Two Cambridge roads included on UK’s most expensive streets list
Counties in the south east of England dominate the top 20, with two sought-after Cambridge residential locations – Latham Road and Adams Road – occupying seventh and eighth spot respectively.
According to the research from price comparison website-based business MoneySuperMarket, the average house price on both Latham Road and Adams Road is £4.5million, with a massive 96 per cent deposit needed because otherwise the mortgage would be enormous.
The average price for the region is listed as £333,000,000.
Houses on Adams Road are said to cost 1,252 per cent more than the regional average, while a house on Latham Road costs 1,259 per cent more than the regional average.
Richard Freshwater, a director at Cambridge estate agency Cheffins, said: “Historically, Latham Road has always been the most expensive road in Cambridge.
“Many of the houses on the road were built for those connected to the university and there has been association between colleges and Latham Road residents for many years.
“The majority of houses were built in the 1920s and 1930s and range from around 3,000 to 7,000 sq ft, all on large, spacious plots.
“In addition, many of the houses have outlooks over sports grounds and Cambridge Golf Course and are still within an easy walk of the centre of town.”
He added: “Just off Grange Road, Adams Road is one of the most prestigious addresses in Cambridge. Houses on the road are some of the largest in Cambridge, with many on large plots and backing onto university sports grounds.”
The most represented county on the top 20 list is Surrey, with 10 streets, while Buckinghamshire, Hertfordshire and Essex make up the other south eastern counties.
The only county on the list not close to London is Gloucestershire, which came in at number 10.
Meanwhile, in the cheapest streets in the country – Davison Terrace in Sunderland and Imrie Street in Liverpool – you can pick up a house for just £15,000, with a deposit of just £750 required. A home in Latham Road is the equivalent cost of 300 of these.