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£24 million to live on UK’s most expensive street

by | Dec 21, 2022

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  • Phillimore Gardens in London Borough of Kensington now Britain’s most expensive street
  • Halifax’s annual review finds UK’s top 10 priciest locales all in London

Halifax has revealed the UK’s most expensive streets, with Phillimore Gardens in the London borough of Kensington topping the list. Average house prices on the street will now set buyers back an eye-watering £23.8 million. The street was built on the Phillimore Estate, on land acquired by the Phillimore family in the early eighteenth century. Phillimore Gardens runs roughly north to south from Duchess of Bedford’s Walk to Kensington High Street and is close to Holland Park.

Less than three miles away, Grosvenor Square in affluent Mayfair, takes second spot with an average price tag of £23.5 million. Making up the top three is London’s picturesque Illchester Place, where properties now cost an average £17.7 million.

London dominates the priciest streets list, with just one road outside of the capital making it into the top 20, Titlarks Hill in Ascot. The street, which is in 12th place, offers properties at an average of £12.3 million.

 
 

Table 1: 10 most expensive streets in England and Wales 2022

Street NameLocationPostcodeAverage House Price £: 2017-2022
Phillimore GardensLondonW8£23,802,000
Grosvenor SquareLondonW1K£23,549,000
Ilchester PlaceLondonW14£17,678,000
Grosvenor CrescentLondonSW1X£15,440,000
Clarendon RoadLondonW11£14,950,000
Ashburton PlaceLondonW1J£14,732,000
Lansdowne RoadLondonW11£14,621,000
The ValeLondonSW3£14,020,000
KnightsbridgeLondonSW1X£14,009,000
Chelsea SquareLondonSW3£13,231,000
Source: Land Registry and Royal Mail. *For period between January 2017 and September 2022

Outside the capital, wealthier buyers looking for an exclusive postcode in the North East or the East Midlands would need around £1.5 million – the lowest ‘most expensive’ regions in the country.

Kim Kinnaird, Mortgages Director, Halifax said: “For almost all of us, these homes and their eye-watering price tags are the stuff fantasy house hunts are made of.

 

“Unsurprisingly, London roads occupy the top 10 streets in the UK, and buying a home on London’s Phillimore Gardens could set you back a staggering £24 million on average. That said, the price of a prestigious address can differ hugely across the UK. Living on the most expensive street in the North East or East Midlands will cost something closer to £1.5 million.”

Regional Key Findings:

North East
Six of the North East’s most expensive streets are now in Newcastle Upon Tyne, but it was Ramside Park in Durham (£1,553,000) that took the top spot in the region. Gubeon Wood, Morpeth (£1,491,000) was in second place, followed by Graham Park Road, Newcastle Upon Tyne (£1,339.000) in third. The remaining streets within the top 10 are in Newcastle Upon Tyne; Runnymede Road (£1,245,000), South Drive (£1,201,000), North Avenue (£1,168,000), Westfield Drive (£1,147,000) and Mitchell Avenue (£1,074,000)

 
 

North West
Broadway in Altrincham (£3,184,000) is now the most expensive street in the North West with four other streets in Altrincham also in the top 10; Barrow Lane (£2,998,000), Theobald Road (£2,378,000), Hill Top (£2,309,000) and Stanhope Road (£2,215,000).

Yorkshire and the Humber

The most expensive street in the region is Manor House Lane, Leeds (£2,367,000), followed by Fulwith Mill Lane, Harrogate (£1,770,000) and then The Purey Cust, York (£1,754,000).

 
 

West Midlands
In the West Midlands, Bakers Lane in Solihull is priciest, with houses costing an average £2,341,000. Ladywood Road (£2,029,000) and Kenilworth Close (£1,902,000) both in Sutton Coldfield are in second and third place in the region.

East Midlands

Warren Hill in Leicester (£1,615,000) is the most expensive street, followed by Melton Road, Nottingham (£1,600,000) and Park Lane in Towcester (£1,348,000).

 

East of England

In the East, the top six most expensive streets are all over £3 million. Chaucer Road in Cambridge (£4,240,000) is top, followed by Coopersale Street in Epping (£3,567,000), then Newlands Avenue in Radlett (£3,432,000).

South East

 
 

The only street outside London to make the top 20 most expensive streets in the UK is Titlarks Hill in Ascot (£12,318,000), followed in the region by Westbrook Hill in Godalming (£8,960,000) and East Road in Weybridge (£8,364,000)

South West

Five of the top 10 most expensive streets in the South West are in Poole, Dorset with Lawrence Drive (£4,085,000) in first place, with properties costing an average of over £4 million. Weston Park in the historic City of Bath (£3,328,000) is second and Mornish Road, Poole (£2,850,000) third.

 
 

Wales

Benar Headland in Pwllheli is the most expensive street in Wales with an average price of £1,730,000, followed by Llys Helyg Drive in Llandudno (£1,219,000) and Hanley Cwrt in Usk (£1,152,000). In the Welsh capital of Cardiff, the most expensive street is Westbourne Crescent (£1,003,000).

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