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The new rich street list from property website Zoopla reveals that London streets, despite a fall in prices still lead the pack. The ten most expensive streets are all in the capital. According to the report, 17,289 streets have an average price of one million or more, up from 14,417 last year.
Expensive Streets
Kensington Palace Gardens in one of London’s most fashionable areas retains its number one position. The average home price is an eye watering £35.6 million. It could be the time to buy, prices on the street are £1.3 million less than last year.
Across London’s ten most expensive streets, prices are down £4.6 million on average compared with last year.
Over 90% of the million pound streets are in southern England, Wales manages only 33 and Scotland, 161. Outside of London, Reading has the most at 242 followed by Guildford on 230 and Sevenoaks with 218.
|
Rank |
Street Name |
Area |
Average Property Value (£) |
|
1 |
Kensington Palace Gardens, London (W8) |
London |
£35.6m |
|
2 |
Grosvenor Crescent, London (SW1X) |
London |
£21.7m |
|
3 |
Courtenay Avenue, London (N6) |
London |
£21.1m |
|
4 |
The Boltons, London (SW10) |
London |
£19.3m |
|
5 |
Ilchester Place, London (W14) |
London |
£15.2m |
|
6 |
Compton Avenue, London (N6) |
London |
£13.6m |
|
7 |
Albemarle Street, London (W1S) |
London |
£11.9m |
|
8 |
Cottesmore Gardens, London (W8) |
London |
£11.9m |
|
9 |
Frognal Way, London (NW3) |
London |
£11.6m |
|
10 |
Manresa Road, London (SW3) |
London |
£11.3m |
Outside of London
This is not dominated by the South-East, listing the rich enclaves in our other cities.
|
Rank |
Street Name |
County |
Average Property Value (£) |
|
1 |
Montrose Gardens, Leatherhead (KT22) |
Surrey |
£5.9m |
|
2 |
Phillippines Shaw, Sevenoaks (TN14) |
Kent |
£4.1m |
|
3 |
Robins Nest Hill, Hertford, (SG13) |
Hertfordshire |
£3.8m |
|
4 |
Dock Lane, Brockenhurst (SO42) |
Hampshire |
£3.3m |
|
5 |
Broadway, Altrincham (WA15) |
Greater Manchester |
£2.9m |
|
6 |
Whitebarn Road, Alderley Edge (SK9) |
Cheshire |
£2.8m |
|
7 |
Mope Lane, Witham (CM8) |
Essex |
£2.7m |
|
8 |
Lovelace Avenue, Solihull (B91) |
West Midlands |
£2.2m |
|
9 |
The Ridgeway, Leicester (LE7) |
Leicestershire |
£1.9m |
|
10 |
Bennett Road, Salcombe (TQ8) |
Devon |
£1.8m |
Areas with the most expensive streets
This really demonstrates the divide between London and the South-East compared to the rest of the country.
|
Rank |
Region |
Number of streets with an average property value of £1m+ |
|
1 |
South East England |
6,491 |
|
2 |
Greater London |
5,843 |
|
3 |
East of England |
2,679 |
|
4 |
South West England |
757 |
|
5 |
North West England |
459 |
|
6 |
West Midlands |
364 |
|
7 |
East Midlands |
232 |
|
8 |
Yorkshire and Humberside |
173 |
|
9 |
Scotland |
161 |
|
10 |
North East England |
97 |
|
11 |
Wales |
33 |
Source: Zoopla, September 2018
To access the full report, click on this link.
