The most expensive street in England and Wales has been revealed, and there’s no surprise that it’s in the heart of London.
A property in Grosvenor Crescent in Belgravia, London, will cost an average £16.9 million, one of six streets in Westminster and Kensington and Chelsea that boasts an average house price of more than £10 million.
And according to research by Lloyds Bank, every region across England and Wales now boasts at least one “£1 million street”.
Belgravia home to wealthiest
Three of the most expensive streets in the UK are in Belgravia, which is known for its white stucco residences, crescents and private garden squares. The next most expensive after Grosvenor Crescent is Ilchester Place in Holland Park. There the average house price is £16.7 million.
Eaton Square was last year’s most expensive street but has been bumped down into third spot. Its average property costs £13.5 million, down from £17 million in 2017. Chester Square (£12.5 million) – like Eaton Square, built by the Grosvenor family in Belgravia – is in fourth place, followed by Carlyle Square (£11.6 million) and Kensington Road (£10.1 million).
Surrey’s significant 7
According to the Lloyds research, seven of the 20 most expensive streets in England and Wales are in Surrey. The town of Weybridge boasts three of those – East Road (£5 million), West Road (£4.5 million) and Cavendish Road (£3.8 million).
There are two in Leatherhead – Queens Drive (£4.2 million) and Leys Road (£3.7 million). And the remaining two are in Gorse Hill Road, Virginia Water (£3.7 million) and Icklingham Road, Cobham (£3.5 million).
The top 20 is completed by Charlbury Road (£4.4 million) and Crick Road (£3.9 million) in Oxford, with Panoroma Road in Poole’s exclusive Sandbanks area coming in at £2.3 million.
Every region of England and Wales now has at least one £1 million street with 73 streets in total averaging seven-figure properties.
These include Cambridge, Alderley Edge, Altrincham, Newcastle, Sutton Coldfield and Solihull.
Clusters around England and Wales
Andrew Mason, mortgage products director at Lloyds Bank, said: “The prime London boroughs of Westminster and Kensington and Chelsea continue to reign supreme with Britain’s most expensive streets.
“As expected, addresses in London and the south-east top the list of most expensive places to live. Our research shows that all other regions have at least one £1 million street.
“Away from London, the survey shows that the most expensive streets are tightly clustered within Cheshire, Yorkshire and the Humber and Sandbanks in Dorset on the south coast.”