The most expensive street in the country has been revealed as Avenue Road in London, where the average house price is £ 30.5million.
Avenue Road is in the affluent St John’s Wood district of north-west London and is lined with multi-million pound mansions.
The road is a main corridor in central London, leading to Regent’s Park. It has captured the attention of wealthy shoppers in recent years and is dubbed one of the city’s “top destinations”.
This six-bedroom detached house sits on the most expensive street in England and Wales – Avenue Road in St John’s Wood, London – and is for sale for £ 27.5million
The country’s most expensive streets revealed by Lloyds Bank
Avenue Road has good access to local transport and amenities, but has managed to escape the traffic congestion that makes the capital’s other expensive roads less attractive.
But perhaps most importantly, Avenue Road has been one of the few arteries in the region where wealthy buyers can still acquire large plots of land in recent years – up to an acre – that are large enough to welcome the “trophy houses” they want.
This means that even the relatively ‘small’ and outdated properties on Avenue Road are considered premium purchases, as buyers are often able to bring them down to make room for even larger – and more valuable homes. – in their place.
Buying agent Henry Pryor said, “Homes on Avenue Road make mega dollars. Why? Because it is there that the one-upmanship is practiced at the Olympic level.
“People here never settle for second place, so homes currently for sale are more expensive than those that have been sold – but they will in turn be overshadowed by homes that are currently in the planning stages. ”
Avenue Road replaces last year’s first place, Ilchester Place in London’s Holland Park, where homebuyers last year could pay around £ 17million for the luxury address.
This eight-bedroom detached house on Avenue Road in London is for sale for £ 25million through estate agents Glentree
One of the more expensive streets is Ilchester Place in Holland Park in London (pictured)
The second most expensive is Tite Street in Chelsea, with an average house price of £ 28,902,000
Avenue Road’s impressive new entry, along with others on this year’s list by Lloyds Bank, reached the top after just a few lucrative deals in these sought-after streets.
The second most expensive is Tite Street in Chelsea, and its average price is £ 28,902,000.
It is followed by South Audley Street, where a house among the Mayfair Christmas lights will cost you £ 22.85million on average.
Ilchester Place in Holland Park at £ 16,583,000 and Holland Villas Road at £ 15,815,000 are in fourth and fifth place respectively.
Pictured: Grosvenor Crescent in Belgravia in London is one of the most expensive streets
All of the 10 most expensive places to live are in London, with the prestigious areas of Kensington and Chelsea and the City of Westminster topping the list.
However, the capital is challenged by the South East in the rest of the 20 most expensive streets in England and Wales.
The most expensive properties in the South East are now averaging £ 5.6million, up from £ 4.4million in 2019, according to Lloyds Bank.
Situated by the sea, Christchurch Road in Bournemouth entered number 16 this year, with properties in the area costing an average of £ 6,264,000.
Andrew Mason, Lloyds Bank, said: “It is no surprise that London continues to dominate the country’s main property market, but we are seeing marked price growth in the South East and other parts of the world. United Kingdom.
“The average price of housing, on the most expensive streets in the South East, has risen by more than £ 1million over the past year.
“Elsewhere, your typical house on Wales’ most expensive street this year costs just under £ 2million, compared to the top average of £ 900,000 last year.
“Meanwhile, the most expensive new street in the north is in Windermere, where your average house will also cost you north of £ 2million, up from the average price of just over 1.5 million. million pounds last year. “
This six bedroom detached house on St George’s Hill, Weybridge, Surrey is for sale at an indicative price of £ 14.5m
The most expensive streets in each region …
The two most expensive streets in the north are in Windermere – Old Hall Road, which averages £ 2,508,000, followed by Newby Bridge Road at £ 1,533,000.
Five of the 10 most expensive streets are based in Newcastle Upon Tyne – Montagu Avenue being the most expensive at £ 1,225,000, four in Windermere and one in Durham.
In the northwest, all of the expensive streets are in Altrincham, Macclesfield, Knutsford and Alderley Edge.
Barrow Lane in Altrincham is the most expensive street with houses averaging £ 3,706,000, followed by Green Walk at £ 2,763,000 and East Downs Road at £ 2,475,000 – all in Altrincham.
Bradford Lane at £ 2,375,000 and Withinlee Road at £ 2,336,000 are both at Macclesfield and round out the top five.
Yorkshire and the Humber
The most expensive street in Yorkshire and the Humber is Linton Lane in Ifby at £ 1,906,000, followed by St. Georges Place in York at £ 1,645,000 and Fulwith Mill Lane in Harrogate at £ 1,644,000.
Ling Lane in Leeds at £ 1,425,000 and Driffield Terrace in York at £ 1,375,000 are the five most expensive streets in the area.
In the West Midlands, Old Warwick Road with an average price of £ 2,278,000 and Rising Lane at £ 1,868,000 – both in Solihull – and Cherry Hill Road at £ 1,850,000 in Birmingham are the three most expensive addresses.
Next come Temple Road in Solihull at £ 1,817,000, Ladywood Road in Sutton Coldfield at £ 1,694,000 and Liveridge Hill in Henley-In-Arden at £ 1,629,000.
Benscliffe Road in Leicester is the most expensive street in the East Midlands with an average price of £ 3,288,000, followed by Ulverscroft Land, also in Leicester but at half the price, with typical values of £ 1,644,000.
Court of Honor in Oakham at £ 1,588,000, Wollaton Road in Nottingham at £ 1.57 million and Warren Hill in Leicester at £ 1,547,000 round out the top five.
The streets of Cambridge tower over the top 10 most expensive in East Anglia. Most of these streets are close to the main university district of postal districts CB2 and CB3.
Chaucer Road is the most expensive street at £ 3,610,000, followed by Clarkson Road at £ 2.93 million, Storeys Way at £ 2,585,000, Millington Rad at £ 2,351,000, then Cranmer Road at £ 2,233,000.
The most popular addresses in the area can be found in the towns of Weybridge and Leatherhead. South Ridge in Weybridge is the most expensive with an average price of £ 7,125,000, followed by East Road, also in Weybridge at £ 6,643,000.
In third place are Montrose Gardens in Leatherhead at an average price of £ 6,272,000 and the top five in the south-east are Birds Hill Drive in Leatherhead at £ 5,313,000 and Camp End Road in Weybridge at £ 5,237,000 .
The most expensive streets in the South West can be found in Bath, Bournemouth and Poole. Christchurch Road in Bournemouth is the most expensive with an average price of £ 6,264,000, followed by Bath’s The Circus at £ 3,117,000 and Kelston Road at £ 3,079,000.
The Streets of Poole represent six of the 10 most expensive streets, with Panaorama Road at £ 2,982,000 and Pearce Avenue at £ 28million rounding out the top five.
Benar Headland in Pwllheli is the most expensive street in Wales with an average price of £ 1,928,000. The most expensive street in the Welsh capital of Cardiff is Llandennis Avenue, where average house prices will bring buyers back to £ 1,803,000.
|Street name||Posttown||Region||Code postal||Average house price £|
|Avenue Road||London||Greater London||NW8||30 500 000|
|Tite Street||London||Greater London||SW3||28 902 000|
|South Audley Street||London||Greater London||W1K||22 850 000|
|Ilchester Place||London||Greater London||W14||16 583 000|
|Holland Villas Road||London||Greater London||W14||15 815 000|
|Route de Manresa||London||Greater London||SW3||15 518 000|
|Chemin Tregunter||London||Greater London||SW10||15 510 000|
|Croissant Grosvenor||London||Greater London||SW1X||15 440 000|
|Chester Square||London||Greater London||SW1W||15 400 000|
|Knightsbridge||London||Greater London||SW1X||14 954 000|
|South Ridge||Weybridge||South East||KT13||7 125 000|
|East Road||Weybridge||South East||KT13||6 643 000|
|Montrose Gardens||Leatherhead||South East||KT22||6 272 000|
|Christchurch Road||Bournemouth||South West||BH1||6 264 000|
|Promenade Birds Hill||Leatherhead||South East||KT22||5 313 000|
|Camp End Road||Weybridge||South East||KT13||5 237 000|
|Brooks Fermer||Weybridge||South East||KT13||5 100 000|
|Virginia Avenue||Virginia water||South East||GU25||5,083,000|
|Hatton Hill||Windlesham||South East||GU20||5 009 000|
|Fisherman’s wood||Ascot||South East||Sl5||4 996 000|
|Source: Lloyds Bank|