UK's most upmarket high streets revealed


Updated on 02 April 2019 | 1 Comment

A survey of 1,000 shopping areas has revealed Cambridge as the best UK high street and Newcastle's Byker Shields Road as the worst.

Cambridge has been named the UK's best high street for the second year in a row.

That's according to the Harper Dennis Hobbs (HDH) Retail Vitality survey, which measures the number of upmarket shops, discount retailers, pawnbrokers and empty shops. 

The Shields Road in Byker, Newcastle was named the worst high street by the survey.

Almost one in five (19%) shops are closed in Byker, while in Cambridge the figure is only 5.7%. More than half the shops in Byker are budget outlets compared to less than 5% in Cambridge.

The survey follows a miserable year for the high street with House of Fraser, Marks & Spencer and Debenhams closing dozens of stores as shoppers move online.

The big name business disappearing from UK high streets

Designer vs discount

The HDH survey isn't about shoppers' experiences per se, but instead how upmarket a high street is.

With the joint-highest unemployment rate in the country, at 5%, and wages below the national average, it's unsurprising Byker has more discount chains than expensive shops.

A spokesperson for Newcastle City Council told the Chronicle: “This is a disappointing finding for what is a well-used high street in a busy part of the city, providing vital amenities for a lot of our residents.

"We acknowledge there is room for improvement and we have already started the process of engaging with traders and key stakeholders to work together collaboratively and identify measures that could give the area a collective boost.”

Cambridge has some of the highest wages in the UK which, combined with lower rents than London, gives it a huge advantage. As the HDH survey noted, it also receives a large number of day-trippers who contribute to the local economy.

Does shopping at outlet stores actually save you money?

The best and (the worst) of the rest 

London dominated the leader board with several of its high streets listed at the top of the table.

High scorers included the luxury shopping areas of Knightsbridge and King’s Road as well as the city-worker-focused Canary Wharf.

Harrogate and Sheffield shopping centre Meadowhall, were the only locations from northern England to reach the top 25.

The North West had more high streets in the bottom 25 than any other area with Stretford, Kirkby and Walton Road in Liverpool all scoring poorly.

Portslade in Brighton and military town Aldershot were the only South Eastern towns to be at the bottom end of the table.

These areas had high streets typically characterised by betting shops, discount retailers and empty units.

What makes a high street great? Give us your views in the comments below.

Comments


Be the first to comment

Do you want to comment on this article? You need to be signed in for this feature

Copyright © lovemoney.com All rights reserved.

 

loveMONEY.com Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FCA) with Firm Reference Number (FRN): 479153.

loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom. loveMONEY.com Limited operates under the trading name of loveMONEY.com Financial Services Limited. We operate as a credit broker for consumer credit and do not lend directly. Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards. While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.