London home to 10 most expensive streets in England and Wales

06:48 28 December 2012

The 10 most expensive streets in England and Wales are in London. File picture: Chris Radburn/PA Wire

The 10 most expensive streets in England and Wales are in London. File picture: Chris Radburn/PA Wire

PA Wire/Press Association Images

London is home to the 10 most expensive streets in England and Wales, a study has revealed.

Ten most expensive streets in England and Wales, with their postcode and average house price according to Lloyds TSB:

1. Egerton Crescent, Kensington and Chelsea, London, SW3, £8.1m

2. Parkside, Merton, London, SW19, £5.2m

3. Campden Hill Square, Kensington and Chelsea, London, W8, £4.9m

4. Blenheim Crescent, Kensington and Chelsea, London, W11, £4.7m

5. Lansdowne Road, Kensington and Chelsea, London, W11, £4.7m

6. Home Park Road, Merton, London, SW19, £4.7m

7. Drayton Gardens, Kensington and Chelsea, London, SW10, £4.4m

8. Eaton Square, Westminster, London, SW1, £4.4m

9. Lancaster Gate, Westminster, London, W2, £4.4m

10. Duchess of Bedford’s Walk, Kensington and Chelsea, London, W8, £4.2m

Top of the list is Egerton Crescent in the borough of Kensington and Chelsea. A stone’s throw from the Victoria and Albert Museum and Harrods, homes in the road typically cost £8.1million, according to Lloyds TSB.

There are five other streets in Kensington and Chelsea in the top 10. Two of the remaining roads are in Merton, and the other two are in Westminster.

House prices in central London have continued to shoot upwards over the past year amid strong interest from wealthy overseas buyers looking for a safe haven amid the uncertainty of the eurozone.

However, some analysts have suggested that a 7 per cent stamp duty rate which was placed on homes worth over £2m in the spring could cause the market to cool off slightly next year.

Parkside, skirting Wimbledon Common, in Merton, came in second place on the Lloyds TSB list with an average property price of £5.2 million.

Campden Hill Square in the heart of London’s Holland Park in Kensington and Chelsea, which was last year’s most expensive street, was pushed into third place this year, with an average price of £4.9m.

Commenting on the dominance of Kensington and Chelsea, Nitesh Patel, an economist at Lloyds TSB, said: “In recent years, its prime location in central London and classical architecture has attracted affluent celebrities and ultra wealthy foreign businessmen, helping to drive up property prices.

“Across most regions, the most expensive streets are typically tightly clustered.”

Away from the English capital, the most expensive streets include Woodlands Road West in Virginia Water, Surrey, where homes are worth £3.2m on average and Leys Road in Leatherhead, also in Surrey, where homes have a £3m price tag.

Outside southern England, the most expensive street is just south of Manchester, in Park Lane, Altrincham, with an average house price of £2.1m.

The study used Land Registry records of sales which took place between January 2007 and September this year.

Latest Stories from SNAP.PA

Oliver Proudlock and Binky Felstead have dropped some hints about the Made In Chelsea Christmas special.

Read more

We look at the highlights of Strictly Come Dancing 2014.

Read more

Jim Carrey claims he was pestered into making a Dumb And Dumber sequel.

Read more

Promoted content

We've got a great selection of Secret Santa presents and stocking fillers for under a tenner...  (Photo by Matt Cardy/Getty Images)

Office Secret Santa: it’s a Christmas ritual that everyone dreads, but no-one wants to seem like a Scrooge by saying no. Never fear, London24 is here to make buying gifts for Dave in Accounts simple and stress-free, with a selection of presents for under a tenner

Money saving Christmas gifts to add to your shopping list!

It’s nearly time to go on the hunt for Christmas presents, stuck on what to get for your nearest and dearest? We’ve picked out a selection of great deals to get you started and to help you save some pennies!

And they have a role to play in saving their species.

Twinkle, twinkle you little stars – thanks for making your homes so festive.

Offers for university places are at a record high.

Quirky London