It has got even more expensive according to new figures released by lloyds Bank. A property in Ilchester Place – located in the heart of London’s Holland Park and home of the rich and famous – has gone up from £15.6million last year to an average price of £17.2million, at more than 62 times the national house price average of £275,0001.
Hot on its property heels, the keys to a house in Princes Gate in Westminster will also set buyers back an average of £17.1 million. This prestigious address – which overlooks Hyde Park and was once home to President John F Kennedy – neighbours both Kensington and Buckingham Palace.
In the borough of Kensington and Chelsea, Phillimore Gardens is third (£16,360,000), followed by Tregunter Road (£16,211,000) and Chesham Place (£15,013,000). The most expensive street outside of these historically grand addresses is Camden Street in North London, where the average house price is now above £11 million and number 10 in this year’s top table.
Of the 20 most expensive streets, the top 10 are in London, mainly located in the prime residential areas of Kensington and Chelsea and the City of Westminster.
The most expensive street outside London is in Oxford, where a house on Charlbury Road will cost an average of £5,258,000. The rest of the top 20 are all located in the South East of England with an average house price tag of £4,369,000.
Regional key findings
North Three out of the top five most expensive streets in the North are in Newcastle, Montague Avenue (£1,065,000), followed by Graham Park Road (£1,041,000) and Runnymede Road (£1025, 000). Newby Bridge Road, Windermere, is the most expensive in the region at an average of £1,533,000, followed by Crossgate in Durham in second place with average house prices of £1,370,000.
North West In the North West, the majority of expensive streets are located in, Altrincham, Macclesfield, Knutsford and Alderley Edge. Chesham Place in Altrincham is the most expensive street with homes selling, on average, for £2,486,000 followed by Park Drive (£2,292,000) and Stanhope Road (£2,206,000). Legh Road, Knutsford (£2,089,000) and Withinlee Road in Macclesfield (£2,032,000), 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 LinTheLangham18g Lane in Leeds (£1,431,000), Linton Lane in Wetherby (£1,420,000), Queens Road in Harrogate (£1,228,000) and Curly Hill in Ilkley (£1,106,000).
West Midlands In the West Midlands, Rising Lane in Solihull (£1,908,000), Ladywood Road (£1,629,000) 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 Farquhar Road, Birmingham (£1,449,000).
East Midlands
Leicester Road in Ashby-De-La-Zouch is the most expensive street in the East Midlands with an average price of £1,567,000, closely followed by St. Marys Street, Stamford (£1,484,000) and Northampton Road in Rushden (£1,469,000). Warren Hill, Leicester (£1,372,000) and Melton Road, Nottingham (£1,162,000) 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 (£2,325,000) followed by Barrow Road (£2,040,000), Wilberforce Road (£1,848,000), Grundisburgh Road in Woodbridge (£1,826,000) and then Woodlands Road, Cambridge (£1,812,000).
South East
The region’s most desirable addresses are located in the towns of Oxford, Weybridge and Leatherhead. Charlbury Road in Oxford is the most expensive with an average price of £5,258,000. Closely followed by Camp End Road in Weybridge (£5,237,000). In third place is East Road in Weybridge at an average price of £4,892,000 and completing the South East Top 5 are Eaton Park, Cobham (£4,440,000) and Stokesheath Road, Leatherhead (£4,343,000).
South West
Panorama Road in Poole is the most expensive street in the South West with an average house price of £2,806,000. Druid Stoke Avenue in Bristol follows with an average house price of £2,687,000. The following four most expensive streets are in Poole, which has a total of seven out the top 10 most expensive streets in the South West: Western Road (2,275,000), Brudenell Avenue (2,139,000), Haig Avenue (£2,085,000) and Bury Road (£2,081,000).
Wales
Channel View in Swansea is Wales’s most expensive street with an average price of £907,000. The most expensive street in the Welsh capital of Cardiff is Cyncoed Road where the average house price will set buyers back £855,000.
Andrew Mason, Mortgage Director, Lloyds Bank, said: “The country’s most expensive streets are getting even pricier, with the top 20 rising by an eye-watering £1.7million on average over the past year. While the prime London boroughs of Westminster and Kensington and Chelsea continue to top the tables, the South East’s Charlbury Road in Oxford becomes the most expensive street outside London.
The average house prices in the top 10 priciest streets in the South East have risen by around £300,000 in the past year, with the 10 prestigious addresses in the area commanding an average house price in excess of £4.4 million.
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.”
