UK’s most expensive street revealed - where average house costs £35m

Prices on the UK’s most expensive street are down £2,569,432 on this time last year, amid Brexit uncertainty and increased taxes on high-value homes

Ben Chapman
Monday 02 October 2017 11:46 BST
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There are now 14,417 streets in the UK with an average property value of £1m or more, up from 12,418 in 2016 according to property website Zoopla
There are now 14,417 streets in the UK with an average property value of £1m or more, up from 12,418 in 2016 according to property website Zoopla

The UK’s most expensive streets have been revealed, with Kensington Palace Gardens in west London topping the list. The average cost of a property on the exclusive road, which is adjacent to the official royal residence of the Duke and Duchess of Cambridge and Prince Harry, is an eye-popping £35,696,711

There are now 14,417 streets in the UK with an average property value of £1m or more, up from 12,418 in 2016 according to property website Zoopla.

The figures come after Nationwide reported last week that overall London property prices had fallen for the first time in eight years. The building society also found that prices across the country grew at their slowest pace since 2013.

The new data shows millionaires have not been immune from the faltering property market. Prices on the UK’s most expensive street are down £2,569,432 on this time last year, amid Brexit uncertainty and increased taxes on high-value homes.

But any recent falls have done little to dent London’s position as by far the most expensive region of the country.

Number of streets across Britain with £1m-plus average value:

1. Greater London, 5,899

2. South East England, 5,278

3. East of England, 1,875

4. South West England, 532

5. North West England, 301

6. West Midlands, 194

7. Scotland, 109

8. East Midlands, 96

9. Yorkshire and the Humber, 77

10. North East England, 45

11. Wales, 11

The second priciest street is Grosvenor Crescent, close to Hyde Park in London, with an average property value of £21,984,033.

In third place, and down from second last year, is The Boltons, in Chelsea, with an average property value of £19,858,239.

The vast majority of £1m-plus streets - 94.2 per cent - are located in southern England, Zoopla found.

Of the 14,417 total £1m streets in Britain, 5,899 are in Greater London, 109 are in Scotland and 11 are in Wales. Guildford in Surrey had the largest number of “millionaires rows” - 204 streets in the area have average property values of £1 million or more.

Lawrence Hall, a spokesman for Zoopla, said: “Despite London's property market cooling over the past year, it's no surprise that the capital's most exclusive boroughs continue to dominate the list.

“This is partly thanks to some incredibly luxurious properties benefiting from unbeatable locations near the heart of the city.”

The 10 most expensive streets in Britain according to Zoopla are:

Here are the 10 most expensive streets in Britain, with the average property value, according to Zoopla:

1. Kensington Palace Gardens, W8, London, £35,696,711

2. Grosvenor Crescent, SW1X, London, £21,984,033

3. The Boltons, SW10, London, £19,858,239

4. Courtenay Avenue, N6, London, £18,973,761

5. Ilchester Place, W14, London, £15,311,090

6. Compton Avenue, N6, London, £13,739,572

7. Manresa Road, SW3, London, £12,587,961

8. Cottesmore Gardens , W8, London, £11,969,745

9. Albemarle Street, W1S, London, £11,371,851

10. Chester Square, SW1V, London, £10,630,003

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