Eaton Square, in the heart of London’s wealthy Belgravia district, has been crowned the most expensive street in England and Wales, with an average house price of £16,944,000, according to the latest research from Lloyds Bank.
One of three garden squares built by the Grosvenor family in the 19th century, Eaton Square includes a mix of grand houses and apartments behind Grade II listed white stucco facades overlooking 2.5 hectares of private garden squares, making it one of the most desirable addresses in the capital.
With upmarket and fashionable areas close by, including Knightsbridge, Sloane Street and Chelsea, Eaton Square has attracted many famous residents over the years, including former Prime Ministers Neville Chamberlain, Stanley Baldwin and Margaret Thatcher, and former James Bond stars Sean Connery and Roger Moore.
Such is the pull of Eaton Square that the average house price is over three times more than the costliest street in the South East; Camp End Road in Weybridge, which has an average price of £5,164,000.
Prime prices for prime locations
Central London boroughs dominate the list of the top 10 most expensive streets, with seven streets based in Westminster and Kensington having an average price of at least £10 million and three over £16 million.
Just a few streets away from Eaton Square, Grosvenor Crescent – which was the most expensive street in the 2014 survey – is the second most expensive street this year, with an average price of £16,918,000, followed by Ilchester Place in Notting Hill (£16,029,000). Other expensive locations in these two areas include Lansdowne Road (£12,830,000) where the Camerons decamped to after vacating Downing Street after the Brexit vote, Chester Square (£12,543,000), Lansdowne Crescent (£10,842,000) and Kensington Road (£10,185,000).
Other streets in the capital to make the top 20 are Coombe Park in Kingston Upon Thames (£4,398,000), The Green (£3,656,000) and Ham Common both in Richmond upon Thames (£3,606,000).
Andrew Mason, Mortgage Director at Lloyds Bank, said: “Eaton Square, and prime central locations such as Westminster, and Kensington and Chelsea, have established reputations as exclusive addresses. Not only do these streets possess a rich historical legacy, but properties located there are some of the most prestigious in the world and are close to superb local amenities in Knightsbridge, Sloane Street and Chelsea, as well as the capital’s business and entertainment districts.
“Away from London, our figures show that the most expensive streets tend to be tightly clustered within pockets in the same area. For example, the Edgbaston district in Birmingham, the Wilmslow and Altrincham areas in Cheshire, the so-called ’Golden Triangle’ in Yorkshire and the Humber and Sandbanks in Dorset on the south coast.”
Away from London, the most desirable addressees are in the Surrey towns of Weybridge and Leatherhead. Camp End Road in Weybridge is the most expensive street outside London, with an average price of £5,164,000. The other most expensive Weybridge addresses are Cavendish Road (£4,705,000), East Road (£4,521,000) and West Road (£4,373,000). Leatherhead has four streets in the top 20, including Queens Drive (4,410,000), Leys Road (£3,687,000), Spicers Field (£3,522,000) and Princes Drive (£3,505,000).
Panorama Road in the Sandbanks area of Poole (£4,618,000) and Crick Road in Central North Oxford (£4,049,000) complete the top 20.
A million pound street in every region
There is at least one million pound street in every region of England and Wales. Outside London and the South East the most expensive streets are in, or close to, Sandbanks in Poole. After Panorama Road, the most expensive street is Western Avenue in Sandbanks, with an average price of £2,340,000, followed by Sandbanks Road (£2,270,000) and Haig Avenue (£2,159,000). Storeys Way in Cambridge is the most expensive street in East Anglia (£1,914,000) followed by Millington Road (£1,787,000).
In northern England, Park Lane in Altrincham is the most expensive street with homes selling, on average, for £2,059,000 followed by Leycester Road in Knutsford (£1,786,000). In the North East the majority of the most expensive streets are located in Newcastle, with Runnymede Road (£1,103,000) and Elmfield Park (£1,081,000) leading the way.
In the West Midlands, Farquhar Road in Edgbaston (£1,434,000) and Ladywood Road in Sutton Coldfield (£1,302,000) are the two priciest addresses. In Wales, Llys Helyg Drive in Llandudno takes the top spot with an average price of £1,064,000 followed by St Annes Close in Swansea (£1,029,000). Ling Lane in Leeds has the most expensive homes in Yorkshire and the Humber (£1,319,000). Warren Hill in Newtown Linford in Leicester is the most expensive street in the East Midlands with an average price of £1,288,000.