Newspaper article The Journal (Newcastle, England)

Streets Join the Millionaire Club; but North Is Still Far Behind London

Newspaper article The Journal (Newcastle, England)

Streets Join the Millionaire Club; but North Is Still Far Behind London

Article excerpt

Byline: Richard Fletcher

TWO streets in the North East have made it into a list of millionaires' rows. The top 20 most expensive streets in the North have been revealed, and the majority are in Tyneside and Northumberland.

Lloyds Banking Group has listed the most exclusive addresses based on data from the Land Registry for the period 2006-2010.

For the top two streets, the average resident is living in a house worth more than a million pounds, and even the bottom few are worth more than half a million.

Topping the list is Graham Park Road, just off the Great North Road in Gosforth, Newcastle, with house prices averaging pounds 1,228,000. The other road topping the million-pound mark is Western Way in Darras Hall, Northumberland, at pounds 1,141,000.

Last year's front runner, indicated in a survey by Halifax also based on Land Registry data, was Lindisfarne Road in Jesmond, but its average value has dropped in the last 12 months from pounds 1,003,822 to pounds 973,000, dropping it to number three.

The Gosforth NE3 postcode dominates the table, with eight of the 20 in the list. Oakfield Road has an average value of pounds 862,000, and also featured are Grove Park Square, Moor Crescent and Osbaldeston Gardens.

Darras Hall also features heavily, with five entries in the list. But its top street from last year's figures, Darras Road at number two, has dropped to number five at pounds 793,000, down from pounds 830,750.

Runnymede Road, the winner in 2004-2008, is close behind at pounds 739,000, Edge Hill is 17th at pounds 590,000, and 20th is Eastern Way with a pounds 579,000 average. The downturn's effects are still evident as when Runnymede Road topped the table the average price was pounds 1,135,625.

Whalton Park in Gallowhill to the west of Morpeth is Northumberland's only other entrant, at 15th on pounds 594,000. Cullercoats in North Tyneside also puts in an appearance with Beverley Gardens at 19th on pounds 579,000.

County Durham's only entry, Westhouse Avenue, stays in the list at pounds 630,000, up from pounds 598,422 from last year's figures. …

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