West London's Egerton Crescent revealed as UK's most expensive street - with terraced houses sharing a communal garden costing over £8 million
A house on the street costs over 32.5 times the average UK house price
Egerton Crescent in South Kensington has been revealed as the UK’s most expensive street – with average house prices over 32.5 times the typical UK house price.
A house on the street, which is in the Royal Borough of Kensington and Chelsea, would set you back around £8 million according to research by Lloyds TSB.
One four-bedroom family home there recently sold for £12million - 74 times the price of the average £160,879 home in the UK.
Decent-sized gardens are a luxury Egerton Crescent home-owners can’t enjoy though, with residents sharing a communal garden.
The prices on the road have rocketed over the past decade. According to the Daily Mail, one five-bedroom house sold for just £430,000 in 1998, before making £5,130,000 in 2006 and £10,500,000 in 2011.
The West London borough is also home to the next four most expensive streets in England and Wales.
Outside London, Macclesfield’s Withinlee Road, which boasts Wayne Rooney among residents and has been dubbed Footballers' Alley, is no longer the North’s most expensive street.
That title now goes to Park Lane in Altrincham, where the average house costs £2.1 million.
Lloyds TSB’s research is based on sales between 2007 and September 2012.
Here are the 10 most expensive streets in England and Wales, with their postcode and average house price according to Lloyds TSB:
1. Egerton Crescent, Kensington and Chelsea, London, SW3, £8.1 million
2. Parkside, Merton, London, SW19, £5.2 million
3. Campden Hill Square, Kensington and Chelsea, London, W8, £4.9 million
4. Blenheim Crescent, Kensington and Chelsea, London, W11, £4.7 million
5. Lansdowne Road, Kensington and Chelsea, London, W11, £4.7 million
6. Home Park Road, Merton, London, SW19, £4.7 million
7. Drayton Gardens, Kensington and Chelsea, London, SW10, £4.4 million
8. Eaton Square, Westminster, London, SW1, £4.4 million
9. Lancaster Gate, Westminster, London, W2, £4.4 million
10. Duchess of Bedford's Walk, Kensington and Chelsea, London, W8, £4.2 million
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Professional big game hunter Ian Gibson crushed to death by elephant during hunt
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
Yemen crisis: Meet the child soldiers who have forsaken books for Kalashnikovs
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
£18000 - £23000 per annum: Recruitment Genius: They work with major vehicle ma...
£16500 per annum: Recruitment Genius: A Chiropractic Assistant is needed in a ...
£18000 - £26000 per annum: Recruitment Genius: They work with major vehicle ma...
£28000 - £30000 per annum: Recruitment Genius: This company provides coaching ...