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Ormskirk road named among UK streets where property prices vary the most

Ormskirk road named among UK streets where property prices vary the most

by Henry James (December 2020)

A ROAD in Ormskirk has been named among the UK streets where property prices vary the most.

Free online estate agents Strike revealed that in 2020 there was more than £1.5m between the most and least expensive house sold on Crosshall Brow.

Cross Hall was the most expensive property sold there this year, with the buyer splashing out £2m. The £3.5 acre detached property comes with its own swimming pool, five bedrooms and six reception rooms.

Cross Hall Farm on the same street also featured five bedrooms, as well as a private courtyard and double garage, and it sold for less than a quarter of that price, at £480,000.

Using the latest HM Land Registry data, Strike, identified the roads with the largest difference in value between the most and least expensive property sold so far in 2020.

Of nearly 250,000 streets where a house has sold this year, Brompton Square in the Royal Borough of Kensington and Chelsea (London) has the largest range, with a staggering £11.3m between its highest and lowest sale. 

Nearly all of the top 10 streets are in London, with Blackfriars Road, Southwark (£8.35m) and Cork Street, City of Westminster (£7.3m) having the second and third largest differences.

The one exception is Banks Road on the famously exclusive Sandbanks peninsula in Poole, Dorset - home to football icons, Harry and Jamie Redknapp. The most expensive property was a five-bedroom, two-bathroom detached house at number 117 that sold for £6.85m in August. In comparison, Flat 2 in Carina Court, with its three bedrooms and private beach chalet, was a steal, going for £1.76m on the same day.

Sam Mitchell, CEO at Strike, said: “It’s fascinating that house prices can vary by such large sums within a matter of metres. Over 250 UK streets had a value range of over £1m — and this variation presents an exciting opportunity for buyers and investors.

“Let's be honest — most of us don't have seven figures to invest, but this useful insight can be used anywhere. Wherever you want to live, looking for a street with a big range in prices may reveal a savvy investment opportunity. You can find streets with big differences in prices all over the country."

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