Chelsea house prices 'most expensive in Britain'
29th Dec 2011
House prices in the royal borough of Chelsea are the most expensive in the whole of Britain, according to a new survey.
Research from bank Lloyds TSB revealed that the most expensive residential street is Campden Hill Square, situated in the heart of fashionable Holland Park - with an average house price of £4,863,000.
Seven streets in the exclusive borough feature among the top ten most expensive in the country, with Drayton Gardens (average house price £4,428,000), Dawson Place (£3,891,000), Duchess of Bedfords Walk (£3,862,000), and Cadogan Square (£3,678,000) all making the top ten list.
Furthermore, Parkside, which topped last year's list, has been bumped down to second place, with average house prices coming to £4,826,000.
The most expensive streets outside London are predominantly situated in the Home Counties.
Properties on Leys Road in Leatherhead have an average price of £3,108,000 - the highest outside London.
Brundernell Avenue in Sandbanks, Dorset, is the most expensive street outside London and the South East, with the average cost of buying one of these houses amounting to a costly £2,024,000.
Looking up north, a house on the most expensive street - Withinlee Road near Macclesfield - is £1,649,000 - an area favoured by footballers.
Suren Thiru, economist at the bank, commented: "The largest concentration of expensive properties is in Kensington and Chelsea. This part of London has always had a glamorous reputation, attracting buyers from the business and entertainment world, and more recently the super-rich from across the world."
© Zoopla Property Group Limited