The home insurance broker analysed data from the Office for National Statistics to determine which local authorities had the highest median price for all types of newly built housing last year.

Westminster had the highest median new housing price of £1,809,875. The area is made up of high-rise flats for purchase.

London’s Lambeth, which forms part of inner London, ranked second with a median new housing price of £1,241,949.

Hammersmith and Fulham came close behind in third with a median new housing price of £1,137,613. These areas also form part of inner London.

Hackney ranked fourth with a median new housing price of £949,050, while Hertsmere, Hertfordshire came fifth with a median new housing price of £932,500.

Other local authorities in the top ten include Woking, New Forest, Broxbourne, St Albans, and Islington.

Erewash, Derbyshire had the lowest median new housing price in the study with £122,750.

This borough is largely rural and includes towns such as Ilkeston and Long Eaton, alongside smaller villages.

A One Sure Insurance spokesperson says: “This study provides valuable insight into the range of prices for newly built housing within local authorities across England and Wales. While it does not show us what the highest and lowest prices are, these median price points offer a perspective on the potential average cost for new housing.”

“It is notable that every borough in the top 20 positions is either based in London or somewhere in the south of England, which is likely because of how close they are to the capital or the south coast. Both locations may be desirable places to live for new houseowners due to being business and tourism hubs, respectively.”