Hove has it when it comes to ticking the right boxes for young professionals searching to set up home, but, they are paying a a premium for the postcode.
The East Sussex seaside town was found to be the most popular place to buy for the third year in a row, with young professionals forking out a premium of £71,000 on average to live in the desirable area.
The average property price in the postcode comes in at £735,874, compared to £664,716 in the wider area.
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Wandsworth was deemed the second most desirable spot, followed by Wimbledon, with Fulham and Battersea rounding out the top five.
London boroughs dominate the top 20, with just Brighton, Reading amd Didsbury joining Hove in areas further afield, ranking seventh, 18th and 20th respectively.
"Aspiring young professionals are typically well qualified, in well paid jobs and tend to live in areas not far from the city centre where they work," said Andrew Mason, mortgage products director at Lloyds Bank which conducted the research.
"These are also places where they can enjoy easy access to green space and a range of places to socialise. These buyers also don’t appear to be put off by the significant premium in price to live in areas popular with young professionals."
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|Ranking||Location||Average house price|
|13||Hammersmith & Fulham||£1,139,668|
But, it's those wanting to live in Chiswick, the 19th most desirable place to live for young professionals, who were found to be paying the biggest premium at £370,988. That's 76 per cent higher than the rest of the borough.