New data has revealed an increase in Britain’s most expensive streets. Currently the average home in the UK costs £275,000. However, the average property on one of Britain’s most expensive streets is 62 more!
According to the Evening Standard, the average price of a property on one of Britain’s most expensive streets is £17.2 million; this is an increase of £1.6 million from last year.
But, where are the most expensive streets?
According to the Evening Standard, within the top 20 most expensive streets, the top 10 are located in and around London.
Ilchester which holds the W14 postcode and boarders most of Holland Park, holds 1st place in Britain’s most expensive streets; and has retained the title from last year according to Lloyds Bank.
If you wanted to go celebrity spotting round the area, you may bump into the likes of Simon Cowell and the Beckhams. Another resident of this community is Robbie Williams, although he has been living in Maida Vale after falling out with neighbour Jimmy Page.
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With a view of Hyde Park and neighbouring Buckingham Palace and Kensington, Prince Gate came 2nd in the Britain’s most expensive street race. During the 1930s, John F Kennedy owned properties down the street. Evening Standard stated that one of the properties sold for £35 million in 2010. However, developers have spent time and effort on the house and currently it is valued at £150 million!
At third in the top 20 was Phillimore Gardens. The average property in the area came in at £16.36 million. This was then followed by Tregunter Road (£16.2 million) in Chelsea and Chesham Place (£15 million).
Coming in 10th was Camden Street. The average price for a property on the street is £11.3 million. The street was the only area of London to make it to the list that was outside of Westminster, Kensington or Chelsea.
Outside of London
As mentioned previously, other areas of England managed to make it into the top 20.
In 11th place was Charlbury Road in Oxford. The average house price on the street is around £5.3 million.
The rest of the properties in the 12th – 20th place were located in Surrey. According to Lloyds Bank, the average house in the ten priciest streets within the South-East have had a price rise of around £300,000. This has made the average house price within these streets total £4.4 million.
But what about the rest of the country?
Andrew Mason from Lloyds Bank has stated that more than eighty county’s within England had at least one street where the houses exceeded over a million pounds. But, in Wales, the most expensive street in Swansea fell short. The street Channel View saw the average house price at £907,000.
Out of the top 20, one of the higher priced streets were Sandbanks in Dorest as it had a record breaking price for a seaside property.
Another area that had a high average price was Chesham Place in the Altrincham (North-west England). The average home around the area was £2.5 million.
After Altrincham saw Storeys Way in Cambridge at £2.3million; Then Rising Lane (at £1.9 million) in Solihull, West Midlands; Then within Harrogate’s ‘Golden Triangle’ was Fulwith Mill Lane at £1.6 million.
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I started writing for PPO back in August 2019. I particularly enjoy writing about new housing developments and upcoming property events.