BROADWAY is home to two of the most expensive residential streets in the West Midlands, a new survey has revealed. The list, compiled by Lloyds TSB – which was provided with more than 1.78 million UK post codes by Royal Mail – has named Springfield Lane and High Street among the most costly addresses in the region.
According to the report, the average house prices between 2006 and 2010 for the two locations were £709,000 and £628,000 respectively. Richard Righton, manager of Hamptons International estate agents in Broadway, said there were several reasons behind the price tag. $HOM E$
“In Upper High Street, for example, it is a no through road within walking distance of local amenities and it is very, very picturesque,” he said. “There’s no real planning blight and the village is on the edge of the Cotswolds with good access to major conurbations. “Without a doubt there’s an influence from London – a lot of these places [on the list] are within easy reach.”
He added that the heritage and history of Broadway was also an important factor. Alderbrook Road in Solihull topped the West Midlands list with average house prices of £850,000. There were five other addresses from the town to make the list, with addresses in Clifton-on-Teme, near Worcester, Droitwich, Shipston-on-Stour, Stratford-upon-Avon, Leamington Spa, Wolverhampton, Sutton Coldfield and Coventry also making the cut. , average asking prices in the greater Worcestershire area ended the year 1.6 per cent higher, above the national average of 0.6 per cent, due in part to properties coming onto the market.