Bank of Scotland

Edinburgh's dick place is Scotland’s most expensive street for second year running

28 December 2012

For the second year in succession Dick Place in the Grange area of Edinburgh is Scotland’s most expensive residential street with an average house price of £1,686,000, according to latest research from Bank of Scotland.

Edinburgh has a mixture of classical architecture from the medieval Old Town and the Georgian buildings of the New Town, all overlooked by the famous castle, alongside modern developments. It is not surprising that half of the 20 most expensive streets are in Edinburgh, given its position as the political and financial capital of Scotland.

Some of the other most expensive streets in Edinburgh are Ann Street with an average property price of £1,208,000, Hillpark Grove (£967,000), Barnton Avenue West (£937,000) and Redhall House Avenue (£934,000).

Five of Scotland's top 20 addresses are in the EH3 and EH4 postal districts, including the New Town area and the West End which contains the financial district.

After Dick Place, the most expensive street in Scotland is Rubislaw Den South in Aberdeen, with an average price of £1,455,000. Also in Aberdeen is the fifth most expensive address in Scotland - Earlspark Avenue (£944,000).

Glasgow’s most expensive streets are Park Drive in Thorntonhall (£923,000) and Burnside Road (£903,000).

Outside Scotland’s three major cities the most expensive homes are on Mar Hall Avenue in Bishopton in Renfrewshire (£929,000) and Belleisle Drive in Ayr (£823,000).

Nitesh Patel, economist at the Bank of Scotland, commented:
“Scotland’s most expensive residential streets are concentrated around the cities of Edinburgh, Glasgow and Aberdeen. Half of Scotland’s most desirable addresses are in the capital, which has a mixture of classical architecture in the Old Town and Georgian buildings of the New Town, alongside modern developments in central locations. "

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