Cheadle is one of nine areas outside of southern England that fetched a higher property price per square metre than the national average.
Property prices per square metre across Britain have increased by 236 per cent in the past 20 years, according to research by Halifax.
The average price per square metre is now £2,260 compared to £672 in 1997.
But there have been drastic regional differences, with prices per square metre in Greater London increasing by 402 per cent compared to 147 per cent in Scotland.
The least expensive area per square metre was Hartlepool, where a property would cost only £1,070 per square metre.
Of the 10 most expensive areas outside southern England, Altrincham in the north west is the most expensive with an average price of £2,834 per square metre.