Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Investing > Welcome to Gerrards Cross: Britain’s third wealthiest postcode

Welcome to Gerrards Cross: Britain’s third wealthiest postcode

Published by Gbaf News

Posted on June 28, 2013

4 min read

Last updated: January 22, 2026

Aerial view of Gerrards Cross, a wealthy UK postcode known for luxury homes - Global Banking & Finance Review — This image showcases the affluent area of Gerrards Cross, SL9 8, known for its large detached homes and celebrity residents, highlighting its status as the third wealthiest postcode in Britain.

1 in 10 UK households now have a net wealth of almost £1,000,000
SL9 8 – Gerrards Cross – achieves 3rdposition in top 20 wealthiest postcodes
New Millgate development in GX receives over 900 visitors in 15 weeks

gerrads1 Last month, John Hills, professor of social policy at the London School of Economics, published “Wealth in the UK: Distribution, Accumulation and Policy”, which revealed that 1 in 10 households now has a net wealth of more than £967,200.

Thanks to the long housing boom, many people have become millionaires (on paper at least) without having to earn a penny. However, in order to benefit you had to be a homeowner prior to 2005 and young people who have bought expensive houses since then are likely to have enormous mortgages.

According to Experian the wealthiest postcodes in Britain included Gerrards Cross (SL9 8) in at third position, only tipped to the post by Oxshott, Surrey in second (KT22 8) and Totteridge, Hertfordshire in first place (N20 0).

Expensive leafy neighbourhoods with large detached, gated homes and fancy cars on the driveway might be the first obvious sign of wealth but in the Home Counties this is a familiar sight, so what else apart from bricks and mortar makes an area ‘wealthy’?

Indeed Experian revealed that wealth does not always go hand-in-hand with the size of your house. London’s most expensive penthouse at One Hyde Park, SW7 1 sold recently for £136 million and whilst this area boasts the priciest postcode in the UK in which to purchase property, the wealthiest area was in fact Totteridge in N20 8 where net wealth is not negatively affected by vast mortgages as most own their homes outright.

Jonathan Cranley, Sales and Marketing Director for Millgate, the award-winning Home Counties builder, comments on Gerrards Cross’s high ranking and wealth:

“Gerrards Cross is undoubtedly a desirable places to live and is often referred to as ‘mini Hollywood’ due to its celebrity residents who have included Cilla Black, Paul Daniels, Val Doonican, Fern Brittan and more recently a whole host of well-known footballers. People move here for a more relaxed pace of life than London and often because house prices are more affordable than Central London.

gerrads2 “With direct trains to London Marylebone taking as little as 18 minutes, this up-market town is a dream for many commuters. Gerrards Cross is considered very well-heeled with an aesthetically pleasing High Street boasting an array of independent retailers that sell top-notch goods, quality ladies clothing, luxury gifts and local food. If you add into the mix a choice of incredibly well regarded state and public schools, you can see why so many move from London to this picturesque small town.”

But it’s not just commuters moving to the area. Just recently a Japanese drugs company choose the business park between Gerrards Cross and Chalfont St Peter to base its new UK operation meaning that the villages will be “at the forefront of drug development in the UK” said a spokesperson from Daiichi Sankyo.

Millgates’ own new development, Alderbourne Place in Gerrards Cross has proven extremely popular also, visited by 933 people in 15 weeks. Cranley explains:

“Alderbourne Place really has been the talk of the town since we opened the Show Home with many visitors keen to see what a quality new build house is really all about. The interest and positivity from the local community has been terrific and with that has come many genuine purchasers looking to buy including upsizers, downsizers, side steppers and London leavers!”

gerrads3 Alderbourne Place enjoys a perfect blend of seclusion and comfort which offers the best of town and country living, nestled in rolling green-belt countryside. This fabulous new development consists of 8 impressive country homes and 4 town houses reflecting meticulous attention to detail with architectural integrity, yet again setting the benchmark for building excellence.

These new homes will have an unrivalled pedigree to match their desirable location with generous accommodation finished to an outstanding specification priced from £930,000 for a town house and from £2,100,000 for a detached country house.

To ensure you don’t miss out on this exceptional opportunity to purchase a home in the third wealthiest postcode, contact the Millgate team for further information or to arrange a viewing on 0118 934 3344 or visit www.millgatehomes.co.uk