St Albans scores high on list of Britain’s property millionaires

PUBLISHED: 09:00 13 February 2018 | UPDATED: 09:19 13 February 2018

The number of property millionaires is on the increase

The number of property millionaires is on the increase

AndreyPopov

St Albans has the sixth highest number of property millionaires in Britain outside London, a new study has revealed.

According to Zoopla, 10 per cent of St Albans’ housing stock is made up of £1m-plus properties – a total of 4,981 individual homes.

The current average property value in St Albans is £596,890.

Guildford topped the list with 5,889 £1m-plus properties, followed by Cambridge, Reading, Sevenoaks and Oxford.

Not surprisingly, most of Britain’s 768,553 property millionaires – whose homes account for 2.7 per cent of the nation’s housing stock - live in London.

There are 430,720 £1m-plus homes in the Greater London area - 12.8 per cent of the capital’s total.

And their number is ever increasing: there are now 143,476 (22.95 per cent) more property millionaires in Britain than there were in August 2016 when the data was last analysed.

Lawrence Hall, spokesperson for Zoopla, said: “Whilst there might be a greater number of £1m-plus properties than ever before, the data shows that they still only represent a small fraction of all UK housing stock.”

Want to see when you’ll make the property rich list? Have a look at Zoopla’s £1m property calculator tool, which shows homeowners when their property might make the cut.

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