Estate agent Keller Williams UK analysed sold prices across the market in England and Wales since the start of the year and found a stamp duty holiday-fuelled market has seen residential property sales hit £68.8bn.
With the top ten predictably dominated by London, Camden and Barnet saw £262.5m worth of property sold, with Merton and Wandsworth in SW19 next with £248.8m. Kensington and Chelsea’s W8 postcode pops up in fifth place at £225,963,338 and W11, also Kensington and Chelsea, including Westminster, Hammersmith and Fulham is in sixth at £212,426,624.
However, the only top ten postcode outside London is BN3 postcode in Brighton and Hove, which has seen £206m worth of homes sold since the start of the year, making it the eighth-most valuable property postcode across England and Wales and the most valuable outside of London.
Brighton’s BN2 postcode also makes the list (£157m), and on the list outside the capital, the SL6 postcode in Maidenhead (£169.7m), the Dorset postcode of BN2 (£157m), SO41 in the New Forest (£125.9m), the Manchester postcode of WA15 (£120.7m), Southend’s SS9 postcode (£118.5m), BA2 in Bath (£117.1m) and Horsham’s RH12 postcode (£112.3m).
Chief executive of Keller Williams UK, Ben Taylor said despite London’s lethargic property price growth performance over the last year, it’s still home to the top postcodes.
“However, while the capital continues to dominate the headlines, the UK property market is far from a one-trick pony. When looking outside of the M25 there is a range of areas performing very strongly spanning the length and breadth of the UK and it will be interesting to see which postcodes remain the most valuable come the end of the year.”