Britain's most expensive streets

January 04, 2010 - United Kingdom

Originally published on PropertyWire

London's Kensington and Chelsea is the most expensive place to buy real estate in the UK with half of the most expensive residential streets in the borough.

The average price of a property in its Wycombe Square is £5.4 million.

Overall, five of the nine regions of England and Wales have streets where the average home cost more than £1 million, according to a new report from the Halifax.

Moles Hill in Leatherhead, Surrey, is the most expensive street outside of the capital, with the average property costing £2.6 million, followed by Leys Road, also in Leatherhead, at £2.5 million and Woodlands Road West, in Virginia Water, Surrey, at £2.5 million.

Withinlee Road in Macclesfield and Park Lane in Altrincham, Cheshire, are the most expensive streets outside of southern England, with the average property costing £1.2 million.

While Druidstone Road, in the Old St Mellons area of Cardiff, has the most expensive residential street in Wales, with properties costing £621,000.

Nitesh Patel, housing economist at Halifax, said it was not a surprise that many of the most expensive residential streets are in the Royal Borough of Kensington and Chelsea, with more than half of the 30 most expensive London streets in the borough.

'Kensington and Chelsea has long had a global appeal but the fall in the value of sterling has helped to attract foreign buyers over the past year despite the worldwide economic recession.

Across most regions, the survey shows that the most expensive streets are tightly clustered within the same area,' Patel added.

The most expensive street in Scotland is Warriston Crescent in Edinburgh, a row of elegant townhouses next to the Water of Leith, with an average house price of £960,671, according to a separate report from the Bank of Scotland.

Edinburgh has six of the top ten most expensive streets in Scotland.

At number two in the list is Drumsheugh Gardens, with an average house price of £883,254, while third position is taken by Merchiston Gardens, where properties fetch £672,856 on average.

The most expensive street outside Edinburgh is Morningfield Road in Aberdeen's west end with an average price of £592,297 while Glasgow's most expensive street is Royal Gardens with an average price of £571,500, followed by Victoria Park Gardens South in Broomhill at £523,429.

This article has been republished from Property Wire

The 20 most expensive streets in England and Wales

Wycombe Square, Kensington and Chelsea, Greater London,  £5,401,447

Ingram Avenue, Hampstead, Greater London, £4,872,500

Cottesmore Gardens, Kensington and Chelsea,  Greater London, £4,288,125

Mallord Street,  Kensington and Chelsea,     £3,864,444

Stormont Road, Highgate, Greater London, £3,375,277

Brunswick Gardens, Kensington and Chelsea, £3,085,590

Bedford Gardens, Kensington and Chelsea, £2,944,388

Sloane Gardens, Kensington and Chelsea, £2,695,125

Parkside, Merton, Greater London, £2,689,562

Paultons Square, Kensington and Chelsea,  £2,667,500

Moles Hill, Leatherhead , Surrey,  £2,645,000

Duchess Of Bedfords Walk, Kensington and Chelsea, £2,629,447

Arthur Road, Wimbledon , Greater London, £2,578,333

Imperial Wharf , Hammersmith and Fulham,  Greater London, £2,578,000

South Road, Weybridge, Surrey,  £2,550,625

Leys Road,  Leatherhead, £2,549,545

Woodlands Road, West Virginia Water, Surrey,  £2,543,500

Hans Place, Kensington and Chelsea,  £2,537,515

Halsey Street, Kensington and Chelsea,  £2,358,333

Phillippines Shaw,  Sevenoaks, Kent,   £2,351,538

Sources : Dailymail.co.uk

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