Quality street houses top £1m

A PONTELAND street has an average house price of more than £1m, according to research from Lloyds TSB.

Using information from the Land Registry and Royal Mail, it has displayed the most expensive areas in England and Wales, as well as regional breakdowns, based on house transactions between January 2006 and October 2010.

Western Way in Darras Hall is number two on the North East list, with an average of £1.14m.

It is only beaten by Graham Park Road, just off the Great North Road in Gosforth (£1.23m).

Four other Darras Hall streets make the regional top 20, although its top street from last year’s figures, Darras Road at number two, has dropped to number five at £793,000.

Runnymede Road is in sixth place at £739,000, Edge Hill is 17th at £590,000 and 20th is Eastern Way with a £579,000 average.

Parkside in Merton – a short walk from Wimbledon’s All England Tennis Club in London’s SW19 – tops the national list with an average of £5.06m.

Nitesh Patel, housing economist at Lloyds TSB, said: “The national survey shows that the most expensive streets continue to be tightly clustered in relatively small areas.

“Unsurprisingly, the most expensive residential streets in England and Wales are in London.”