Property prices from areas on a London Monopoly board now have an average price of £788,106 compared to £208 in the classic game.

New research from Halifax shows the houses featured on the board, around which players move by buying or trading properties, cost up to £1.4 million on the current property market.

Prices on the board have not changed since 1936 when the game came to Britain from the US and the values were converted from dollars to pounds. In contrast, prices in the capital have soared in recent years as more and more people take up residence in the city.

Not a single property in areas on the board would now be affordable to a Londoner working full-time and earning the national average salary of £26,500.

"While drawing a comparison between the values placed on these areas in a board game and the actual average house prices provides a light-hearted look at the London property market, it does present a realistic picture of the capital's most popular postcodes," commented Craig McKinlay, mortgage director at Halifax.

"Many of the areas that have seen hypothetical increases from their board game positions are those which we have seen grow in popularity in recent years."

Buying a residential property in the most expensive areas on the board, such as Mayfair or Park Lane, would cost £350 if playing the game. In real-life, however, people would have to fork out at least £1.4million.

Houses on The Old Kent Road and Whitechapel Road, two of the cheapest buys, have also risen dramatically in price, rising from £60 to £192,714 and £295,082 respectively.

Many areas have also become more fashionable in recent times and would therefore be in higher categories if the game was based on modern prices. For instance, Angel Islington is £100 to players but a typical home in the popular borough would cost £610,382.

Whitehall is another area that has soared in price over the last few years due to its flourishing reputation as an upmarket location. Although it only costs £140 to buy a house there on the board, people wanting to live there for real would need to spend an average of £1,172,778.