Grosvenor Crescent in Belgravia has been named the most expensive street in England and Wales, according to research from Lloyds Bank, with prices averaging £16.9 million.
Located in the heart of one of London’s most desirable neighbourhoods, between Hyde Park Corner and Belgravia Square, Grosvenor Crescent is a prime address. Its Grade II listed houses and stunning terraces have significant buyer-appeal – reflected in the price tag. It also benefits from proximity to the exclusive shops and facilities of nearby Knightsbridge and Chelsea
The research found that six streets in the boroughs of Westminster and Kensington and Chelsea have an average house price of over £10 million. Belgravia, with its beautiful white stucco fronted properties, grand crescents and private garden squares, features repeatedly on the list.
Last year’s most expensive street, Eaton Square, came third at £13,585,000. But this prime Belgravia location has seen prices fall – from an average of £17 million last year. Nearby Chester Square came fourth at £12,534,000.
Ilchester Place in Holland Park was second with an average price of £16,700,000, with Kensington Road and Chelsea’s Carlyle Square also in the top ten.
Outside London, Surrey was the county with the most expensive streets. Poole in Dorset, Alderley Edge in Cheshire and Harrogate, Yorkshire all feature too.
Andrew Mason, Mortgage Products Director at Lloyds Bank said: “As expected, addresses in London and the south east top the list of most expensive places to live.
“The prime London boroughs of Westminster and Kensington and Chelsea continue to reign supreme with Britain’s most expensive streets. Six addresses in the two boroughs come with a price tag of over £10 million with the top two over £16 million.”
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