Radlett named as one of UK’s priciest property hotspots

The average asking price in Radlett was £1,125,671 during May. Picture: Danny Loo

The average asking price in Radlett was £1,125,671 during May. Picture: Danny Loo - Credit: Archant

Radlett has been named as one of the most expensive places to buy property in the UK outside London.

The former home of Simon Cowell, George Michael and ex-Girls Aloud star Cheryl was second only to Virginia Water in Surrey in the countdown of the ten priciest places to buy a home outside the capital.

Virginia Water had an average asking price of £1,436,631 during May, when the data was collected, while the typical Radlett pad had a £1,125,671 price tag.

The Hertfordshire town was the only place in the top ten from the East of England, with the other nine areas all from the South East - five of them in Surrey.

The national average asking price during this period stood at just £308,290.

Rightmove's property expert Miles Shipside said: "The influence of London is clearly shown in its analysis of the UK's most expensive areas.

"The ability to commute but escape the built-up capital to live in leafy suburbs and towns attracts wealthy buyers who are willing and able to pay high prices for the right property in the right location."

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Neither suburban idyll had anything on the capital's biggest hitters, however: the most expensive place in London was Knightsbridge, with a hefty average asking price of £3,580,807, followed by Kensington (£2,061,303) and Chelsea (£1,774,700).

Suddenly Radlett property prices don't seem that bad...