Victoria Road in Kensington is England’s most expensive residential street, with an average house price of £8,006,000, according to latest research from Lloyds Bank.
Meanwhile, the most expensive Welsh street can be found in the capital Cardiff, and with an average house price of £793,000, Druidstone Road is £7.2 million less than Victoria Road in London.
12 streets in the Royal Borough of Kensington and Chelsea are in the list of the 20 most expensive in the country. These include Egerton Crescent with an average price of £7,550,000, followed by Manresa Road (£7,359,000), De Vere Gardens (£6,606,000), Drayton Gardens (£5,954,000) and Chelsea Manor Road (£5,523,000).
Other Central London locations featuring prominently in the list of most expensive streets are in Westminster, including Eaton Square (£6,727,000), Chester Street (£5,533,000) and Prince Consort Road (£5,281,000).
Away from these two prime central locations, Parkside in Merton in south west London is amongst the 20 priciest streets with an average price of £6,355,000. Parkside is followed by West Heath Road in Barnet, north London (£5,199,000), and Anhalt Road in Wandsworth (£4,686,000).
Outside the capital, most of the desirable addresses are in the South East. After Leys Road, Icklingham Road in Cobham in Surrey is the most expensive with an average property price of £3,094,000. The next most expensive in the region is Moles Hill in Leatherhead (£3,085,000), Harebell Hill in Cobham (£3,041,000), Abbots Drive in Virginia Water (£2,937,000), Fishery Road in Maidenhead (£2,821,000) and Wildernesse Avenue in Sevenoaks (£2,167,000).
Poole in Dorset is the only area outside the South East, Sandbanks Road is the most expensive with an average house price of £2,493,000; followed by Western Avenue (£2,433,000) and Haig Avenue (£2,200,000) all of which are in Poole, Dorset.
All Top 50 of the most expensive residential streets in England and Wales are located in southern England – with over half in London (28) and a further 19 in the south east.
Newton Road close to the Cambridge Botanic Gardens is the most expensive street in East Anglia with an average house price of £1,853,000.
The most expensive streets outside southern England are concentrated in the area south of Manchester. Such as, Castle Hill in Macclesfield with an average property value of £1,662,000, followed by Macclesfield Road in Alderley Edge (£1,499,000), Torkington Road in Wilmslow (£1,330,000) and Goughs Lane in Knutsford (£1,299,000).
In the rest of the UK, the most expensive streets not in southern England are Lyndon Road in Oakham in Rutland (£1,363,000), Tiddington Road in Stratford-upon-Avon (£1,349,000), Rutland Drive in Harrogate (£1,191,000) and Graham Park Road in Newcastle (£1,029,000).
Andrew Mason, mortgages director at Lloyds Bank, said: “The largest concentration of England’s most expensive streets is in Kensington and Chelsea. This part of London has always had a glamorous reputation, attracting overseas buyers as well as those from the worlds of business and entertainment. The area clearly has its attractions with excellent schools, designer shops, close proximity to the capital’s business district and properties with the highest specifications. Other areas in the capital have similar qualities but property prices in Kensington and Chelsea tend to outperform the rest of London.
“Outside London, the areas with the most expensive streets are generally located away from central areas, where buyers are typically attracted by larger properties and more green space. These areas can be as diverse as Surrey, Cheshire, the ’Golden Triangle’ in Yorkshire and Poole on the south coast.”