West London’s Kensington Palace Gardens is still the most expensive street in Britain, despite nearly £3m being wiped off average property prices since last year.
Kensington Palace Gardens has been coined Britain’s most expensive street for the 11th year running with the average home there costing a staggering £32.9m.
But properties at the prestigious address – home to the likes of Formula One heiress Tamara Ecclestone and Chelsea Football Club owner Roman Abramovich – have still seen £2.8m wiped off their value during the past 12 months, according to our 2019 Rich List.
Exclusive London enclaves accounted for all of the top 10 most expensive places to buy a home, with Courtenay Avenue in N6 taking second place with average house prices of £19.5m, followed by Grosvenor Crescent in SW1X at £19.1m.
Ilchester Place in W14 and The Boltons in SW10 completed the top five with average property values of £15.1m and £14.3m respectively.
Laura Howard, consumer expert at Zoopla, said: “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.
“Outside of London, it’s exclusive pockets of the well-heeled home counties, such as Kent, Surrey and Hertfordshire that boast the priciest streets.”
The most expensive street outside of London is Montrose Gardens in Leatherhead, Surrey, where property values average £6.5m.
Temple Gardens in Rickmansworth, Hertfordshire, takes second place with a typical home costing £4.4m followed by Philippines Shaw in Sevenoaks, Kent, where you’d need a £3.9m budget to buy a home.
While addresses in southern England dominated the list, Broadway in Altrincham, Greater Manchester, was the fifth most expensive street outside of the capital, with properties valued at an average of just under £3m.
Streets in Alderley Edge in Cheshire, Solihull in the West Midlands and Leicester also made it into the top 10 most expensive streets outside of London.