Grosvenor Crescent in Belgravia between Hyde Park Corner and Belgravia Square is the most expensive residential street in England and Wales, latest research from Lloyds Bank shows.
The top six most expensive streets are in the prime residential areas of the City of Westminster and Kensington and Chelsea – all with an average price of over £10m and two over £16m.
Andrew Mason, mortgage products director at Lloyds Bank said: “The prime London boroughs of Westminster and Kensington and Chelsea continue to reign supreme with Britain’s most expensive streets.
Rents up across England and Wales except in London and the North East
“Six addresses in the two boroughs come with a price tag of over £10m with the top two over £16m.”
There is at least a one ‘million pound street’ in every region of England and Wales with 73 in total.
A typical property on Grosvenor Crescent, the most expensive residential street, will cost an average of £16,918,000.
Belgravia is home to three of the top five most expensive streets. It has long attracted wealthy buyers to the area due to its graceful white stucco residences, sweeping crescents, private garden squares and closeness to all the amenities of closeby Knightsbridge, Pimlico and Chelsea.
The second most expensive street is Ilchester Place in Holland Park, with an average house price of £16,700,000.
Holland Park, in the district of Kensington and Chelsea, also has an affluent and fashionable reputation with many large period residencies that attract the rich and famous.
Last year’s most expensive street, Eaton Square, is now third with an average price of £13,585,000 (down from £17m last year).
This is followed by Chester Square (£12,534,000), which contains two of the three garden squares built by the Grosvenor family in Belgravia.
Carlyle Square (£11,618,000) and Kensington Road (£10,185,000) make up the remaining £10m plus streets.
Mason added: “As expected, addresses in London and the South East top the list of most expensive places to live, our research shows that all other regions have at least one £1m street.
“Away from London, the survey shows that the most expensive streets are tightly clustered within Cheshire, Yorkshire and the Humber and Sandbanks in Dorset on the south coast.”
Southern England contains seven of the top 20 most expensive streets in England and Wales are based in Surrey.
Weybridge is home to three – East Road (£5,053,000), West Road (£4,578,000) and Cavendish Road (£3,881,000).
Leatherhead has two – Queens Drive (£4,222,000) and Leys Road (£3,749,000), with the remaining two in Gorse Hill Road, Virginia Water (£3,727,000) and Icklingham Road, Cobham (£3,559,000).
Oxford Town’s Charlbury Road (£4,470,000) and Crick Road (£3,978,000) and Panorama Road in the Sandbanks area of Poole (£2,361,000) complete the top 20.
Outside of London and the South East, the most expensive streets are in, or close to, Sandbanks in Poole.
After Panorama Road, the most expensive street is Bury Road in Canford Cliffs, with an average price of £2,266,000, followed by Sandbanks Road (£2,180,000), Western Avenue (£2,155,000) and Haig Avenue (£2,108,000).
Millington Road in Cambridge is the most expensive street in East Anglia (£2,030,000) followed by Storeys Way (£1,881,000).