Grosvenor Crescent, located in the heart of London’s Belgravia between Hyde Park Corner and Belgravia Square, is the most expensive residential street in England and Wales, according to the latest research from Lloyds Bank.
A typical property on Grosvenor Crescent will cost an average of £16,918,000 and three of the top five most expensive streets are in Belgravia.
The second most expensive street is Ilchester Place in Holland Park, with an average house price of £16,700,000.
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.
Eaton Square, last year’s most expensive street, is now third with an average price of £13.585m (down from £17m last year) followed by Chester Square (£12.534m) – 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 £10 million plus streets.
The bank also reveals that 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’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.
There is at least one ‘million pound street’ in every region of England and Wales – 73 in total.
“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 £1 million 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” says Andrew Mason, mortgage products director at Lloyds Bank.