New research by estate agency Yopa has revealed that some of England’s most sought-after – and expensive – postcode areas lie far beyond the usual luxury hotspots of Surrey and Buckinghamshire, with Northumberland, the West Midlands and County Durham featuring prominently among the highest postcode price premiums in the country.
Using the latest Land Registry sold price data, Yopa analysed the average house prices across English postcodes and compared them with their wider county averages to identify where buyers pay the steepest premiums to secure a home.
Unsurprisingly, London’s W1 postcode – covering the capital’s glitzy West End districts of Soho, Fitzrovia and Mayfair – came out on top.
Homes here command an average price of more than £2 million, equating to a 260% premium on the Greater London average of £555,625.
SURPRISE LOCATION
But in second place, perhaps less expected, is NE20 in Northumberland. This largely rural area – stretching north of Newcastle and encompassing affluent villages near the National Park – sees average sold prices of £613,536. That’s a 202% premium over the county’s average of £203,230.
Next is the B94 postcode just south of Birmingham, where average prices reach £662,586 – 187% above the West Midlands average of £231,094. The area is prized for its scenic countryside, lakeside living and excellent transport links.
Meanwhile, the TS22 postcode in County Durham – north of Middlesbrough – boasts an average sold price of £381,136, a 180% markup on the wider county average of £136,182.
Other high-ranking postcode premiums include CH60 (178%) in Merseyside, SO42 (171%) in Hampshire, S17 (164%) in South Yorkshire, and WA15 (161%) in Greater Manchester.
PROPERTY HOTSPOTS
Steve Anderson, Yopa’s National Franchise Director, says: “Each county has its own property hotspots, but outside of London, the biggest postcode premiums are typically found just beyond major urban centres.
“These sweet spots offer larger homes in green, tranquil settings – close enough for commuting, yet far enough for peace of mind.
“Top schools, quality of life, and limited housing stock fuel competition and drive prices even higher. These areas appeal to second-steppers and young families who want space without sacrificing connectivity.”
