It is home to one of Scotland’s most prestigious and expensive hotels where prime ministers and presidents have gathered to discuss world events in luxury.
Now the Perthshire village of Auchterarder can lay claim to being the most expensive street in Scotland.
A study by the Bank of Scotland showed properties in the village’s Queen’s Crescent cost an eye-watering £2,927,000 on average.
As such it has ousted Ann Street in the Stockbridge area of Edinburgh from the top spot, where Georgian properties average £1,807,000.
Queen’s Crescent is close to world-famous Gleneagles Hotel and golf course where then US president George W Bush, former PM Tony Blair and other world leaders gathered for the G8 summit in the summer of 2005.
The homes were built on a strip of land sold off by Gleneagles in 2007.
One of the home’s on the pricey street was part of a competition that allows ordinary people to live in a luxurious dream home.
The mansion overlooking Gleneagles’ prestigious golf course was part of the Omaze Million Pound House Draw last year.
This mansion on Queen’s Crescent, Auchterarder, was part of the Omaze prize draw
The stunning home on Queen’s Crescent overlooks a golf course at the Gleneagles resort
Isla Benzie, head of Bank of Scotland Home said: ‘Queen’s Crescent in the picturesque town in Auchterarder is Scotland’s priciest postcode, with homes averaging a staggering £2,927,000.
‘The charming street, just a stone’s throw from the world-famous Gleneagles golf course, has taken the top spot by some way from last year’s winner Ann Street in Edinburgh.
‘However, Edinburgh continues to retain some of the most prestigious streets across Scotland, with seven of the top 10’s most expensive places found in the city.’
Third place in the Bank of Scotland study is Elphinstone Road in Giffnock, East Renfrewshire, a commuter belt area near Glasgow which has boomed in popularity because of it schools, with properties averaging £1,645,000.
Regent Terrace in Edinburgh is fourth, with classical townhouses near Calton Hill averaging £1,621,000.
Fifth on the list is Wester Coates Avenue near Murrayfield Stadium, where homes have an average price tag of £1,615,000, while neighbouring Wester Coates Gardens is sixth with an average price of £1,535,000.
Hill Road in Gullane, East Lothian, is seventh, with homes near the golf course averaging £1,518,000.
Nile Grove in the Morningside area of Edinburgh has house prices averaging £1,514,000, taking eighth place, while Danube Street in Stockbridge is ninth as homes are worth an average of £1,460,000.
Neighbouring St Bernard’s Crescent rounds off the top 10, with the street famed for links with artist Sir Henry Raeburn and where house prices average £1,404,000.
Only one street in Glasgow is in the top 25 – Cleveden Gardens in Kelvindale, in the west end, came in at 15th (£1,296,000).
The only other postcode in the west of Scotland in the list is in Newton Mearns, East Renfrewshire, where homes in Broom Gardens average £1,227,000, putting it in 18th place.
In the south of Edinburgh, St Albans Road is 14th (£1,301,000) and centrally located Kinnear Road is 11th (£1,341,000).
In the Morningside area of Edinburgh, Corrennie Gardens ranked 12th (£1,324,000) and nearby Morningside Place is 16th (£1,269,000).
In neighbouring Newington, Blacket Place is 19th (£1,222,000), Pavilion Crescent is 22nd (£1,203,000) and Queen’s Crescent is 25th (£1,182,000).
In Stockbridge, an area made famous by Ian Rankin’s Rebus novels, East Fettes Avenue is 20th on the list (£1,221,000), and Ravelston Park is 21st (£1,214,000).
Heriot Row in Stockbridge, a road with period homes dating from 1802, is the penultimate entry on the list (£1,189,000), while Warriston Crescent, a short walk from Edinburgh Castle, is 23rd (£1,193,000).
