The most expensive streets in Scotland revealed

The most expensive streets to buy a home in Scotland have been revealed by analysis from from the UK’s biggest property website.

The findings were released by Rightmove as separate research indicated that one in five (20%) aspiring first-time buyers do not think they will be in a position to make a purchase until they are at least in their 40s.

Rightmove revealed the top five streets in Scotland which have commanded the highest typical property price tags this year so far.

Simpson Loan looking on to The Meadows in Edinburgh is Scotland’s most expensive street with the average asking price of £534,167.

Second is Clarkston Road, near Muirend in Glasgow, at £308,125, while home on Hyndland Road in Glasgow’s West End commanded an average asking price of £287,500.

Cecil Street in Hillhead is ranked fourth with an average asking price of £284,167, while Camphill Avenue in the city’s Southside had an average valuation of £246,167.

Rightmove’s research was based on streets where there have been at least five properties for sale this year, and so not all streets have been included.

The research follows a Scottish Government housing market review last week which found rent has risen by at least 11.7% across the private rented sector in the past year.

Hyndland Road in Glasgow's West End — Hyndland Road in Glasgow’s West End Google Maps

The highest increase was seen in shared, one-bed homes, where average rent increased by 15.1% to £490 per month.

Two-bed homes increased by 14.3% to £841 per month, while three and four-bed homes increased by 13.3% and 13.4% respectively.

A survey by Nationwide Building Society found that nearly half (48%) of people looking to get on the property ladder believe their prospects of owning a home are further away than ever due to the cost-of-living crisis.

When asked about the biggest barriers to getting that first home, nearly a third (31%) highlighted saving for a deposit, while 44% pointed to issues with affordability.

A fifth (20%) said finding somewhere in their price range is an issue, 14% highlighted being able to afford the monthly repayments, and one in ten (10%) pointed to the ability to borrow enough for the mortgage.