For the second time in as many years Victoria Road in the heart of Kensington is England’s most expensive residential street. Filled with beautiful period properties, it has an average house price of £8,006,000 according to latest research from Lloyds Bank. Just a short stroll from Kensington Palace it is right bang in the area speculators and estate agents like to describe as ‘super-prime’ central London. it is £7.2m dearer than the average price of a house in Cardiff on sale for £793,000.
Kensington and Chelsea dominate
You will have to have very deep pockets to afford a property here as the pull of living in Kensington and Chelsea ensures 12 streets in the Royal Borough are in the list of the 20 most expensive in the country. These include Egerton Crescent with an average price of £7,550,000, followed by Manresa Road (£7,359,000), De Vere Gardens (£6,606,000), Drayton Gardens (£5,954,000) and Chelsea Manor Road (£5,523,000).
Other Central London locations featuring prominently in the list of most expensive streets are in Westminster, including Eaton Square (£6,727,000), Chester Street (£5,533,000) and Prince Consort Road (£5,281,000).
Away from these two prime central locations, Parkside in Merton in south west London is amongst the 20 priciest streets with an average price of £6,355,000. Parkside is followed by West Heath Road in Barnet, north London (£5,199,000), and Anhalt Road in Wandsworth (£4,686,000).
Andrew Mason, Mortgages Director at Lloyds Bank said: “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. The area clearly has its attractions with excellent schools, designer shops, close proximity to the capital’s business district and properties with the highest specifications. Other areas in the capital have similar qualities but property prices in Kensington and Chelsea tend to outperform the rest of London.
“Outside London, the areas with the most expensive streets are generally located away from central areas, where buyers are typically attracted by larger properties and more green space. These areas can be as diverse as Surrey, Cheshire, the ’Golden Triangle’ in Yorkshire and Poole on the south coast.”