There are now 17,289 streets in Britain where the average property value is £1 million-plus, up from 14,417 in 2017, according to Zoopla’s 2018 Rich List.
Topping the list of the most expensive streets in Britain for the second year in a row is Kensington Palace Gardens, W8, where the average price is a whopping £35,647,605 – that’s £1,301,983 less than last year.
Wealthy residents include Formula One heiress Tamara Ecclestone and Chelsea F.C. owner Roman Abramovich.
Unsurprisingly, the top 10 most expensive streets are all in London, with Grosvenor Crescent, SW1X, in second place with an average price £21,738,111 and Courtney Avenue, N6, at £21,054,602.
However, all of London’s most exclusive addresses have decreased in value over the year, with a £4,605,215 average drop in house prices across the top 10 A-list streets.
Top 10 most expensive streets in Great Britain
|Rank||Street Name||Area||Average Property Value (£)|
|1||Kensington Palace Gardens, London W8||London||£35,647,605|
|2||Grosvenor Crescent, London SW1X||London||£21,738,111|
|3||Courtenay Avenue, London N6||London||£21,054,602|
|4||The Boltons, London SW10||London||£19,252,295|
|5||Ilchester Place, London W14||London||£15,235,846|
|6||Compton Avenue, London N6||London||£13,599,140|
|7||Albemarle Street, London W1S||London||£11,906,934|
|8||Cottesmore Gardens, London W8||London||£11,869,602|
|9||Frognal Way, London NW3||London||£11,627,793|
|10||Manresa Road, London SW3||London||£11,271,556|
Source: Zoopla, September 2018
Outside the capital, the most expensive roads are in single digits, with the most expensive fetching almost £6 million.
Montrose Gardens, in Leatherhead, Surrey, is the most expensive road, with an average price of £5,923,253, followed by Phillippines Shaw in Sevenoaks, Kent, in second place at £4,112,413, and Robins Nest Hill in Hertford, Hertfordshire, in third place at £3,782,579.
The property portal’s regional breakdown reveals a stark North-South divide. Most of the 17,289 £1 million streets in Britain are in the South, with 6,491 in the South East, 5,843 in London and 2,679 are in the East of England. In contrast, there are just 97 £1 million-plus homes in the North East, 161 in Scotland and 33 in Wales.
Out of the towns that have the most £1 million-plus streets, 19 out of 20 are in the South – the exception is Altrincham in Manchester. When London is excluded from Zoopla’s Rich List, then Reading is the town with the most £1 million-plus streets (242), followed by Guildford in Surrrey (230) and Sevenoaks in Kent (218).
Top 10 most expensive streets by county* in Great Britain, outside London
|Rank||Street Name||County||Average Property Value (£)|
|1||Montrose Gardens, Leatherhead (KT22)||Surrey||£5,923,253|
|2||Phillippines Shaw, Sevenoaks (TN14)||Kent||£4,112,413|
|3||Robins Nest Hill, Hertford, (SG13)||Hertfordshire||£3,782,579|
|4||Dock Lane, Brockenhurst (SO42)||Hampshire||£3,329,793|
|5||Broadway, Altrincham (WA15)||Greater Manchester||£2,864,222|
|6||Whitebarn Road, Alderley Edge (SK9)||Cheshire||£2,788,625|
|7||Mope Lane, Witham (CM8)||Essex||£2,708,783|
|8||Lovelace Avenue, Solihull (B91)||West Midlands||£2,215,762|
|9||The Ridgeway, Leicester LE7||Leicestershire||£1,882,566|
|10||Bennett Road, Salcombe TQ8||Devon||£1,811,589|
*County level analysis based on 20 biggest British counties by population size Source: Zoopla, September 2018
“Despite London’s property market continuing to plateau, its sheer desirability means that its most exclusive boroughs continue to dominate the list,” says Lawrence Hall, spokesperson for Zoopla.
“While the capital may be home to the most expensive streets, it’s the South East region that takes the top spot for the highest volume of streets with an average value of £1million or more, perhaps due to the rising cost of London’s commuter-belt areas.”