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Where are the most expensive streets to live in Britain?

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The pandemic may have seen an exodus out of many cities, but London retains its crown in having the priciest addresses in Britain.

The nation’s most expensive Millionaire’s Rows have been revealed by new research and top of the list is Tite Street, in the London borough of Chelsea and Kensington, where the average value of a home is just under £30million.

In fact, the top 10 most expensive streets are all in London and have an average price tag of more than £19million. 

However, the costliest streets outside of the capital have seen prices increase faster, as buyers hunger for more space out of town after several lockdowns.

This four-bed terrace house in Tite Street, in London's Chelsea, is for sale for £5.53million via John D Wood & Co estate agents

This four-bed terrace house in Tite Street, in London’s Chelsea, is for sale for £5.53million via John D Wood & Co estate agents

Top of the list of most expensive streets in Britain is Tite Street, London, according to the annual Halifax survey

Top of the list of most expensive streets in Britain is Tite Street, London, according to the annual Halifax survey

The average price of a home on one of the ten most expensive streets in both the North and West Midlands increased 11 per cent in a year, making them the two best performing regions.

In the North West they have increased by 5 per cent on average, followed by the East Midlands at 4 per cent. London, in comparison, experienced just a 1 per cent increase.

At the other end of the scale, in the South West the prices of homes on these streets have tumbled 15 per cent, while in East Anglia the average price has dropped 5 per cent.

The most expensive road – Tite Street – is between the banks of the River Thames to the south and the iconic Kings Road to the north.

It replaces last year’s top spot, which was Avenue Road In London’s St John’s Wood, according to the annual survey by Halifax.

Second on the list is Phillimore Gardens, near Holland Park, where average prices stand at £25,188,000.

In third place is Mayfair’s South Audley Street, where an average home costs more than £22million.

In third place is Mayfair's South Audley Street, where the average cost of a property is more than £22million

In third place is Mayfair’s South Audley Street, where the average cost of a property is more than £22million

A one-bed flat in this luxury block in Mayfair's South Audley Street is currently for sale for £2.1million via Carter Jonas estate agents

A one-bed flat in this luxury block in Mayfair’s South Audley Street is currently for sale for £2.1million via Carter Jonas estate agents

London streets continue to dominate the top 10 most expensive streets, particularly the areas of Kensington, Chelsea and the City of Westminster.

However, the South East proves that it has its fair share of expensive addresses too.

Ranked eleventh and twelfth are South Ridge and East Road in Surrey’s Weybridge, with average values at £7,125,000 and £6,862,000 respectively.

Esther Dijkstra, of Lloyds Bank, said: ‘London’s dominance of the top ten most expensive streets in the UK continues, with property prices on some of the most famous roads in the capital averaging £19 million.

HISTORY OF TITE STREET

The street is named after William Tite who was a member of the Metropolitan Board of Works, responsible for the construction of Chelsea Embankment to the south of Tite Street.

Gough House stood on the eastern side of the street, and was built around 1707. It became a school in 1830, then the Victoria Hospital for Children in 1866. In 1898, the building was considered not fit for purpose. The hospital moved to St George’s Hospital, and the original building was demolished in 1968. The site is now occupied by St Wilfred’s convent and home for the elderly.

In the late 19th century, the street was a favoured and fashionable location for artists and writers.

Oscar Wilde’s house at 34 Tite Street, is today commemorated with a blue plaque  

 

‘Homes in the South East’s most expensive streets will set you back around £5.5 million, and you’ll benefit from more rural locations all within commuting distance of the capital.

‘However, much like house prices overall, homes in London have not experienced the same meteoric rise as other regions this year. Buyers with deeper pockets may be starting to look beyond the capital for their next grand home.’

Halifax used information from several sources, including the Land Registry, averaging values between January 2016 and September 2021.

London’s dominance continues despite the so-called ‘race for space’ among house hunters during the pandemic. 

Guy Meacock, of buying agency Prime Purchase, explained: ‘Covid was the perfect catalyst, creating the desire, not just for space but more outside space, away from the neighbours and a bit of splendid isolation, which the densely populated city simply couldn’t supply. 

‘There was compelling historical value to be found in the country compared with London, while an entire market cycle and extraordinary amount of activity was distilled into a tiny window of 18 months, which saw parts of the country become golden postcodes in their own right.’

However, he added: ‘Before Omicron emerged, city life had been rebounding fast. 

‘Many people bought in the country as a knee-jerk reaction and may look back wondering whether they would have been better off renting, with employers reportedly asking staff to return to the office four days a week. 

‘London’s star may have slipped but it has also seen a strong rebound with record levels of activity. Whatever befalls London, it continues to recover, the phoenix which keeps coming back.’

This five-bed semi-detached house in Tregunter Road, London - one of the most expensive streets in the country - is for sale for £23.5million via Forbes Gilbert-Green estate agents

This five-bed semi-detached house in Tregunter Road, London – one of the most expensive streets in the country – is for sale for £23.5million via Forbes Gilbert-Green estate agents

TOP 20 MOST EXPENSIVE STREETS IN ENGLAND AND WALES 2021
Street Name Posttown Region Postcode Average House Price
£ – 2016-2021*
Tite Street London Greater London Sw3 28,902,000
Phillimore Gardens London Greater London W87 25,188,000
South Audley Street London Greater London W1K 22,850,000
Chelsea Square London Greater London Sw3 18,800,000
Queen Annes Gate London Greater London Sw1 17,563,000
Knightsbridge London Greater London Sw1 16,749,000
Ilchester Place London Greater London W14 16,304,000
Kensington Park Gardens London Greater London W11 15,683,000
Manresa Road London Greater London Sw3 15,518,000
Tregunter Road London Greater London Sw1 15,510,000
South Ridge Weybridge South East Kt1 7,125,000
East Road Weybridge South East Kt1 6,862,000
Montrose Gardens Leatherhead South East Kt2 5,862,000
Witheridge Lane High Wycombe South East Hp1 5,575,000
Virginia Avenue Virginia Water South East Gu2 5,438,000
Charlbury Road Oxford South East Ox2 5,103,000
Bucklers Hard Brockenhurst South East So4 5,038,000
Hatton Hill Windlesham South East Gu2 5,009,000
Fishers Wood Ascot South East Sl5 4,804,000
Furze Field Leatherhead South East Kt2 4,575,000
Source: Halifax *For period between January 2016 and September 2021

Most expensive streets outside of London 

The North

The top two most expensive streets are in the North of England are in Windermere, on Old Hall Road, where average values are £2,508,000, followed by Newby Bridge Road at £1,488,000.

Seven of the top 10 most expensive streets in the North are based in Newcastle Upon Tyne, with Montagu Avenue the most expensive in the city and third on the list at £1,369,000.

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 Underwood Road in Alderley Edge at £2,925,000 and Stanhope Road in Altrincham at £2,785,000.

Theobald Road, also in Altrincham, has an average house price of £2,572,000, and Withinlee Road in Macclesfield is at £2,536,000 – completing the top five.

Yorkshire and the Humber

The most expensive street in the region is Fulwith Mill Lane, Harrogate, at £1,797,000, followed by Ling Lane, Leeds, at £1,551,000.

Hag Farm Road in Ilkley has an average price of £1,468,000, while Wetherby’s Linton Lane is at £1,353,000 and Sandmoor Drive, Leeds, at £1,351,000 make up the top five most expensive streets in the region.

West Midlands

In the West Midlands, Birmingham’s Carpenter Road at £3,088,000 takes the top spot, followed by Old Warwick Road in Solihull at £2,113,000.

Beechwood Croft at £1,930,000 and Ladywood Road at £1,836,000 in Sutton Coldfield are the third and fourth most expensive streets to live in the region, followed by Solihull’s Rising Lane at £1,759,000 in fifth.

East Midlands

The top three most expensive streets in the region can all be found in Leicester, with Benscliffe Road at £3,288,000 topping the pile, followed by Holmewood Drive at £1,940,000 and Ulverscroft Lane at £1,719,000. 

Stamford’s St. Marys Street at £1,659,000 and Northampton Road in Rushden at £1,602,000 complete the top five.

East Anglia

The 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 Storeys Way at £2,585,000, Barrow Road at £2,319,000, Millington Rad at £2,317,000 and then Bentley Road at £2,104,000.

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 £6,862,00.

In third place is Montrose Gardens in Leatherhead at an average price of £5,862,000 and completing the South East top five are Witheridge Lane, High Wycombe, at £5,575,000 and Virginia Avenue, Virginia Water, at £5,438,000.

South West

Eight of the top 10 most expensive streets in the South West can be found in Poole, with the top two – Pearce Avenue at £3,478,000 and Panorama Road at £3,002,000 – found in the area.

Bath’s Weston Park completes the top three, with an average price of £2,796,000.

Poole has the final two streets to make the top five in the region, with Wilderton Road and Whitecliffe Road both attracting average house prices of £2,528,000.

Wales

Benar Headland in Pwllheli is Wales’s most expensive street with an average price of £2,152,000.

The most expensive street in the Welsh capital of Cardiff is Llandennis Avenue, where the average house price is £1,361,000.

Llys Helyg Drive in Llandudno at £1,219,000, Cliff Parade in Penarth at £1,213,000, and Hanley Cwrt in Usk at £1,152,000 complete the top five.

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Girl who fell from ‘Santa train’ settles High Court action

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A girl who fell out of a miniature “Santa train” on her way to visit a festive grotto has settled her High Court action against the operators for €192,000.

Freya Moore, who was six at the time of the 2016 incident, fell out through a door gap over which a chain was placed as the train was going around a corner in the Donegal attraction, it was claimed.

Her jacket allegedly got caught in part of the train and she was dragged for a short distance with her leg getting caught under the train before the alarm was raised, it was further claimed.

Freya, now 11, suffered a soft tissue injury to her leg and later required plastic surgery.

Through her father, Chris Moore, Breton Road, Lisburn, Co Antrim, she sued the operator of the Santa Train, Gerry Robinson, trading as Difflin Light Railways, operating at Oakfield Park, Raphoe, Co Donegal.

The accident happened on December 17th, 2016, when she was on a visit to the Santa Train excursion which involved travelling from “Oakfield Park Station” to a Santa’s grotto.

Liability was not conceded and there was a full defence to the claim.

In the action, it was claimed the defendant was negligent on a number of grounds including a failure to provide a safe premises and to ensure the chain across the door was at a height suitable to ensure a child of her age would not fall out.

It was claimed she was left with a scar on her right lower leg and may require further plastic surgery in the future. Afterwards, she was worried about accidents and falling out of a car and was anxious when visiting fairgrounds.

Micheál Ó Scanaill SC, for Freya, told the court the case had been settled for €192,000.

Mr Justice Michael Hanna approved the settlement with a payout of €2,000 for Freya and the remainder to be lodged in court until she reaches 18. The judge wished her the best of luck.

Mr Robinson died in October 2021.

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Catella invests €15.5m in Portuguese student accommodation

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The Catella European Residential Fund (CER) has made its first venture into the emerging Portuguese institutional investment market for student housing with the acquisition of an asset in the municipality of Cascais, just to the west of Lisbon, for €15.5m. The vendor is Value One HoldingThe property is located close to the beach in the Lombos neighbourhood of Carcavelos within the Cascais municipality and is a 10-minute walk from Portugal’s most prestigious business school, the NOVA School of Business and Economics, which has a student population of over 3,500. The centre of Lisbon can be reached within 20 minutes via two train stations. The 6,622m² property was built in 2020 and comprises 192 spacious single rooms (20m² on average) with a gym, rooftop terrace, study, music and leisure rooms and parking. It is 99% occupied and has obtained LEED Gold sustainability certification for its construction.

 

European student accommodation provider MILESTONE operates the residence under a management contract. MILESTONE was founded in Vienna, is a member of the Value One Group, an international real estate Developer and student housing operator and brings extensive knowledge of the conception, design and successful management of student housing, combined with international expertise. MILESTONE currently has 4,627 beds of purpose-built student housing under management and in development across Austria, Portugal, Germany, Netherlands, Poland and Italy.

 

Eduardo Guardiola, Managing Partner of Catella AM Iberia, said: This is a milestone for CER marking the vehicle’s first investment in Portugal. It is also an important step for CRIM as it represents the investment manager’s entry into Portugal. For Catella AM Iberia it marks our third transaction as advisors on a student accommodation acquisition in the Iberian region. The Portuguese real estate market is becoming increasingly relevant across both the affordable rental and student housing markets – which although very different in maturity and size offer some excellent investment opportunities.”

 

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Kirstie and Phil’s Love It Or List It viewers slam father-of-two who ‘clearly wants a bachelor pad’

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Viewers of Kirstie and Phil’s Love it or List it last night slammed a father-of-two who ‘clearly wanted a bachelor pad’ after he said he wanted a home where his children were ‘out the way.’

Sophie and Paul, from Aylesbury, who had spent the last eight years  in their home, had been totally split on whether they should renovate or list their property on the market for three years. 

The couple had allocated £90,000 to transform their house, but also had a £525,000 budget to look at new homes elsewhere. 

Following Kirstie’s advice on the show, they spent £80,000 converting their garage into a large living space as well as knocking down their old conservatory to make way for a huge extension.

But many of those watching were unimpressed by Paul’s attitude after he said he liked their new playroom because it meant his children ‘couldn’t bug him’.

Viewers of Kirstie and Phil's Love it or List it last night slammed Paul, from Aylesbury who 'clearly wanted a bachelor pad' after he said a home where his children were 'out the way'

Viewers of Kirstie and Phil’s Love it or List it last night slammed Paul, from Aylesbury who ‘clearly wanted a bachelor pad’ after he said a home where his children were ‘out the way’

Sophie and Paul had spent the last eight years in their home but said they had been totally split on whether they should renovate or list their property on the market for three years

Sophie and Paul had spent the last eight years in their home but said they had been totally split on whether they should renovate or list their property on the market for three years

The couple allocated £90,000 to transform their home and added an enormous extension, as well as converting their garage

The couple allocated £90,000 to transform their home and added an enormous extension, as well as converting their garage 

One wrote: ‘He doesn’t like his in-laws, his kids or his house. Think he wishes he was still a bachelor.’

Another wrote: ‘The partner is just gross, he just keeps going on about not being a bachelor anymore and how he doesn’t want the kids to bug him.

‘I get the sense he still likes to think of himself as a bachelor, I can just imagine him on a night out without her.’ 

Appearing on the programme last night, Sophie and Paul had been together for eight years and had two children, seven-year-old Finley and three-year-old Georgia. 

Both Sophie and Paul confessed they felt their family had outgrown the space which they had been living in for the past 13 years

Both Sophie and Paul confessed they felt their family had outgrown the space which they had been living in for the past 13 years 

Following Kirstie's advice they converted their garage into a large living space as well as knocking down their old conservatory to make way for a huge extension

Following Kirstie’s advice they converted their garage into a large living space as well as knocking down their old conservatory to make way for a huge extension

But when Paul bought their three bedroom house 13 years ago, a family home was not the objective. 

He explained: ‘This was my bachelor pad. I’m team List It, I want something fresh and new for Sophie and the kids.’

Meanwhile Sophie said: ‘I’m definitely a home bird and I love being here.’

She said they relied on her parents ‘a lot’ because they lived at the bottom of the road.   

Paul said the living room was one of his pet hates because the family were 'always on top of each other'

Paul said the living room was one of his pet hates because the family were ‘always on top of each other’ 

Meanwhile the couple had converted the property's conservatory into a playroom but admitted it wasn't fit for purpose for their children

Meanwhile the couple had converted the property’s conservatory into a playroom but admitted it wasn’t fit for purpose for their children 

But Paul said: ‘My pet hates include the location, the small bedroom upstairs is a tiny box-room. 

‘The playroom downstairs isn’t fit for purpose, the kitchen needs overhauling and the garage is a mess.

‘The most important thing for me in a house is having the divide between adult space and children space and I think that’s important especially as they grow up.’ 

Sophie added: ‘We’ve been in a limbo now for three years where nothing has been done.’  

The first property that Phil showed the couple was a 1930s semi which was just one mile away from their current home was (pictured)

The first property that Phil showed the couple was a 1930s semi which was just one mile away from their current home was (pictured) 

The four-bedroom home was listed under budget at £475,000 with a cosy separate living room, an up to date kitchen diner and a large family garden (pictured, the kitchen diner)

The four-bedroom home was listed under budget at £475,000 with a cosy separate living room, an up to date kitchen diner and a large family garden (pictured, the kitchen diner) 

While Sophie said the bedrooms were 'nice' (pictured), Paul commented that a spiral staircase up to the master suite was 'a bit tight when you come home late at night drunk'

While Sophie said the bedrooms were ‘nice’ (pictured), Paul commented that a spiral staircase up to the master suite was ‘a bit tight when you come home late at night drunk’

She told Kirstie and Phil she wanted to extend their home, while Paul said: ‘I’ve fallen out of love with the property. We’re all on top of each other here.’ 

But Sophie admitted she was unwilling to move further than a 15 minute drive from her parent’s home. 

Kirstie warned they would have to go to the top of their budget to fix the home’s problems, suggesting extending the kitchen diner into the area where the current conservatory is.

Meanwhile she said they could also convert the garage into a new living room, creating space for a new hallway. 

The second property on the search was in the village of Prestwood and priced at just under £550,000 (pictured)

The second property on the search was in the village of Prestwood and priced at just under £550,000 (pictured) 

It had four bright bedrooms, all of which were big enough to accommodate the children as they got older, as well as a separate playroom and a large kitchen (pictured, the kitchen)

It had four bright bedrooms, all of which were big enough to accommodate the children as they got older, as well as a separate playroom and a large kitchen (pictured, the kitchen)

Paul confessed he liked the property because of it's playroom, adding it would 'keep the children out the way' (pictured)

Paul confessed he liked the property because of it’s playroom, adding it would ‘keep the children out the way’ (pictured) 

Upstairs, the extension would give space for four bedrooms and a master suite.

Meanwhile the first property that Phil showed the couple was a 1930s semi which was just one mile away from their current home was. 

The four-bedroom home was listed under budget at £475,000 with a cosy separate living room, an up to date kitchen diner and a large family garden.

While Sophie said the bedrooms were ‘nice’, Paul commented that a spiral staircase up to the master suite was ‘a bit tight when you come home late at night drunk.’  

The final property was a large detached four-bedroom home was on budget for £525,000 (pictured)

The final property was a large detached four-bedroom home was on budget for £525,000 (pictured) 

It featured a large kitchen diner (pictured) and an office room to the front which could be used as a playroom

It featured a large kitchen diner (pictured) and an office room to the front which could be used as a playroom 

However the couple ultimately decided the downstairs living space wasn’t large enough for their family. 

The second property on the search was in the village of Prestwood and priced at just under £550,000. 

The detached home had been on the market a while, and Phil hoped that a deal could be done.

It had four bright bedrooms, all of which were big enough to accommodate the children as they got older, as well as a separate playroom and a large kitchen.   

After fifteen months of renovations, Kirstie and Phil returned to see the couple's changes to their property and were blown away

After fifteen months of renovations, Kirstie and Phil returned to see the couple’s changes to their property and were blown away 

Commenting on the couple's decision to have  a larger playroom for their children, Paul said it meant they 'wouldn't come through to bug us'

Commenting on the couple’s decision to have  a larger playroom for their children, Paul said it meant they ‘wouldn’t come through to bug us’

Paul commented: ‘Good playroom at the front…keep them out the way. Eventually this could be my main cave.’ 

And the final property in their search was in the quaint village of Stoke, with Paul saying: ‘I like the outside and it’s in a good location.’

The four-bedroom home was on budget for £525,000, with a large kitchen diner and an office room to the front which could be used as a playroom.

Outside, there was a double length garage which could be used for storage space. 

Fifteen months after the couple started the renovations on their home, Kirstie and Phil returned to find the property had been completely transformed. 

However despite Sophie and Paul's joy about their converted home, and their decision to stay in the property, many viewers were unimpressed by his attitud

However despite Sophie and Paul’s joy about their converted home, and their decision to stay in the property, many viewers were unimpressed by his attitud

They were blown away by the extension the couple had added to their home, with even Sophie admitting it was ‘bigger than they expected it to be.’

Meanwhile Paul added: ‘It’s definitely not a bachelor pad now.’

And commenting on the decision to build a separate  play room, he said: ‘The children can turn right [to the playroom] as opposed to coming all the way through here and bugging us.’ 

Overall the couple spent £80,000 and the property value has increased by £150,0000.

However despite Sophie and Paul’s joy about their converted home, and their decision to stay in the property, many viewers were unimpressed by his attitude. 

One wrote: ‘I think this guy just doesn’t want to live in the same house as his kids.’

Another added: ‘The guy on this obviously wants away from her parents and somewhere to shove the kids out of the way…he wants a bachelor pad…just come out and say it!’

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