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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