Salcombe has topped a regional table of property prices, with average house prices of £570,000 – up by £40,000 from a year ago – followed by Dartmouth, where the average home now sells for just shy of £400,000. The Westcountry's top postcodes have been revealed as part of a study into the growth of a new generation of property millionaires. The much-sought-after South Hams – along with Prime Minister David Cameron's favourite Cornish holiday destination – all topped a list of the region's most desirable places to live. More than 160,000 new property millionaires have been created over the past year in Britain as the housing market recovery has taken off, according to the Zoopla website. It estimates that 484,081 have hit the landmark figure, an increase of 49 per cent, on a year ago. In Devon, Salcombe and Dartmouth were followed in the county's top 10 high-value towns by Budleigh Salterton, Kingsbridge and Sidmouth. Colyton came in fifth, followed by Umberleigh, Woolacombe, Ottery St Mary and Totnes. In Cornwall, would-be buyers hoping to rub shoulders with the PM by snapping up a home in Padstow would now need to fork out £376,000, followed by Fowey, where the PL23 postcode returned an average of £373,000. Richard Copus, regional spokesman for the National Association of Estate Agents, said there was no equivalent in the two counties to the 'millionaire's row' often found in parts of London, but that individual properties could still sell for staggering amounts. 'Most of the high-value homes are dotted around in isolated villages and towns,' he explained. 'Salcombe and Thurlestone are through the roof and locals are pretty much priced out of the market – I think less than half of the homeowners live there. Zoopla once again named Kensington Palace Gardens in London as Britain's most expensive street, where the average property value stands at a staggering £42.7m.