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
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It means that even relatively ‘small’ and outdated properties on Avenue Road are seen as premium purchases, as buyers are often able to knock them down to make room for even bigger – and more valuable – homes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
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
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
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
The most expensive streets in each region…
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.
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.
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.
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.
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.
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.
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.
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.
|Street Name||Posttown||Region||Postcode||Average House Price £|
|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|
|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|