The Surrey village of Virginia Water has become the first place outside London where house values average more than £1m!
Famed as the home of Bruce Forsyth and Wentworth golf club, the leafy "village" was yesterday crowned the most expensive in the country in a survey that revealed a huge jump in the number of property millionaires across Britain.
Virginia Water itself has seen a 6% rise in property prices over the pay year according to statistics, with homes on Portnall Rise, located on the exclusive Wentworth Estate, changing hands for a staggering average of £4.3 million.
The success of the real estate market in the area is not a coincidence. James Wyatt, Resident of Virginia Water and Partner of Barton Wyatt, the town’s leading estate agency, commented:
“Having lived in and around Virginia Water all my life, running my business and raising my three children here, I can personally vouch that Virginia Water is and always will be an exceptional place.
“Blessed with good schools, leafy areas for families to enjoy and great links into Central London as well as international airports, this town has everything you need and more with the Wentworth Estate complete with PGA Championship golf courses on your doorstep and true a community feeling.
“But of course, with Virginia Water being such a desirable place to live, this has impacted the local property market, driving prices higher and higher over the years and I’m not surprised to see that it now ranks the first and only town in the UK with the average home costing £1 million or more. Having said that, there are properties in the area which remain affordable, it’s just about knowing where to look.”
Virginia Water is not the only village where the real estate market has soared, recent developments on the scene eventuated the following list of average house prices:
1. Virginia Water, Surrey £1,034,368
2. Cobham, Surrey £842, 806
3. Beaconsfield, Bucks £806, 459
4. Keston, Kent £785,399
5. Esher, Surrey £774, 779
6. Chalfont St Giles, Bucks £718, 229
7. Richmond, Surrey £718, 229
8. Gerrards Cross, Bucks £717, 319
9. Radlett, Herts £691, 211
10. Welwyn, Herts £687, 558
Prices also continued to increase in the traditionally popular locations, housing website Zoopla found there had been a 32 per cent rise in homes valued over a million in the last year – a total of 323,684.
Shifting focus away from villages and returning to London, we can find that the most expensive neighbourhood is Kensington Palace Gardens, with the average property value of £36m which means that now it can be named as the UK’s most expensive neighbourhood.
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