A study has found that Cambridge is home to the most expensive street in the East of England. With the average price of around £4 million for a property, it’s no surprise Chaucer Road in Cambridge takes the crown.
The annual study complied by Halifax has ranked the streets in England and Wales with the most expensive average house prices. From this, it was found that the most expensive street in the East of England was found in Cambridge.
Many may have already heard of Chaucer Road, as it is known as the ‘Millionaires Row’ in Cambridge. On these streets, you’ll find grand, luxury detached houses many of which are well over £3 million.
The study from Halifax found the average house price on Chaucer Road to be £4,240,000. This beat other well-known millionaire streets in Cambridge including Storeys Way, Cranmer Road and Clarkson Road.
Not only does Chaucer Road offer some of the most luxurious homes but its position nearby the city centre makes it just a short walk from the beautiful Botanic Gardens. The River Cam is also located nearby for those picturesque evening strolls.
The location of the street is sure to play a factor in the high price of these properties being just a short distance to the city centre. But known for its beautiful scenery of horse fields and green areas surrounding the homes, this is sure to be another factor for its hike in price too.
Not to mention the scale of the properties. It is clear to see why the average price of a property here is around £4 million, as you’ll find character along the road with many different types of homes, all large and striking.
Chaucer Road has previously been ranked as the most expensive street in Cambridge by Zoopla earlier in the year. And with both these acknowledgements, we can’t see this changing anytime soon.