TWO streets in East Lothian have been named for the first time as being among the most expensive in Scotland to buy a home.
A property in King’s Road, Longniddry, will cost an average of £841,000, making it the 16th costliest residential street in the country, while Abbotsford Road, in North Berwick, is Scotland’s 15th dearest, with a house costing £850,000 on average.
But the Bank of Scotland research revealed that the Capital still remains home to the most expensive stretches in Scotland, with half of the top 20 priciest streets within the city.
For the second successive year, Dick Place in the Grange was named as Scotland’s most expensive street, with the average home costing almost £1.7 million.
Swanky Ann Street, in Stockbridge, came in third, with the average home costing upwards of £1.2m, while Hillpark Grove in Ravelston, where prospective residents can expect to spend £967,000 to move in, came fourth. The top five was completed by two addresses in Aberdeen.
Retired sea captain George Tait, who has lived in leafy King’s Road, Longniddry, for more than three decades, said it was “nice to know” that he had one of the most exclusive addresses in Scotland.
“It is a good street. We’ve been here 35 years so I think that speaks for itself,” the 71-year-old said. “It’s close to the sea so we can appreciate the views. It’s got some nice houses and there’s nice people around.
“It certainly didn’t cost us that amount when we moved in. There’s definitely a community spirit, I think it’s just like any other place in Scotland.
“Most of us are retired and we don’t see each other out and about too often, but if we do we always acknowledge each other, it’s friendly enough.”
Last year, no addresses in East Lothian, West Lothian or Midlothian were included in the list, which in 2011 included 13 Edinburgh addresses.
Four of the top 20 streets were in the EH4 postcode area, three were in EH9, two were in EH1 and one was in EH3. Three streets in the top 20 were in Glasgow, three were in Aberdeen and one was in Ayr.
The list was calculated using sale prices between November 2007 and October this year. Streets were only included if there had been at least seven sales in the period.
Nitesh Patel, an economist at the Bank of Scotland, said: “Scotland’s most expensive residential streets are concentrated around the cities of Edinburgh, Glasgow and Aberdeen.
“Half of Scotland’s most desirable addresses are in the Capital, which has a mixture of classical architecture in the Old Town and Georgian buildings of the New Town.”