Despite a challenging market, over £250bn worth of residential property was sold in the last year.
Most lucrative in England and Wales
The most lucrative postcode? Of course, it’s in London with the capital also home to the largest amount of property sold across all regions, but it’s not in Kensington. SE1 covers parts of Hillingdon, Lambeth, Southwark and Wandsworth and saw just under £1.3bn worth of property transacted during 2018.
The second highest was also in Wandsworth with SW11 enjoying over £1.1bn worth of property sales.
Kensington does finally place third with £895.1m worth of property sales in the last year in W8. In fact, despite London bearing most of the Brexit brunt, the top 15 most valuable property postcodes are all located in the capital.
So where else around the country has performed well?
BN3 in the South East, covering Wealden and Brighton and Hove, is home to the most valuable property market postcode outside of London with £554,290,855 worth of property sold in the last year.
Also in the South East and spanning parts of Slough, South Bucks and Windsor and Maidenhead is SL6, the second most valuable property postcode outside of London at £549,531,484. BN1 and BN2 in Brighton rank third and fourth and BA2 in the South West comes in fifth.
Most valuable in other regions
Outside of London and the South East/West, AL5 is the most lucrative in the East of England while SK9 is the North West’s most valuable. In the East Midlands, it’s LE12 while in the West Midlands it’s CV37. CF14 in Cardiff is the most valuable Welsh postcode, with HG2 in the North East and HU17 in Yorkshire and the Humber completing the most valuable postcodes in each region.
Paul Telford, founder and CEO of OkayLah.co.uk, commented: “Despite lower levels of buyer demand and many sellers having to adjust their price expectations over the last year, London is still very much leading the way when it comes to the most valuable pockets of the property market. That said, while London accounts for the top 15, it’s encouraging to see there are lucrative property postcodes across England and Wales, with many holding their own against the capital.
It also demonstrates that in areas where buyers and sellers have ignored any prophecies of property market doom and gloom ahead of a Brexit deal, the world continues to turn, and people continue to buy and sell property.”
