All posts filed under: BUSINESS

Eaton Square is UK’s Most Expensive Street with £17m Homes

  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 …

£8m Kensington Road Has Most Expensive Homes in UK

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 …


The £1bn Street Paved with Gold

Kensington Palace Gardens in west London is UK’s most expensive street where every property is worth an average £42.6m over 150 times the national average value according to a new report by Zoopla, the property website. The 29 mansions on the gated street —which boasts residents including steel magnate Lakshmi Mittal, Russian Oligarch and Britain’s richest man Len Blavatnik together with compatriot Chelsea Football Club owner Roman Abramovich — is worth a combined £1.24bn. The Boltons in SW10, where a nine-bedroom detached house sold for £51m in April, takes second place, with average property values standing at £30.3m. Grosvenor Crescent in the exclusive suburb of SW1 rounds out the top three, with an average property price of £22.8m. The top-performing postcode is Kensington’s W8, boasting average property prices of £2.77m. Neighbouring SW7 (Knightsbridge), the next most expensive area in the capital, has average values of £2.43m, while property values in third-placed SW3 (Chelsea) stand at £2.24m. Rich residents: Lakshmi and Usha Mittal; Dasha Zhukova and Roman Abramovich; Len Blavatnik and his wife have boosted the fortunes …

Weather - Summer Scenes - London

July Scorcher: Hottest Day in a Decade

The Met Office has declared 1 July as UK’s hottest July day in almost 10 years as the mercury reached 36.7C at Heathrow, a suburb of west London. It breaks the previous record of 36.5C set in Wisley Surrey on July 19, 2006. The mini heatwave had been predicted for the start of July but its intensity triggered a level 3 alert for those vulnerable to excessive heat. Temperatures nudged over 30 Celsius in many parts of west London and the rest of the southeast. Wimbledon had its hottest day ever and Kew Gardens recorded 35.7 C. Temperatures will however drop slightly tomorrow before warming up again on Friday. It’s the hottest July day on record with 36.7 °C recorded so far at Heathrow — Met Office (@metoffice) July 1, 2015   The Met Office attributed the unusual temperatures to tropical continental airmass across mainland Europe. Temperatures across Iberia and France have already reached the low 40 °C, with Paris expected to hit 40°C today. Read more: Long, Hot, Ramadan Chief Meteorologist, Steve Willington said: “Both Tuesday and Wednesday nights are expected to …

The Wall Street sign is seen in front of the New York Stock Exchange

Wall Street Flash Crash: Hounslow Man in Court over £27m Fraud

A man from the west London suburb of Hounslow has appeared at Westminster Magistrates’ Court over ‘flash crash’ stock exchange manipulation that wiped £500bn off American shares for a few minutes in May 2010. In US Department of Justice extradition papers seen by WLT, Navinder Singh Sarao, 37 is wanted to face charges of wire fraud, commodities fraud and market manipulation. Mr Sarao is alleged to have carried out the criminal enterprise described as high frequency trading from the Hounslow address where he lives with his parents trading as Nav Sarao Futures Limited. US regulatory authorities also allege Sarao made $40m (£27m) over five years. Mr Sarao has opposed his extradition and bail has been set at £5.05m bail with his parents required to deposit £50,000 with the court. He is to reappear in court in May. His passport and his parents’ passports have also been confiscated and he has to report to a local police station. He faces 380 years imprisonment if extradited and convicted of the charges.