According to the research, Ilchester Place, located in the heart of London’s Holland Park, is the most expensive residential street in England and Wales – should you wish to buy a home in this exclusive part of the capital then expect to pay around £15.6m.
If your budget doesn't stretch quite that far then for a mere £13.7m, you could own a property in Eaton Square in Belgravia, which sits within Westminster and Kensington and Chelsea. Belgravia has an affluent and fashionable reputation, attracting wealthy buyers to its many large iconic white stucco-fronted residences.
Lloyds found that of the top 20 most expensive streets, 10 are in London, and the top seven most prestigious addresses are in the prime residential areas of Kensington and Chelsea and the City of Westminster. All of these streets have an average price tag of more than £11m and three over £13 million.
Knightsbridge is third (£13,371,000), followed by Kensington Road (£12,925,000). Carlyle Square (£11,904,000), Campden Hill (£11,363,000) and Chesham Place (£11,302,000) make up the remaining £11 million plus streets(1).
Andrew Mason, mortgage director at Lloyds Bank, said: "The prime London boroughs of Westminster and Kensington and Chelsea continue to top the tables in Britain’s most expensive streets. Seven addresses in these two areas alone come with an average price tag of more than £11 million, and three cost more than £13 million.
Although half of the 20 most expensive streets are in London, regions across England and Wales now all have at least one ‘million pound street’. In total, there are 76 of these prestigious addresses across the country.”
Regional breakdown
North East
Four out of the top five most expensive streets in the North East are in Newcastle, mostly in Gosforth and Ponteland. Runnymede Road (£1,087,000) is the most expensive, followed by Montagu Avenue (£1,048,000). Storrs Park in Windermere is third (£1,026,000), followed by Graham Park Road (£983,000) and Elmfield Park (£978,000).
North West
In the North West, the majority of expensive streets are located in Alderley Edge, Altrincham, Macclesfield and Knutsford. Congleton Road in Alderley Edge is the most expensive street with homes selling, on average, for £2,304,000 followed by Legh Road in Knutsford (£2,059,000) and Withinlee Road in Macclesfield (£2,032,000). Hill Top (£1,874,000) and East Downs Road (£1,862,000) both in Altrincham, complete the top five.
Yorkshire and the Humber
The most expensive streets in Yorkshire and the Humber are mainly in the area that makes up the so-called "Golden Triangle" between Harrogate, Wetherby and North Leeds. The top five most expensive streets in the region are within these areas, and two of which are in Harrogate. Fulwith Mill Lane in Harrogate has the most expensive homes in Yorkshire and the Humber (1,631,000). Others include Linton Lane in Wetherby (£1,420,000), Ling Lane in Leeds (£1,365,000), Queens Road in Harrogate (£1,181,000) and Curly Hill in Ilkley (£1,129,000).
West Midlands
In the West Midlands, Rising Lane in Solihull (£1,908,000), Ladywood Road (£1,572,000) and Bracebridge Road (£1,540,000) – both in Sutton Coldfield, are the three priciest addresses. These are followed by Langley Road in Warwick (£1,461,000) and Chessetts Wood Road, Solihull (£1,415,000).
East Midlands
Cour D’Honneur in Burley, Oakham is the most expensive street in the East Midlands with an average price of £1,496,000. Two of the top 5 most expensive in the region are in Nottingham: Croft Road (£1,296,000) and Valley Road (£1,106,000). Warren Hill in Leicester (£1,288,000) and Weston Road in Derby (£1,126,000) complete the top five.
East Anglia
Streets of Cambridge dominate the five most expensive in East Anglia. Most of these streets are close to the main University area in the CB2 and CB3 postal districts. Storeys Way in Cambridge is the most expensive street in East Anglia (£2,280,000) followed by Barrow Road (£1,975,000), Luard Road (£1,933,000), Maris Lane (£1,767,000) and then Newton Road (£1,706,000).
South East
The region’s most desirable addresses are located in the towns of Weybridge, Oxford and Leatherhead. Camp End Road and East Road in Weybridge are the most expensive streets outside London with an average price of £5,632,000 and £4,911,000 respectively, followed by Charlbury Road in Oxford (£4,596,000). Leys Road (£4,025,000 and Queens Drive (£3,886,000) both in Leatherhead complete the top five.
South West
Three of the top five most expensive streets are in or close to Sandbanks in Poole. Panorama Road (£2,593,000) is the most expensive followed by Brudenell Avenue (£2,089,000) with Bury Road (£2,012,000) making up the trio. Clifton Down, Bristol (£2,036,000) and Restronguet Point, Truro (£2,003,000) complete the list.
Wales
Llys Helyg Drive in Llandudno is the only £1 million street in Wales with an average price of £1,121,000.
St Julian Street in Tenby is next (£897,000), followed by Llandaff Place in Cardiff (£856,000). Mill Road, Dinas Powys (£852,000) and Cardiff’s Cyncoed Road (£844,000) complete the list.
