The building society Halifax has revealed the UK’s most expensive streets, with Phillimore Gardens in the London borough of Kensington topping the list. Average house prices on the street will now set buyers back an eye-watering £23.8 million. The street was built on the Phillimore Estate, on land acquired by the Phillimore family in the early eighteenth century. Phillimore Gardens runs roughly north to south from Duchess of Bedford’s Walk to Kensington High Street and is close to Holland Park.
Less than three miles away, Grosvenor Square in affluent Mayfair takes second spot with an average price tag of £23.5 million. Making up the top three is London’s picturesque Illchester Place, where properties now cost an average £17.7 million.
London dominates the priciest streets list, with just one road outside of the capital making it into the top 20, Titlarks Hill in Ascot. The street, which is in 12th place, offers properties at an average of £12.3 million.
10 most expensive streets in England and Wales 2022
Street Name Location Postcode Average House Price £: 2017-2022 Phillimore Gardens London W8 £23,802,000 Grosvenor Square London W1K £23,549,000 Ilchester Place London W14 £17,678,000 Grosvenor Crescent London SW1X £15,440,000 Clarendon Road London W11 £14,950,000 Ashburton Place London W1J £14,732,000 Lansdowne Road London W11 £14,621,000 The Vale London SW3 £14,020,000 Knightsbridge London SW1X £14,009,000 Chelsea Square London SW3 £13,231,000
Outside the capital, wealthier buyers looking for an exclusive postcode in the North East or the East Midlands would need around £1.5 million – the lowest ‘most expensive’ regions in the country.
Kim Kinnaird, Mortgages Director, Halifax said: “For almost all of us, these homes and their eye-watering price tags are the stuff fantasy house hunts are made of. “Unsurprisingly, London roads occupy the top 10 streets in the UK, and buying a home on London’s Phillimore Gardens could set you back a staggering £24 million on average. That said, the price of a prestigious address can differ hugely across the UK. Living on the most expensive street in the North East or East Midlands will cost something closer to £1.5 million.”
Six of the North East’s most expensive streets are now in Newcastle Upon Tyne, but it was Ramside Park in Durham (£1,553,000) that took the top spot in the region. Gubeon Wood, Morpeth (£1,491,000) was in second place, followed by Graham Park Road, Newcastle Upon Tyne (£1,339.000) in third. The remaining streets within the top 10 are in Newcastle Upon Tyne; Runnymede Road (£1,245,000), South Drive (£1,201,000), North Avenue (£1,168,000), Westfield Drive (£1,147,000) and Mitchell Avenue (£1,074,000)
Broadway in Altrincham (£3,184,000) is now the most expensive street in the North West with four other streets in Altrincham also in the top 10; Barrow Lane (£2,998,000), Theobald Road (£2,378,000), Hill Top (£2,309,000) and Stanhope Road (£2,215,000).
Yorkshire and the Humber
The most expensive street in the region is Manor House Lane, Leeds (£2,367,000), followed by Fulwith Mill Lane, Harrogate (£1,770,000) and then The Purey Cust, York (£1,754,000).
West Midlands In the West Midlands, Bakers Lane in Solihull is priciest, with houses costing an average £2,341,000. Ladywood Road (£2,029,000) and Kenilworth Close (£1,902,000) both in Sutton Coldfield are in second and third place in the region.
Warren Hill in Leicester (£1,615,000) is the most expensive street, followed by Melton Road, Nottingham (£1,600,000) and Park Lane in Towcester (£1,348,000).
East of England
In the East, the top six most expensive streets are all over £3 million. Chaucer Road in Cambridge (£4,240,000) is top, followed by Coopersale Street in Epping (£3,567,000), then Newlands Avenue in Radlett (£3,432,000).
The only street outside London to make the top 20 most expensive streets in the UK is Titlarks Hill in Ascot (£12,318,000), followed in the region by Westbrook Hill in Godalming (£8,960,000) and East Road in Weybridge (£8,364,000).
Five of the top 10 most expensive streets in the South West are in Poole, Dorset with Lawrence Drive (£4,085,000) in first place, with properties costing an average of over £4 million. Weston Park in the historic City of Bath (£3,328,000) is second and Mornish Road, Poole (£2,850,000) third.
Benar Headland in Pwllheli is the most expensive street in Wales with an average price of £1,730,000, followed by Llys Helyg Drive in Llandudno (£1,219,000) and Hanley Cwrt in Usk (£1,152,000). In the Welsh capital of Cardiff, the most expensive street is Westbourne Crescent (£1,003,000).
The cheapest place in England and Wales to live is Burnley at an average property price of just £107,298, one-tenth of the highest, the Royal Borough of Kensington & Chelsea where the average value is £1,133,768.
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