RESIDENTS of a New Forest road have one of Britain's highest average property prices outside of London, a new survey has shown.

People living in Beaulieu's Dock Lane own homes worth an average of £3,158,252, according to the Zoopla property website.

The figure makes it the fourth most expensive street to live on outside of London, narrowly beaten by roads in Rickmansworth, Leatherhead and Tunbridge Wells.

Dock Lane is a private road meandering alongside the Beaulieu River and is famed for what has been described as its 'unrivalled waterside properties'.

As well as being close to the spot where the iconic film 'A Man for All Seasons' was filmed, the lane is also home to a property designed by the prestigious architect, Sir Basil Spence, who designed the new Coventry Cathedral.

Whilst the residents of Dock Lane may be celebrating, Zoopla says that the number of 'millionaires' rows' has fallen by 10 per cent, as property values have dropped over the past year.

Its survey showed there are 1,805 fewer roads where houses have an average value of £1million or more, with 15,484 'million-pound streets' in the country, down from 17,289 in the same month last year.

The south east saw 820 streets lost their average £1 million status last month, with the south west faring better, with just 62 streets dropping out, leaving the region with 695 'millionaire's rows' including a street in the fashionable yachting village of Salcome in Devon.

"The bulk of the losses have been in London and the South East, which are home to the majority of million-pound streets but are also areas where house prices have been generally falling recently," said Zoopla.

Its findings come after figures from the Office for National Statistics and the Land Registry showed house prices falling by 1.4 per cent in London and two per cent across the South East in the year to July.

The UK's most expensive street is Kensington Palace Gardens where the average house price is £33 million.