Zoopla Crowns UK's Most Expensive Streets 2019

23rd September 2019

• Britain’s most expensive street is London’s Kensington Palace Gardens where the average property price is £32,870,284

• Outside of London, Montrose Gardens in Leatherhead leads the way with average property values of £6,500,070

• There are now 15,484 streets in Britain where the average property value is £1 million or over, down from 17,289 in 2018

• Excluding the capital, Reading is home to the most expensive streets (207)

 

Property website Zoopla is today revealing its 2019 Rich List – the definitive list of the costliest streets in Britain based on average house prices. Kensington Palace Gardens (W8) continues to hold the title for the priciest road in Britain for the 11th year running, but the average price on this street has continued to fall for the third year running, down to £32,870,284, £2,777,321 less than this time last year (£35,647,605). The prestigious address, which is just a stone’s throw away from the royals at Kensington Palace, is home to some of Britain’s wealthiest homeowners including Formula One heiress Tamara Ecclestone, and Chelsea F.C. owner Roman Abramovich. 

 

London’s exclusive enclaves dominate the rest of the UK’s top streets, including Courtenay Avenue (N6), which moves up from third place last year to second place in 2019, with an average property value of £19,505,013; close behind with an average property value of £19,065,523 is Grosvenor Crescent (SW1X).

 

Across the country and outside of the capital, the most expensive streets in Britain’s largest counties have also been revealed. Montrose Gardens, Leatherhead (Surrey) tops the list here, with an average property value of £6,500,070 - an increase from £5,923,253 in 2018. Temple Gardens in Rickmansworth (Hertfordshire) comes in second place, with an average value of £4,364,016, beating Phillippines Shaw in Sevenoaks (Kent) into third place (£3,884,016).

 

A regional analysis of the data shows that  91 per cent of streets with an average property price of £1 million and above are found in Southern England. Furthermore, of the 15,484 total £1 million streets in Britain, 5,671 (36.6 per cent) are in the South East. Greater London closely follows with 5,329 (34.4 per cent) and the East of England places third with 2,406 (15.5 per cent). In contrast, Northern England, Wales and Scotland have far fewer expensive streets - Wales is home to just 31, the North East England currently has 73, while Scotland has 165.

 

Consequently 19 of the top 20 towns with the most £1 million plus streets can all be found in Southern England, with Manchester’s Altrincham the only place to buck the trend. Excluding London, Reading takes the top spot with 207 £1 million plus streets (35 less than 2018), while the Surrey town of Guildford is second with 200, followed by Sevenoaks in Kent with 196.

 

Laura Howard, Consumer Expert at Zoopla, comments: “It’s no surprise that it’s the capital that plays host to the UK’s most expensive streets - but, even to the super-rich, the wealth that can be found among them is mind-blowing. 

 

“Homeowners in Kensington Palace Gardens for example, have seen almost £2.8m wiped off the value of their homes the last 12 months. But with typical property prices still just shy of £33m, it’s probable they haven’t even noticed.

 

“Outside London, it’s exclusive pockets of the well-heeled home counties, such as Kent, Surrey and Hertfordshire that boast the priciest streets. And, being one step removed from London’s cooling market, some property values are even higher than last year, such as Montrose Garden in Leatherhead.

 

“Even the broader picture of towns which have the highest concentration of £1m streets (on which the average property price stands at £1m or more) shows a strong southern bias, with 19 of the top 20 all located in southern England, the exception being Manchester’s Altringcham.

 

“Ultimately, our Rich List is a fascinating insight not into how the ‘other half’ lives, but into how the other ‘one per cent’ lives.”

 

 Visit Zoopla.co.uk/RichList for more information.

 

-ENDS-

Top 10 most expensive streets in Great Britain

Source: Zoopla, September 2019

 

 Top 10 most expensive streets by county* in Great Britain, outside London

*County level analysis based on 20 biggest British counties by population size

Source: Zoopla, September 2019

 

Regions ranked by number of streets with an average value of £1 million or more

Source: Zoopla, September 2019

 

Post town areas ranked by number of streets with an average value of £1 million or more*

Source: Zoopla, September 2019

*Excluding London

- Ends -

For further information, please contact PR Team on [email protected] or +44 (0)20 3873 8770.

Notes to Editors

Rich List data correct as of 12th September 2019

Data only includes streets where <25 per cent of properties have a Zoopla average property value estimate.

 

For further information, please contact:

Tim Vooght at Zoopla on 0203 872 5615 or email [email protected] 

 

About Zoopla

 

Zoopla is the UK's most comprehensive property website, helping consumers to research the market and find their next home by combining hundreds of thousands of property listings with market data and local information.

 

At Zoopla we are fans of transparency and everything we do is aimed at making the market more efficient for both property consumers and advertisers alike. Zoopla has rapidly become the UK’s leading online destination for property consumers to search for homes and do their market research and the favoured online marketing partner for UK estate agents, letting agents and property developers.

 

Launched in 2008, Zoopla has since been one of the fastest growing websites in the UK, now attracting over 50 million visits per month and we are proud to have collected numerous awards and accolades along the way, including being named one of the Top 10 UK Tech Companies (Guardian) and one of the Top 10 Most Innovative UK Companies (Smarta).

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