The towns outside London with the most £1m homes – so where does yours sit on the UK house price rankings?
Commuter hotspot of Guildford in Surrey comes out on top while Wales has the least property millionaires
THE UK towns outside London with the most property millionaires have been revealed - with the majority concentrated in the south east of England.
Commuter hotspot Guildford in Surrey comes out on top with 5,889 homes worth over £1million and the average property value of almost £600,000.
That’s followed by Cambridge with 5,530 million pound-plus homes, with Reading, Berks. closely behind with 5,421.
No towns in the north of England or Wales feature in the Top Ten, but Scotland makes one appearance with Edinburgh in eighth place.
Research carried out by Zoopla shows there are now 768,553 property millionaires in Britain - accounting for 2.7 per cent of the nation’s housing stock.
In a regional breakdown London comes out on top with the most property millionaires at 430,720, which equates to 12.8 per cent of the capital’s total housing.
The South East follows in second place with 180,397 homes worth £1 million or more and the East of England in third (69,840).
However, heading across Britain, Wales has the fewest property millionaires with just 2,223 homes worth £1 million or more, followed by Yorkshire and the Humber and North East England with 4,103 and 4,835 property millionaires respectively.
At the other end of the list, bringing up the rear is leafy Walton-On-Thames with just 1,999 properties meeting the golden price tag.
Cheltenham and Dorking are second and third from bottom respectively, with 2,015, and 2,046 property millionaires.
Although Beaconsfield is midway down the rankings for quantity of property millionaires, proportionally nearly half (49 per cent) of homes in the area fall into the millionaire price bracket.
It comes as Zoopla launches a new tool which allows users to see when their own home may reach the magic £1million mark.
The firm’s spokesperson Lawrence Hall commented: “While there might be a greater number of £1m+ properties than ever before, the data shows that they still only represent a small fraction of all UK housing stock.
“Our latest tool allows curious homeowners to dream a little and see when their home might hit the million-pound mark.”
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