Scotland's most expensive street revealed by study

Nitesh Patel, economist at the Bank of Scotland, said: 'As Scotland's financial and political hub, it's expected that Edinburgh would hold some of the most expensive properties'

Average property prices on Northumberland Street are £1.3 million. (Google Maps)

An Edinburgh street has been named Scotland’s most expensive with an average house price of £1.3 million, according to new research.

Northumberland Street, in the heart of New Town, claimed the title in the Bank of Scotland study.

The capital, in total, is home to 13 of Scotland’s 20 most expensive streets, with Aberdeen boasting four and Glasgow two.

Mar Hall Avenue in Bishopton, Renfrewshire, is the only street featured in the top 20 outside one of the main cities, with homes worth £917,000.

The latest Bank of Scotland street value report is based on house price data collected by the Registers of Scotland on house sales between January 2010 and October 2015. Only streets where there have been at least seven transactions over the period are included in the survey.

Nitesh Patel, economist at the Bank of Scotland, said: "As Scotland's financial and political hub, it's expected that Edinburgh would hold some of the most expensive properties.

"However, Aberdeen accounts for three of the top five most expensive streets, providing the Granite City with a strong presence.

"Interestingly we're seeing Mar Hall Avenue, Bishopton, become the first street outside of a major city to feature in our research.

"The amount of homes in Scotland that have sold for more than £1m has more than doubled within a year, many of these sales took place before the new land and building transaction tax came into force April of this year. This is likely to have impacted some streets in this survey."

Additional reporting by PA.