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Scottish Property Rich List 2009

- The definitive guide to THE most expensive places to live in Scotland -

21st Apr 2009

The Scottish Property Rich List 2009 out today has revealed Milltimber, AB13 in Aberdeen as Scotland's most expensive postcode with average property prices of over £430,000 and Auchterader as home to the country's most expensive street, Caledonian Crescent, where the average home tops an impressive £1.5 million.

Compiled by leading house prices website Zoopla.co.uk, which provides free value estimates for every UK home, the comprehensive guide highlights the most exclusive neighbourhoods and addresses across England, Scotland and Wales and is available in full at zoopla.co.uk/richlist.

Suburb Milltimber, AB13, west of Aberdeen was named as the Most Expensive Area in Scotland with an average house price of £422,760, followed by Humbie, EH36 in East Lothian (£377,582) and Aberdeen's AB15 (£342,239).

Scotland's Most Expensive Street was once again named as Caledonian Crescent in Auchterader where the average house price came in at a whopping £1,587,979. Second on the Scottish street list was Wester Coates Avenue, Edinburgh with an average home value of £1,241,431, followed by Dalmuinzie Road in Aberdeen at £1,194,214.

And despite the market downturn, Edinburgh still remains home to 199 streets where average home values remain over £500,000, whilst Glasgow recorded 118 such streets accordingly to the latest figures.

Alex Chesterman, CEO of Zoopla.co.uk commented:

"Despite the current economic climate much of Scotland's wealth remains tied up in the property market and whilst average house prices are down across the board on last year, there still remain some pretty impressive figures in this year's Scottish Property Rich List. Zoopla.co.uk provides the most comprehensive resource for the property market and offers free, instant value estimates on every UK home, allowing users to track the values of their homes and view local property market information on a regular basis."

- Ends -

For further information, please contact Stefanie Midmer on 0203 872 5697 / 07710 095 081 or stefanie.midmer@zoopla.co.uk.

Notes to editors

Results at a glance

Scotland's 20 Most Expensive Areas (source: data as at 16 April 2009 from Zoopla.co.uk)

Rank Area Average home value 12 month change (£) 12 month change (%)
    (April 20th 2009)    
1 AB13 (Milltimber) £422,760 -£32,905 -7.22%
2 EH36 (Humbie) £377,582 -£62,510 -14.20%
3 AB15 (Aberdeen) £343,239 -£26,352 -7.13%
4 EH10 (Edinburgh) £339,350 -£56,004 -14.17%
5 EH9 (Edinburgh) £312,747 -£49,516 -13.67%
6 EH46 (West Linton) £300,052 -£49,575 -14.18%
7 EH2 (Edinburgh) £296,628 -£49,208 -14.23%
8 EH31 (Gullane) £290,619 -£48,412 -14.28%
9 EH39 (North Berwick) £289,120 -£47,364 -14.08%
10 EH3 (Edinburgh) £286,699 -£43,408 -13.15%
11 PH38 (Lochailort) £285,562 -£39,568 -12.17%
12 AB31 (Banchory) £283,901 -£21,961 -7.18%
13 PA22 (Colintraive) £283,616 -£41,661 -12.81%
14 FK19 (Lochearnhead) £280,981 -£36,685 -11.55%
15 PA13 (Kilmacolm) £273,041 -£40,108 -12.81%
16 G63 (Glasgow) £270,268 -£19,116 -6.61%
17 G61 (Glasgow) £265,533 -£18,979 -6.67%
18 G12 (Glasgow) £260,160 -£18,198 -6.54%
19 PA25 (Cairndow) £258,403 -£37,956 -12.81%
20 FK15 (Dunblane) £257,555 -£33,628 -11.55%

Scotland's 20 Most Expensive Streets (source: data as at 16 April 2009 from Zoopla.co.uk)

Rank Area Average home value 12 month change (£) 12 month change (%)
    (April 20th 2009)    
1 Caledonian Crescent, Auchterarder PH3 £1,587,979 -£108,761 -6.41%
2 Wester Coates Avenue, Edinburgh EH12 £1,241,431 -£187,143 -13.10%
3 Dalmuinzie Road, Aberdeen AB15 £1,194,214 -£88,508 -6.90%
4 Succoth Place, Edinburgh EH12 £1,183,691 -£186,322 -13.60%
5 Houston Road, Kilmacolm PA13 £1,173,622 -£161,557 -12.10%
6 Harbour Road, Inverness IV1 £1,118,175 -£164,136 -12.80%
7 Craigielaw Park, Longniddry EH32 £1,080,729 -£108,192 -9.10%
8 Brighouse Park Gait, Edinburgh EH4 £1,080,401 -£118,712 -9.90%
9 Corrennie Gardens, Edinburgh EH10 £1,055,908 -£149,466 -12.40%
10 Midmar Drive, Edinburgh EH10 £1,055,304 -£151,309 -12.54%
11 Rubislaw Den North, Aberdeen AB15 £1,034,310 -£75,465 -6.80%
12 Munro Drive, Edinburgh EH13 £1,033,053 -£110,970 -9.70%
13 Barnton Avenue, Edinburgh EH4 £1,032,823 -£116,035 -10.10%
14 Ann Street, Edinburgh EH4 £1,023,297 -£113,700 -10.00%
15 Midmar Gardens, Edinburgh EH10 £1,005,616 -£141,824 -12.36%
16 Hermitage Drive, Edinburgh EH10 £993,185 -£141,235 -12.45%
17 Myreside View, Edinburgh EH14 £978,713 -£105,133 -9.70%
18 Hermitage Gardens, Edinburgh EH10 £964,448 -£136,520 -12.40%
19 Glenlockhart Bank, Edinburgh EH14 £962,746 -£104,600 -9.80%
20 Bridgend, Isle Of Islay PA44 £948,364 -£99,552 -9.50%

About Zoopla.co.uk

Zoopla.co.uk is a unique property website offering users information and tools to help them make better-informed property decisions. Our aim is to provide the most comprehensive source of residential property market information in the UK to help buyers, sellers, owners and estate agents alike and give them an advantage in the property market.

In 2007, following the success of bringing DVD rental to the web with LOVEFiLM.com, Zoopla founders Alex Chesterman and Simon Kain realised that the UK property market had yet to fully enjoy the benefits of the internet in terms of its ability to deliver transparency and efficiency. They set out with the mission to transform the property market for both professionals and consumers by:

  • offering users FREE access to instant value estimates, sold house prices and local information and trends
  • enhancing estate agents' marketing efficiency by providing exposure/leads on a pay-for-performance basis
  • helping users find local agents and other property professionals to assist them in the transaction process
  • letting buyers make offers on ANY UK home and owners test interest in their homes before choosing to sell
  • creating an environment where anyone can ask/answer questions and share their knowledge about homes

We have started by providing FREE value estimates, sold prices and local information as well as letting users add content by editing information and uploading photos. We are the UK's fastest growing property website and by far the largest and most active property community in the UK, with over a million user contributions to our website in 2008 alone. We have already launched some unique features, like TemptMe™ and AskMe™, which allow consumers to gain an insight into the market and discover information they won't find anywhere else. Our estate agent directory, FindAnAgent and our unique AskAnAgent feature allow users to contact local professionals directly for their expertise. Very soon we will begin accepting estate agent listing feeds and delivering buyer leads to agents on a no-risk, performance-based model, making Zoopla.co.uk the most cost-effective way for agents to gain exposure and develop their inventory pipeline.

Our value estimates are calculated using a proprietary algorithm (a secret formula) that we have developed by analysing millions of data points relating to property sales and home characteristics throughout the UK. The algorithm works by comparing relationships between home prices, economic trends and property characteristics in given geographic areas. Our estimates are constantly refined, using the most recent data available from public sources combined with our proprietary used-generated data and a variety of statistical methodologies, in order to provide the most current information on any home.

Zoopla Limited is a privately held company with a highly experienced and proven management team, backed by well-respected angel investors and leading venture capital firms Atlas Venture (atlasventure.com) and Octopus Ventures (octopusventures.com).

Zoopla.co.uk Awards

  • Winner: 'UK's Most Promising Internet Company 2008' (First Tuesday)
  • Winner: 'Best Property Website - Gold Award' (Web User Magazine)
  • Winner: 'Best Real Estate website 2008' (Websiteoftheyear.co.uk)

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