11th December 2015
Kensington is home to the most expensive street in the country, where the average property will set you back £8 million.
Victoria Street, around the corner from Kensington Palace, is home to the most expensive residential properties in the UK, according to Lloyds Bank.
There are 12 streets in the royal borough of Kensington and Chelsea that make it into the list of the top 20 most expensive streets to live in the country. These include Egerton Crescent with an average price of £7.55 miilion, Manresa Road at £7.39 million, De Vere Gardens at £6.6 million and Drayton Gardens at £5.94 million.
Other central London locations that feature are streets in Westminster, which has three streets in the top 20, Merton in south-west London, and Barnet in north London.
Outside of the capital, the most desirable addresses are in the south east, with Cobham in Surrey making the list alongside Leatherhead, Virginia Water, Maidenhead and Sevenoaks.
Poole in Dorset is the only area outside of the south east that makes the list, with property on Sandbanks Road selling for an average of £2.49 million.
The most expensive streets in northern England are concentrated in the area south of Manchester, such as Castle Hill in Macclesfield – where an average property costs £1.66 million. Living in Alderley Edge, Wilmslow and Knutsford will costs over £1 million for a home.
Andrew Mason, mortgage director at Lloyds Bank, said: ‘The largest concentration of England’s most expensive streets is in Kensington and Chelsea. This part of London has always had a glamorous reputation, attracting overseas buyers as well as those from the worlds of business and entertainment. The area clearly has its attractions with excellent schools, designer shops, close proximity to the capital’s business district and properties with the highest specifications. Other areas in the capital have similar qualities but property prices in Kensington and Chelsea tend to outperform the rest of London.
‘Outside London, the areas with the most expensive streets are generally located away from central areas, where buyers are typically attracted by larger properties and more green space. These areas can be as diverse as Surrey, Cheshire, the ’Golden Triangle’ in Yorkshire and Poole on the south coast.’
Most expensive by region
Top 10 most expensive are in Newcastle. Graham Park Road is the most expensive street with an average price of £1.02 million.
The area south of Manchester is the most expensive. Castle Hill in Macclesfield has the most expensive street with average properties costing £1.66 million.
Yorkshire and the Humber
The ‘Golden Triangle’ between Harrogate, Wetherby and north Leeds is home to the most expensive property. Rutland Drive in the spa town of Harrogate is the most expensive at £1.19 million.
Tiddington Road in Stratford upon Avon is the most expensive place to live and a home will cost you £1.34 million on average.
Lyndon Road in Oakham in Rutland is the most expensive place to live in this region with the average property costing £1.36 million.
Nine of the 10 most expensive streets in this region are in Cambridge. The most expensive houses are in Newton Road and cost on average £1.85 million.
Outside of the capital, Leys Road, Icklingham Road in Cobham in Surrey is the most expensive road where a property will set you back £3.09 million.
Seven of the 10 most expensive street in this region are in Poole in Dorset, including Sandbanks Road where the average house price if £2.49 million.
The most expensive streets in Wales are mostly in Cardiff, including Druidstone Road where houses cost an average £793,000.