Written on 14 December 2015 by Alistair Boscawen in Property News
Seven of the 10 most expensive streets in the UK to buy property in are in Kensington & Chelsea.
Data from the Land Registry reveals that Victoria Road in Kensington, where the average home costs £8,006,000, is the UK’s most expensive residential street.
Property in the tree-lined street, which is tucked behind the Royal Albert Hall and is home to the Vietnamese Embassy, costs an average of £8,006,000.
Just a short distance from Kensington Palace, Victoria Road is made up of 64 properties, some of which date back to the 1840s. A six-bedroom house there sold for £13m in July 2014, and a five-bedroom apartment is currently on the market for £7.95m.
The next most expensive street in the UK is Egerton Crescent in Kensington, where property costs an average of £7.5m, followed by Manresa Road, where homes cost £7.3m.
Other streets in Kensington & Chelsea to feature in the list of top 20 most expensive streets in the UK include De Vere Gardens, where buyers can expect to pay £6.6m for a home, Drayton Gardens (£5,954,000), Chelsea Manor Street (£5,523,000), Pembridge Place (£5,491,000), Duchess Of Bedford’s Walk (£5,356,000), Campden Hill Road (£5,171,000), Mallord Street (£4,878,000), Clabon Mews (£4,852,000) and Markham Square (£4,733,000).
Andrew Mason, mortgages director at Lloyds Bank – which used the data to reveal a full list of the 50 most expensive streets in England and Wales – comments: “The largest concentration of England’s most expensive streets is in Kensington and Chelsea.
“This part of London has always had a glamorous reputation, attracting overseas buyers as well as those from the worlds of business and entertainment.”
All the top 50 most expensive streets in England and Wales are located in southern England, with 28 in London and a further 19 in south-east England.
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