Bank of Scotland

ST. ANDREWS STILL HOME TO SCOTLAND’S MOST EXPENSIVE STREET

23 December 2017

The home of golf has retained the title of having Scotland’s most expensive street, according to research from Bank of Scotland. Golf Place, which is a short walk from the famous Old Course has an average house price of £2,179,000. (See table 1)

Golf Place is in a great location near the 18th hole of the world famous Old Course and has magnificent views of the Royal & Ancient Golf Club and West Sands beach. It is also within walking distance of most of the major attractions in St Andrews.

Half of Scotland’s most expensive streets are in Edinburgh

Dominating the top 20 table, Edinburgh still has the highest number of expensive streets in Scotland. Aberdeen now only accounts for four of the prestigious locations and Glasgow now has five compared to three last year.

Edinburgh’s most expensive residential street is still Ettrick Road with an average house price of £1,899,000. Ettrick Road also retains its place as second most expensive street in Scotland. Regent Terrace, which sits within the New and Old Town is the second most expensive street (£1,371,000) in Edinburgh and Heriot Row (£1,334,000) remains the third most expensive. (See table 2)

In Aberdeen, Deeview Road South has taken first place with an average house price of £1,232,000. Rubislaw Den South is the second most expensive street in Aberdeen at £1,224,000 with Friarsfield Way coming in third (£1,132,000). (See table 3)

Meanwhile in Glasgow, newly crowned most expensive street Capelrig Lane boasts a price tag of £1,550,000 which is £533,000 more than last year’s most expensive street, Baroness Drive (£1,017,000). Capelrig Lane comprises only seven individually designed residences with great links to a host of private sporting clubs such as Mearns Castle Golf Academy and Whitecraigs Tennis Club. (See table 4)

Graham Blair, mortgage director at Bank of Scotland, said, “No location in Scotland is on par with St. Andrew’s when it comes to the nation’s most desirable addresses.

“It should come as no surprise that Edinburgh, Aberdeen and Glasgow all dominate the list of most expensive streets in Scotland. What is surprising is that there are only 14 locations outside of the big three cities that appear on the list within the top 100.”

Outside of Edinburgh, Aberdeen and Glasgow

St. Andrew’s is now the only location outside of the top three cities of Edinburgh, Glasgow and Aberdeen that appears in the top 20. Milltimber, six miles west of Aberdeen and close to top performing Cults Academy is the next location outside of the top three cities at number 25 in the list costing an average of £964,000.

Grange Road, next door to Earlsferry Links golf club in Elie, Fife is next on the list (46th) outside of the top three cities, costing an average of £878,000.

The city of Dundee doesn’t make an appearance until much later in the list. The first street in the city, and the only entry for Dundee in this year’s research, is Braeside which is the 185th most expensive street in Scotland at £631,000.

 Across Scotland, there are 93 streets with an average price tag of over £750,000.

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