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 in the country are in Edinburgh, given its position as the political and financial capital of Scotland.
Other expensive streets in Edinburgh are Ann Street with an average property price of £1,208,000, Hillpark Grove at £967,000, Barnton Avenue West at £937,000 and Redhall House Avenue at £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 city’s 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 which is Earlspark Avenue at £944,000.
Glasgow’s most expensive streets are Park Drive in Thorntonhall at £923,000 and Burnside Road at £903,000.
Outside Scotland’s three major cities the most expensive homes are on Mar Hall Avenue in Bishopton in Renfrewshire at £929,000) and Belleisle Drive in Ayr at £823,000.
‘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,’ said Nitesh Patel, economist at the Bank of Scotland.
The house price and transactions data used in the report are compiled by the Registers of Scotland based on all post codes in Scotland. Only streets where there have been at least seven transactions over the period are included in this survey.