Revealed: Here are Scotland's most expensive streets

A street in Scotland’s capital has been named the most expensive in the country for a second year in a row.

Regent Terrace in Edinburgh, on the upper south side of Calton Hill, is home to houses averaging a price of £1.68 million, Royal Bank of Scotland research found.

The street is in the Edinburgh New and Old Town Unesco World Heritage Site.

Regent Terrace in Edinburgh has been named as Scotland's most expensive street for the second year running

Ann Street in Stockbridge is second, with houses averaging £1.59m, and Danube Street, just around the corner, is third at £1.41m.

The city’s Wester Coates Gardens, where houses cost £1.33m on average, was fourth and Hope Terrace in south Edinburgh, at £1.28m, completes the capital’s top five.

Just two of the ten most expensive streets are outside the capital. The Scores in St Andrews is home to houses costing an average of £1,280,000, and Earls Gate in Bothwell, South Lanarkshire, averages £1,171,000.

The research this year had two new entries in the country’s top 25 list – both by the coast.

In at 23rd is Hill Road in Gullane, which will set buyers back an average of £1.08m, and in 25th place is King’s Cairn, North Berwick, where a coastal property costs an average of £1.07m.

Graham Blair, director at Royal Bank of Scotland, said: “While Edinburgh continues to attract the highest house prices in Scotland, the entry of two coastal roads outside the city is indicative of the housing market over the past 18 months.

“Priorities have changed – homes that offer more space are more valuable to buyers than homes in prime commuting locations.

“Therefore, those with deeper pockets are starting to look further afield for their forever home.”

The average UK house price was £3,000 lower in October than a record reached the previous month, according to Office for National Statistics figures released this month.

The figures showed the typical property value in October was £268,000, down from a peak of £271,000 in September.

Despite the fall, the average house price was still £24,000 higher than a year earlier.

Prices increased by 10.2 per cent over the year to October, slowing from 12.3% in September.

Average house prices in Wales increased over the year to a record of £203,000 (15.5 per cent annual growth), in Scotland to £181,000 (11.3 per cent), in England to £285,000 (9.8 per cent), and in Northern Ireland to £159,000 (10.7 per cent).

Scotland’s 25 most expensive streets with their average house cost are:

Regent Terrace, Edinburgh (£1,679,000)

Ann Street, Edinburgh (£1,585,000)

Danube Street, Edinburgh (£1,405,000)

Wester Coates Gardens, Edinburgh (£1,327,000)

Hope Terrace, Edinburgh (£1,283,000)

The Scores, St Andrews (£1,280,000)

Northumberland Street, Edinburgh (£1,265,000)

Pavilion Crescent, Edinburgh (£1,203,000)

Cumlodden Avenue, Edinburgh (£1,200,000)

Earls Gate, Bothwell, South Lanarkshire (£1,171,000)

Manor Place, Edinburgh (£1,165,000)

Warriston Crescent, Edinburgh (£1,164,000)

Kinnear Road, Edinburgh (£1,151,000)

Hermitage Gardens, Edinburgh (£1,143,000)

Donaldson Crescent, Edinburgh (£1,141,000)

Gloucester Square, Edinburgh (£1,127,000)

Peel Road, Thorntonhall, South Lanarkshire (£1,124,000)

Barnton Park, Edinburgh (£1,124,000)

Barnton Avenue West, Edinburgh (£1,116,000)

Blacket Place, Edinburgh (£1,102,000)

Saxe Coburg Place, Edinburgh (£1,101,000)

Nile Grove, Edinburgh (£1,078,000)

Hill Road, Gullane (£1,075,000)

Woodhead Drive, Glasgow (£1,067,000)

King’s Cairn, North Berwick (£1,066,000)