Keller Williams UK estimates that an average of around £13.8bn of property was sold each month between January and May this year, based on Land Registry data.

Keller Williams UK analysed the latest sold prices data across the market in England and Wales, which covers January-May 2021, and found that residential property sales hit £68.8bn in value, thanks in part to the stamp duty holiday.

Unsurprisingly, the top 10 is dominated by London, with the NW3 postcode, covering parts of Camden and Barnet, topping the table where total value of homes sold is concerned. Some £262.5m worth of property was been sold in this one postcode between January and May.

The SW19 (£248.8m), SW11 (£235m) and SW18 (£228m) postcodes also make the top 10, as do the W8 (£226m), W11 (£212.4m), SW6 (£212m), E17 (£202m) and NW11 (£198m) postcodes.

BN3 in Brighton and Hove was the only non-London postcode included in the top 10, with £206m worth of homes sold since the start of the year, making it the eighth-most valuable property postcode across England and Wales and the most valuable outside of London.

Excluding London, Brighton also accounts for the second most valuable postcode, BN3, with a total value of £179.1m in homes sold, according to the research.

Brighton’s BN2 postcode also makes the list (£157m), along with the SL6 postcode in Maidenhead (£169.7m), the Dorset postcode of BN2 (£157m), SO41 in the New Forest (£125.9m), the Manchester postcode of WA15 (£120.7m), Southend’s SS9 postcode (£118.5m), BA2 in Bath (£117.1m) and Horsham’s RH12 postcode (£112.3m).

Ben Taylor, CEO of Keller Williams UK, said: “Despite London seeing a somewhat lethargic performance in terms of property price growth over the last year, it remains home to the majority of the top postcodes in terms of the highest value of homes sold so far this year.

“However, while the capital continues to dominate the headlines, the UK property market is far from a one-trick pony. When looking outside of the M25 there is a range of areas performing very strongly spanning the length and breadth of the UK and it will be interesting to see which postcodes remain the most valuable come the end of the year.”