Belgravia’s Grosvenor Crescent has been named the country’s most ‘expensive street’, toppling Eaton Square, which was named the most expensive street the previous year.
According to a report from Lloyds Bank, the average cost of a property on Grosvenor Crescent is £16.9 million.
Holland Park’s Ilchester Place was named the second most expensive street, and Eaton Square is listed in third place.
Unsurprisingly, the majority of the UK’s most expensive streets for property are to be found in London in the boroughs of Kensington and Chelsea and the City of Westminster, and the south-east.
Mortgage Products Director for Lloyds Bank, Andrew Mason, said: “‘As expected, addresses in London and the South East top the list of most expensive places to live, our research shows that all other regions have at least one £1 million street.”
Belgravia has long been a top residential area, featuring some of the capital’s most sought-after properties. Defined by elegant stucco architecture, wide streets, upmarket shops, neighbourhood restaurants, independent cafes and garden squares, it’s easy to see why Belgravia is a highly desirable place to live.
Though Belgravia residents live in an area which is relatively quiet and peaceful, the West End is within easy reach, as are the shopping attractions of Knightsbridge and the charms of three Royal Parks: Hyde Park, Green Park, and St James’s Park.
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