The most expensive street in the UK has been revealed. And it’s no surprise that this millionaire’s row is in London.
The average price of a property on Ilchester Place in west London is £17.1 million.
But very few of the homes on this street in Holland Park ever come on to the open market with only eight sold in the last five years.
Those that do sell are sold privately. In 2019, only one has changed hands, a nine-bedroom detached home that sold for the exceptional price of £30 million.
London home to most expensive streets
The Lloyds Bank research revealed the 10 most expensive streets in the UK.
All 10, where properties sell for an average price of £14 million, are in London. Unsurprisingly, six out of the 10 are in the royal borough of Kensington and Chelsea.
Outside of London, the UK’s most expensive property can be found in Charlbury Road in Oxford. There property costs on average £5.258 million.
Other areas featuring among the most expensive streets are Leatherhead, Weybridge and Virginia Water in Surrey.
More million-pound homes
Andrew Mason is mortgage director at Lloyds Bank.
He said: “The country’s most expensive streets are getting even pricier, with the top 20 rising by £1,829,600 on average over the past year.
“More than 80 of the most expensive regions across England now all have at least one million-pound street. While the most expensive address in Wales has an average house price just short of the mark at £900,000.”