Our latest research highlights what postcodes across England and Wales have been the most lucrative so far in 2017 where the total value of residential property sold is concerned, as well as which is home to the highest (& lowest) average sold price per property.

Using sold price data from the Land Registry, we calculated the total monetary value of homes sold in each outcode, before looking at the average transaction value to not only highlight those with the highest spend but also where has the highest sold price tag per property. Of course, London dominates where property prices are concerned, so the research also looks at where outside of London is home to the highest property price postcodes.

United Kingdom

Largest Total Sum of Property Sold

Topping the list for the highest amount of property sold is BN3, in Brighton and Hove, where the sum of completed properties amounted to £459,162,154 at an average price of £453,718 per property. It is trailed by SL6 in Maidenhead with £438,838,878, where homes sold for £547,181 on average.

Brighton and Hove is also home to the second and third highest, with BN1 and BN2 taking the next two spots with property sales totalling £399,650,809 and £365,812,206, respectively. Next up is BA2 in Bath, where the sum of sold properties adds up to £317,442,525.

The top ten also includes outcodes from Christchurch (BH23), Bristol (BS16), Horsham (RH12), Ascot (SL5) and Chelmsford (CM1).

Highest Average Sold Price

The postcodes across the England and Wales averaging the highest sold prices are dominated by Surrey and Buckinghamshire, for the most part. At the top is GU25 in Surrey’s Virginia Water with an average sold price of £1,459,960.

Buckinghamshire’s HP8 in Chalfont St. Giles places in second with £1,107,702. Again, Surrey takes third and fourth place with KT11 in Cobham (£1,056,528) and GU20 in Windlesham (£1,028,235). Staying close behind, HP9 in Beaconsfield (Buckinghamshire) enjoyed an average sold price of £1,023,113.

Lowest Average Sold Price

The most affordable outcodes for the average sold price per a property are spread across Middlesbrough, Wales, Lincolnshire, County Durham and Merseyside.


Largest Total Sum of Property Sold

SW11 in Wandsworth takes the lead across the capital by a long shot with a sum of sold properties amounting to £1,093,275,958, with an average price tag of £938,434.

The next highest is NW3 in Camden with a sum of £659,559,428 in property sales so far this year, with SW6 in Hammersmith and Fulham third with £647,756,178.

Heading East, E14 in Tower Hamlets has seen a sum of £581,560,593 in sold property this year, followed by prime central London’s SW3 in Kensington and Chelsea amounting to £564,069,608. The top 10 list also includes Croydon (CR0), Kensington and Chelsea (W8), Merton (SW19), Southwark (SE1) and the City of Westminster (W2).

Highest Average Sold Price

The City of Westminster and the Royal Borough of Kensington and Chelsea have a monopoly in the top 10 highest average sold prices and are all above the £2m mark. At the top with an average sold price of £4,225,651 is W18 in the City of Westminster and SW1X in Kensington and Chelsea with an average price tag of £3,740,942.

Lowest Average Sold Price

But the silver lining in the property market is that potential home buyers should look towards Bexley and Greenwich for the most affordable average sold prices. Bexley’s DA18 and DA8 outcodes have an average sold prices of just £225,462 and £275,499, respectively. Property in Greenwich’s SE28 is also averaging at just £273,712 this year.

Barking and Dagenham, Hounslow and Enfield are the other three boroughs with outcodes in the top 10 most affordable for average sold price per property.

The property market has weathered some tough conditions over the course of the year and despite a marginal slowdown, this research shows there has still been an eye-watering amount of money transacted, most notably in Brighton which has fast become the go-to property hotspot outside of the capital.

Of course, a high sum of money spent translates very differently depending on what end of the market you are talking about, and so topping the list doesn’t guarantee that the market is thriving in terms of transaction levels. However, the average price paid does give an idea as to where the market is prospering in terms of the price secured for an individual property.

At the other end of that scale, the postcodes with a lower average sold prices are a good market indicator for first-time buyers and those with a lower budget looking to buy.

It goes to show that if you look hard enough there are still pockets all over the nation that offer an alternative for buyers priced out of the more inflated areas.

Russell Quirk

Founder and CEO , Emoov.co.uk

or click here to return to Emoov