Streets paved with gold! The areas of Britain with the most

Streets paved with gold! The areas of Britain with the most £1m-plus homes revealed - including the village where almost half live on Millionaire's Row

• Half of the properties in Cobham, Surrey, are valued at £1m or more 
• Guildford tops the list of towns with the most £1m homes by number
• Level of £1m+ homes in Britain is now at 733,777, down 4.5% since 2018
• Comes as a number of high-end London properties have fallen in value 

• Almost half of the properties in a single Surrey village are valued at £1million or more, new research shows.
  A seven-figure price tag applies to 44.24 per cent of properties in the desirable Surrey village of Cobham, according to the findings by property website Zoopla. 
  Cobham is Britain's top location for the proportion of million-pound homes outside of London. All but tied with it is Beaconsfield, in Buckinghamshire, on 44.17 per cent.
  But due to the locations' relatively small size neither of them make it onto the list of the towns with the most million-pound properties by number. 
  This is topped by Guildford with 5,615 million-pound homes to Cobham's 2,963 properties that qualify for Millionaire's Row.
  

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  Nearly half of the properties in the desirable Surrey village of Cobham have a value of £1million-plus, including this five-bedroom house that's for sale for £3.2million
  

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  Property website Zoopla revealed the towns with the highest number of property millionaires across Britain and our map shows the top ten
  The research by Zoopla analysed the number of property millionaires in the top 50 towns and cities. 
  Guildford's 5,615 properties valued at £1million or more, equates to 12.38 per cent of all homes in the town
  It is followed by Cambridge, which has 5,426 property millionaires and Sevenoaks which has 5,188 homes valued above £1million.However, the number of homeowners with property valued at £1million-plus in Britain now stands at 733,777, down from 768,553 in 2018 - a 4.5 per cent fall.
  Overall, the total number of seven-figure properties now accounts for 2.5 per cent of the nation's housing stock, Zoopla said.
  

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  Guildford is the town outside of London with the highest number of property millionaires - and this property is for sale in the area for £2.3million

  TOP 10 BRITISH POST TOWNS RANKED BY NUMBER OF £1M-PLUS  HOMES

  Rank	Post Town	Current number of £1m+ properties	Number of £1m+ properties (2018)	Number of £1m+ properties as proportion of total housing market	Average current property value
  1	Guildford	5,615	5,889	12.38%	£592,637
  2	Cambridge	5,426	5,530	4.54%	£459,086
  3	Sevenoaks	5,188	5,416	17.63%	£685,504
  4	St. Albans	4,889	4,981	9.44%	£599,581
  5	Edinburgh	4,818	4,759	1.85%	£292,319
  6	Oxford	4,791	5,242	6.14%	£499,926
  7	Bristol	4,764	4,792	1.27%	£332,328
  8	Reading	4,642	5,421	3.18%	£421,070
  9	Twickenham	4,505	4,596	17.55%	£743,525
  10	Leatherhead	4,140	4,707	20.40%	£770,583
  Source: Zoopla

  So, why Cobham? Annabel Dixon, of Zoopla, said: 'It might be surprising to see almost half of all properties in Cobham valued at £1million or more, but along with Esher and Weybridge, the village makes up a sought-after area of Surrey dubbed the Golden Triangle.
  'It might be well known as a footballer enclave, thanks to Chelsea FC's training ground nearby, but it also boasts excellent air, road and rail links, including a direct service to London Waterloo and is just a few miles from the outstanding natural beauty of the Surrey Hills.'
  

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  Top 10 areas with the highest proportion of £1m-plus homes
  The struggles of the property market have hit Millionaire's Row over the past year. The bulk of the reduction has occurred in London and the South East, with the rest of the regions either increasing or remaining stable.
  London is still streets ahead of the other British regions but has also witnessed the steepest decline in property millionaires.
  Now with only 395,871, it means that as many as 34,849 homes in the capital have had their million-pound status revoked.
  

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  The bulk of the reduction in property millionaires has occurred in London, where this one-bedroom flat is for sale for £1.4million

  BRITISH REGIONS RANKED BY NUMBER OF £1MILLION PROPERTIES

  Rank	Region	Current number of £1m+ properties	Number of £1m+ properties (2018)	Number of £1m+ properties as proportion of total housing market	Average current property value
  1	London	395,871	430,720	12.58%	£654,730
  2	South East England	171,454	180,397	4.10%	£408,777
  3	East of England	76,077	69,840	2.46%	£360,746
  4	South West England	34,367	33,717	1.30%	£309,205
  5	West Midlands	13,221	12,219	0.51%	£233,759
  6	North West England	12,881	12,552	0.38%	£196,965
  7	Scotland	11,087	11,101	0.40%	£194,174
  8	East Midlands	7,298	6,845	0.34%	£222,250
  9	North East England	4,842	4,835	0.29%	£191,785
  10	Yorkshire and The Humber	4,306	4,103	0.20%	£180,369
  11	Wales	2,373	2,223	0.16%	£191,391
  Source: Zoopla

  The South East is placed second overall, with 171,454 homes worth £1million or more.
  It is more than double the amount in the East, which is placed third at 76,077.
  However, the East is catching up gradually, with a sizeable increase of 6,237 £1million-plus homes since the start of the 2018.
  The West Midlands also enjoyed noticeable growth, with 1,002 homes reaching seven figures.
  Wales has the fewest property millionaires but has enjoyed an increase of 150 since last year, averaging a new seven-figure property every 2.4 days.
  

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  Wales has the fewest property millionaires, although this property in Cyncoed, Cardiff, is for sale for £1.4m
  Ms Dixon added: 'It's hard to ignore the overall decline in million-pound properties in the past 12 months. 
  'But it's clear to see the majority of this decline resides in London. Outside of the capital, there has been significant growth in seven-figure properties, especially in the East of England and West Midlands.'
  

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  This five-bedroom house in the Stoke Bishop area of Bristol is on the market for £1.3million

  TOP 10 LONDON BOROUGHS RANKED BY NUMBER OF £1M-PLUS PROPERTIES

  Rank	London Borough	Current number of £1m+ properties	Number of £1m+ properties (2018)	Number of £1m+ properties as proportion of total housing market	Average current property value
  1	Westminster	54,137	54,231	46.37%	£1,155,290
  2	Kensington and Chelsea	44,130	45,366	53.89%	£2,049,570
  3	Camden	34,569	37,908	31.74%	£1,065,018
  4	Wandsworth	30,048	30,686	22.32%	£769,366
  5	Hammersmith and Fulham	28,542	30,019	33.90%	£976,637
  6	Barnet	23,439	24,719	16.56%	£669,777
  7	Richmond upon Thames	23,175	23,322	28.22%	£902,308
  8	Islington	20,631	22,973	18.95%	£774,705
  9	Lambeth	16,638	17,701	11.87%	£708,735
  10	Southwark	15,188	17,428	10.23%	£717,344
  Source: Zoopla

  Mark Harris, of mortgage brokers SPF Private Clients, said: 'If anyone was looking for proof of house price falls in London and the South East, these figures illustrate this with a decline in the number of property millionaires. 
  'However, it is premature to say that this is making properties in this part of the country more affordable as London still has by far the most property millionaires of any region in Britain.
  'Elsewhere, the number of property millionaires rose, particularly in the East of England and West Midlands, demonstrating that the property market in Britain is diverse and what is happening in one region may not be replicated in another.'
  

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  This five-bedroom terrace house in Edinburgh is on the market for £1.35million

  BOTTOM 10 LONDON BOROUGHS RANKED BY NUMBER OF £1M-PLUS HOMES

  Rank	London Borough	Current number of £1m+ properties	Number of £1m+ properties (2018)	Number of £1m+ properties as proportion of total housing market	Average current property value
  1	Barking and Dagenham	22	20	0.03%	£302,196
  2	Newham	522	608	0.45%	£382,526
  3	Bexley	673	578	0.74%	£380,015
  4	City of London	1,621	2,422	20.90%	£927,667
  5	Havering	1,765	1,897	1.61%	£384,555
  6	Waltham Forest	2,206	2,169	2.09%	£465,485
  7	Sutton	2,521	2,597	2.95%	£451,470
  8	Redbridge	2,652	2,820	2.60%	£465,628
  9	Lewisham	3,308	3,853	2.76%	£475,421
  10	Enfield	3,500	4,130	2.87%	£473,027
  Source: Zoopla

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