Page last updated at 11:30 GMT, Tuesday, 21 April 2009 12:30 UK

Suburb 'plushest area of country'

Aerial view of Milltimber [Pic: Ian K. Hardie]
Milltimber is home to many wealthy North Sea oil firm employees

An upmarket suburb of Aberdeen has been named as Scotland's most expensive postcode, in an annual property survey.

The study by house prices website Zoopla suggested Milltimber, which has the postcode AB13, had an average house price of £422,760.

The area, which is about six miles west of the city centre, is home to many of Aberdeen's wealthiest residents.

The survey also named Caledonian Crescent in Auchterarder, Perthshire, as Scotland's most expensive street.

The average home in the street is valued at £1.587m, according to Zoopla's Scottish Property Rich List.

Second on the most expensive street list was Wester Coates Avenue in Edinburgh, with an average home value of £1.24m, followed by Dalmuinzie Road in Aberdeen at £1.19m.

The small village of Humbie in East Lothian was named as the country's second plushest postcode, with an average property value of £377,582, with the AB15 area of Aberdeen - which includes Hazlehead - third.

Zoopla said despite the market downturn, Edinburgh still retained 199 streets with average home values of more than £500,000, while Glasgow had 118 such streets.

Alex Chesterman, chief executive of Zoopla, said: "Despite the current economic climate much of Scotland's wealth remains tied up in the property market and while average house prices are down across the board on last year, there still remain some pretty impressive figures in this year's Scottish Property Rich List."

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