Town Where One In Two Homes Is Worth More Than £1m !!

Date Published 30 May 2012

Virginia Water in Surrey is the UK’s number one property millionaire hotspot, according to PrimeLocation. It has more £1m-plus homes than anywhere else in the UK, with almost half of its properties worth £1m or more – all of which probably helps explain why James Wyatt, of Barton Wyatt, seems so permanently cheerful.

By comparison, across the UK as a whole, the average proportion of homes worth over £1m is 3.1%.

Close behind Virginia Water is Radlett in Hertfordshire, where 47% of the housing stock is worth £1m-plus. Cobham, which is home to Chelsea’s training ground, is third in the table with 39.5% of homes reaching the £1m price point.

Notably, all the millionaire hotspots are in the South-East, including Gerrards Cross where Trevor Kent reigns supreme, with the exception of Salcombe, Devon. It is also worth pointing out that three of the top ten towns are within four miles of each other, making Gerrards Cross, Chalfont St Giles and Beaconsfield an outstanding place for millionaire-spotting.