSTER GREATER LONDON
       
Top 20 Postcodes with the Highest Average Sold Price Outside of London
Postcode Average of Sold Price Town or Borough County
GU25 £1,530,666.83 RUNNYMEDE SURREY
M2 £1,351,500.00 MANCHESTER GREATER MANCHESTER
KT11 £1,092,399.55 ELMBRIDGE SURREY
HP9 £1,089,663.74 SOUTH BUCKS BUCKINGHAMSHIRE
HP8 £979,032.19 CHILTERN BUCKINGHAMSHIRE
KT10 £938,851.25 ELMBRIDGE SURREY
WD7 £917,783.19 HERTSMERE HERTFORDSHIRE
SL5 £855,915.31 WINDSOR AND MAIDENHEAD WINDSOR AND MAIDENHEAD
KT24 £841,489.71 GUILDFORD SURREY
SG10 £827,789.47 EAST HERTFORDSHIRE HERTFORDSHIRE
KT13 £801,932.26 ELMBRIDGE SURREY
SL9 £790,680.00 CHILTERN BUCKINGHAMSHIRE
AL5 £786,594.92 ST ALBANS HERTFORDSHIRE
RG9 £757,063.61 SOUTH OXFORDSHIRE OXFORDSHIRE
KT7 £755,032.45 ELMBRIDGE SURREY
TQ8 £743,703.62 SOUTH HAMS DEVON
BH13 £734,121.00 BOURNEMOUTH DORSET
SO42 £708,022.22 NEW FOREST HAMPSHIRE
TN13 £698,345.20 SEVENOAKS KENT

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