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Where are the most expensive streets in England and Wales?

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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 area of St John’s Wood in north west London, and it is lined with multi-million pound mansions.

The road is a main corridor into central London, leading into Regent’s Park. It has caught the eyes of wealthy buyers in recent years and is dubbed one of the city’s ‘most desirable destinations’.

This six-bed detached house is in the most expensive street in England and Wales - Avenue Road in St John's Wood, London - and is for sale for £27.5m

This six-bed detached house is in the most expensive street in England and Wales – Avenue Road in St John’s Wood, London – and is for sale for £27.5m

The most expensive streets in the country have been revealed by Lloyds Bank

The most expensive streets in the country have been revealed by Lloyds Bank

Avenue Road has good access to transport links and local amenities, but it has managed to escape the traffic congestion that makes other expensive roads in the capital less appealing.

But perhaps more importantly is that Avenue Road has been one of the few thoroughfare’s in the area where wealthy buyers can still snap up substantial plots of land in recent years – up to an acre – that are big enough to accommodate the ‘trophy homes’ they desire.

It means that even relatively ‘small’ and outdated properties on Avenue Road are seen as premium purchases, as buyers are often able to knock them down to make room for even bigger – and more valuable – homes in their place.

Buying agent Henry Pryor said: ‘Homes on Avenue Road go for mega bucks. Why? Because this is where one-upmanship is practiced at Olympic levels. 

‘The people here never settle for second best so the homes that are currently for sale are more expensive than the ones that have been sold – but they in turn will be eclipsed by the homes that are now being planned.’ 

Avenue Road replaces last year’s top spot, Ilchester Place in London’s Holland Park, where homebuyers last year could pay around £17million for the luxury address.

This eight-bed detached house in Avenue Road, London, is for sale for £25m via estate agents Glentree

This eight-bed detached house in Avenue Road, London, is for sale for £25m via estate agents Glentree

One of the most expensive streets is Ilchester Place in London's Holland Park (pictured)

One of the most expensive streets is Ilchester Place in London’s Holland Park (pictured)

The second most expensive is Tite Street in Chelsea, with an average house price of £28,902,000

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 in this year’s list by Lloyds Bank have reached the top following only a few lucrative transactions on these sought-after streets.

The second most expensive is Tite Street in Chelsea, and has an average house price of £28,902,000.

It is followed by South Audley Street where a home among the Mayfair Christmas lights will set you back £22.85million on average.

Holland Park’s Ilchester Place at £16,583,000 and Holland Villas Road at £15,815,000, are in fourth and fifth place respectively.

Pictured: Grosvenor Crescent in London's Belgravia is one of the most expensive streets

Pictured: Grosvenor Crescent in London’s Belgravia is one of the most expensive streets

All of the top 10 most expensive places to live are in London, with the prestigious areas of Kensington and Chelsea and the City of Westminster dominating the list.

However, the capital is being challenged by the South East in the rest of the top 20 most expensive streets in England and Wales.

The priciest properties in the South East are now an average of £5.6million, up from £4.4million in 2019, according to Lloyds Bank.

Seaside location Christchurch Road in Bournemouth has entered at number 16 this year, with properties in the area costing £6,264,000 on average.

Andrew Mason, of Lloyds Bank, said: ‘It comes as no surprise that London continues to rule the roost of the country’s prime property market, however we are seeing a marked growth in prices in the south east and across other UK regions. 

‘The average house price, in the most expensive streets in the South East has risen by over a staggering £1million in the past year.

‘Elsewhere your typical home on Wales’s most expensive street this year is just shy of £2million, compared to last year’s top average of £900,000. 

‘Meanwhile the new priciest street in the North is located in Windermere, where your average home will also cost you north of £2million, up from last year’s mean price of just over £1.5million.’

This six-bed detached house on St George's Hill, Weybridge, Surrey is for sale with a guide price of £14.5m

This six-bed detached house on St George’s Hill, Weybridge, Surrey is for sale with a guide price of £14.5m

The most expensive streets in each region…

North 

The top two most expensive streets in the North are in Windermere – Old Hall Road, which has an average house price of £2,508,000, followed by Newby Bridge Road at £1,533,000.

Five of the top 10 most expensive streets are based in Newcastle Upon Tyne – with Montagu Avenue being the most expensive at £1,225,000, four in Windermere and one in Durham.

North West

In the North West, all the expensive streets are in Altrincham, Macclesfield, Knutsford and Alderley Edge.

Barrow Lane in Altrincham is the most expensive street with homes selling, on average, for £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 in Macclesfield, and complete the top five.

Yorkshire and the Humber

The most expensive street in Yorkshire and the Humber is Linton Lane in Whetherby 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 make up the top five most expensive streets in the region.

West Midlands

In the West Midlands, Old Warwick Road with an average house price of £2,278,000 and Rising Lane at £1,868,000 – which are both in Solihull – and Cherry Hill Road at £1,850,000 in Birmingham, are the three priciest addresses.

These are followed by 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.

East Midlands

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 at £1,644,000.

Cour D’Honneur in Oakham at £1,588,000, Wollaton Road in Nottingham at £1.57million and Warren Hill in Leicester at £1,547,000 complete the top five.

East Anglia

Streets of Cambridge dominate the 10 most expensive in East Anglia. Most of these streets are close to the main university area in the CB2 and CB3 postal districts.

Chaucer Road is the most expensive street at £3,610,000 followed by Clarkson Road at £2.93million, Storeys Way at £2,585,000, Millington Rad at £2,351,000 and then Cranmer Road at £2,233,000.

South East

The region’s most desirable addresses are 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 is Montrose Gardens in Leatherhead at an average price of £6,272,000 and completing the south east top five are Birds Hill Drive in Leatherhead at £5,313,000 and Camp End Road in, Weybridge at £5,237,000.

South West

The most expensive streets in the south west are found in Bath, Bournemouth, and Poole. Christchurch Road in Bournemouth is the most expensive with an average house price of £6,264,000, followed by Bath’s The Circus at £3,117,000 and Kelston Road at £3,079,000.

Streets in Poole make up six out of the 10 most expensive streets, with Panaorama Road at £2,982,000 and Pearce Avenue at £28million completing the top five.

Wales

Benar Headland in Pwllheli is Wales’s most expensive street with an average price of £1,928,000. The most expensive street in the Welsh capital of Cardiff is Llandennis Avenue, where the average house price will set buyers back £1,803,000.

Most expensive streets in England and Wales 2020 
Street Name Posttown Region Postcode Average House Price £
2015-2020*
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
Manresa Road London Greater London SW3 15,518,000
Tregunter Road London Greater London SW10 15,510,000
Grosvenor Crescent 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
Birds Hill Drive Leatherhead South East KT22 5,313,000
Camp End Road Weybridge South East KT13 5,237,000
Brooks Close 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
Fishers Wood Ascot South East Sl5 4,996,000
Source: Lloyds Bank         

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Sirius Real Estate sells London business park for €18.8m (GB)

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Sirius Real Estate has agreed to the sale of an asset in Camberwell, London, for €18.8m (£16m), representing a NIY of circa 2%. The property formed part of the portfolio Sirius acquired in November 2021 with its purchase of BizSpace, the leading provider of regional light industrial, workshop, studio and out of town office units across the UK. The sale price represents a 94% premium to the valuation at the time of Sirius’ acquisition of BizSpace.

 

The multi-tenanted business park, which comprises approximately 34,700ft² of industrial and office space is 91% occupied following a series of asset management measures delivered through the BizSpace platform. The sale is expected to complete in July 2022.

 

Commenting on the transaction, Andrew Coombs, Chief Executive Officer of Sirius Real Estate, said: “This disposal is further proof of the latent value in the BizSpace portfolio we acquired late last year, the price being significantly ahead of last September’s valuation on which our purchase was based, and the attractive sale follows our recent announcement that we had since improved like-for-like rental income across the portfolio by 7.5%. The sale will allow us to invest in new opportunities for BizSpace in the UK as we continue to build our acquisition pipeline. Bringing together the Sirius and BizSpace platforms, with a strengthened management team at BizSpace, is already delivering strong results and operational synergies that will enhance our UK portfolio.”

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Southwold beach hut which is 10ft wide with no running water or electricity up for sale for £250,000

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A beach hut in an upmarket seaside town which is famed for its celebrity visitors has gone on the market for a record £250,000.

The price is believed to be the highest ever to be asked in the UK for a hut which people are not allowed to sleep in – and is double the cost of a three bedroom terraced house just 10 miles away.

The hut, numbered 149 and called ‘Here’s Hoping’, measures 10ft 6ins wide and is in a prime position on the promenade in the Edwardian town of Southwold, Suffolk.

The resort has always been a popular retreat for well-heeled Londoners and celebrities including Chris Evans, Michael Palin, Stephen Fry, Rowan Atkinson and Richard Curtis.

Beach huts on the south coast can be more expensive with selling prices for some in Dorset exceeding £500,000.

But the huts in Southwold, which have no electricity or running water, are subject to strict local by-laws which ban anyone from sleeping overnight.

A beach hut called 'Here's Hoping', pictured, which sits on the promenade of the upmarket seaside town Southwold in Suffolk, Doset, famed for its celebrity visitors, has gone on the market for a record £250,000

A beach hut called ‘Here’s Hoping’, pictured, which sits on the promenade of the upmarket seaside town Southwold in Suffolk, Doset, famed for its celebrity visitors, has gone on the market for a record £250,000

The price is believed to be the highest ever to be asked in the UK for a hut which people are not allowed to sleep in. The hut, called 'Here's Hoping' and numbered 149, measures 10ft 6ins wide and is in a prime position on the promenade in the Edwardian town

The price is believed to be the highest ever to be asked in the UK for a hut which people are not allowed to sleep in. The hut, called ‘Here’s Hoping’ and numbered 149, measures 10ft 6ins wide and is in a prime position on the promenade in the Edwardian town

The resort has always been a popular retreat for well-heeled Londoners and celebrities including Chris Evans, Michael Palin, Stephen Fry, Rowan Atkinson and Richard Curtis. Beach huts on the south coast can be more expensive with selling prices for some in Dorset exceeding £500,000

The resort has always been a popular retreat for well-heeled Londoners and celebrities including Chris Evans, Michael Palin, Stephen Fry, Rowan Atkinson and Richard Curtis. Beach huts on the south coast can be more expensive with selling prices for some in Dorset exceeding £500,000

The buyer will still have to pay annual ground rent of £998 and will only have 18 years left of a 30 year lease, although there will be an option to renew.

They will be able to enjoy spectacular views from a veranda overlooking the beach and the North Sea, while being just a short walk from pubs, restaurants and shops.

But just 10 miles away in Lowestoft, Suffolk, there are several homes up for sale, priced between £120,000 and £140,000.

But the huts in Southwold (pictured), which have no electricity or running water, are subject to strict local by-laws which ban anyone from sleeping overnight

But the huts in Southwold (pictured), which have no electricity or running water, are subject to strict local by-laws which ban anyone from sleeping overnight

Southwold beach (pictured) has always been a popular retreat for well-heeled Londoners and celebrities including Chris Evans, Michael Palin, Stephen Fry, Rowan Atkinson and Richard Curtis

Southwold beach (pictured) has always been a popular retreat for well-heeled Londoners and celebrities including Chris Evans, Michael Palin, Stephen Fry, Rowan Atkinson and Richard Curtis

Huts in the best locations within Southwold, which is famed for its Adnams brewery, pier and lighthouse, are rarely on the market and some have been in the same family or generations

Huts in the best locations within Southwold, which is famed for its Adnams brewery, pier and lighthouse, are rarely on the market and some have been in the same family or generations

Several semi-detached homes in the area offer three bedrooms, one bathroom and two reception rooms, and is located 0.1 miles away from Lowestoft railway station.

Another property on the market is a £90,000, three-bed semi-detached bungalow at Broadlands Park and Marina in Lowestoft which has a garden, one bathroom and one living room.

The listing for the beach hut boasts that it has ‘glazed double folding doors’ and ‘a number of storage cupboards’.

The previous highest price asked for one of Southwold’s 300 beach huts was £150,000 in September 2018.

Prices have soared since then as property prices have continued to increase and the demand for staycation breaks following the Covid epidemic has boomed.

Huts in the best locations within Southwold, which is famed for its Adnams brewery, pier and lighthouse, are rarely on the market and some have been in the same family or generations.

Several semi-detached homes in the area offer three bedrooms, one bathroom and two reception rooms, and is located 0.1 miles away from Lowestoft railway station

Several semi-detached homes in the area offer three bedrooms, one bathroom and two reception rooms, and is located 0.1 miles away from Lowestoft railway station

Many are rented out for around £600 a week to visitors who flock to the town.

The latest asking price is more than double the price of a three bedroom terrace house on the market for £110,000 around ten miles away in Lowestoft, Suffolk.

More than half the properties in Southwold are second homes and the full-time population is now below 1,000, putting extra strain on local services.

Earlier this year, councillors unveiled plans to try and stem the number of second homes in the town and make more affordable housing possible for local people.

A spokesperson for estate agent Flick & Son, which is selling the hut, said: ‘I am sure it will go very quickly.

‘There is a high demand for huts and we expect there will be a bidding war in the end.’

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EU will retaliate to any unilateral action on NI protocol, Coveney warns

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British prime minister Boris Johnson has been warned of the consequences of unilateral action on the Northern Ireland protocol, including the prospect of “retaliatory” action from Europe.

On the eve of Mr Johnson’s visit to Belfast, the Government and Sinn Féin said moves to disapply parts of the protocol risked damaging east-west relations.

Minister for Foreign Affairs Simon Coveney spoke of a “landing zone” for negotiations and indicated that the European Union was willing to make adjustments through “partnership and dialogue” due to what he said were “legitimate concerns” within unionism about the operation of the protocol.

However, he also said that if London moved unilaterally it would make matters “significantly worse” and that “then the EU will be forced to respond to that with some form of retaliatory action”.

Mr Coveney said it was not “helpful” to expand on what form that might take, but that a response “would be very negative”.

Taoiseach Micheál Martin said “there is a real and urgent obligation now” for Britain to engage with the European Commission “in a real and professional way to resolve issues that have been raised”.

Powersharing

Ahead of talks between Mr Johnson and Northern Irish political leaders aimed at restoring powersharing at Stormont, Sinn Féin’s northern leader Michelle O’Neill said unilateral action would “represent an appalling attack on the international rule of law”.

“Only through joint agreement with the EU can solutions to problems or concerns be resolved,” she said.

“I will be telling Boris Johnson that unilateral action deepens political instability and economic uncertainty and must not happen.”

Ms O’Neill is to meet Mr Martin in at Government Buildings Dublin on Monday morning ahead of her meeting with Mr Johnson.

Mr Coveney travels today to Brussels for a meeting of the EU Foreign Affairs Council and will later speak with EU negotiator Maros Sefcovic and British foreign secretary Liz Truss, who is expected to announce legislation on Tuesday that will unilaterally override central elements of the protocol.

Speaking to The Irish Times, Mr Coveney said Mr Sefcovic is open to making “significant progress” on the protocol.

“I believe there are solutions we could pursue and we can agree relatively quickly if there was an attitude to do so on both sides,” he said. “But we need a partner in London to do that, not a partner that is making threats of unilateral action.”

Envoy

The Minister also said he believes it is “likely” that US president Joe Biden will appoint an envoy to the North, saying the US administration is “extremely interested” in marking 25 years since the Belfast Agreement next year with “its institutions intact and functioning as they need to be”.

Mr Johnson is expected to affirm his commitment to the agreement and assert that he is not seeking to scrap the protocol. But Downing Street said ahead of his meetings with the North’s party leaders that he will not drop his government’s threat to unilaterally disapply parts of the protocol, which Mr Johnson agreed with the EU in 2019.

Downing Street said in a statement that Mr Johnson will tell party leaders that the door will always be open to “genuine dialogue” but that “there will be a necessity to act” and protect the Belfast Agreement if the EU does not change its position.

Writing in Monday’s Belfast Telegraph, Mr Johnson outlined that the protocol “has not been adapted to reflect the realities of the [Trade and Co-operation Agreement]”. He will signal that there is “without question a sensible landing spot in which everyone’s interests are protected”. However, he said that if the EU’s position does not change, “there will be a necessity to act”.


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