Leave a comment

Grosvenor Crescent is UK’s Most Expensive Street with £17m Average Homes

Famous residents: Former Prime Minister Margaret Thatcher sits at home in Eaton Square for a 70th birthday photograph amidst floral greetings. It is UK’s third most expensive address to buy a home with an average asking price of £13.5m

Grosvenor Crescent, located in the heart of Belgravia between Hyde Park Corner and Belgravia Square, is the most expensive residential street in England and Wales, according to the annual research from Lloyds Bank. A typical property on Grosvenor Crescent will cost an average of £16,918,000.

Embed from Getty Images

Belgravia has long attracted wealthy buyers and famous residents including former prime ministers Stanley Baldwin and Margaret Thatcher to the area due to its graceful white stucco residences, sweeping crescents, private garden squares and closeness to all the amenities of nearby Knightsbridge, Pimlico and Chelsea, to create the nation’s wealthiest district – three of the top five most expensive streets are in Belgravia.

Grosvenor Crescent seems to have weathered the storm buffeting property valuations at London’s top-end of the market after the vote to exit the European Union, with the typical price tags unchanged since last December. However same thing cannot be said for next-door neighbours Eaton Square – which topped the bank’s table a year ago – which has seen more than £3m wiped off the property values in 12 months, slashing the average price to just over £13.5m.

Mews living: The view along Holland Park Mews in Victorian London where coaches were being prepared. The stables and coach houses of terrace houses were situated in these mews located at the rear of the premises, and served by a separate road. Nearby Ilchester Place is the second most expensive street to buy a home in London

The second most expensive street is Ilchester Place neighbouring Holland Park, with an average house price of £16,700,000. Holland Park, in the royal borough of Kensington and Chelsea also has an affluent and fashionable reputation with many large period residencies that attract the rich and famous like the Beckhams and Robbie Williams.

Streets paved with gold

The top six most expensive streets are in the super-prime London neighbourhoods of Westminster and Kensington and Chelsea – all with an average price of over £10m and two over £16 million.

Beckingham Palace: The Beckhams are one of the recent arrivals in Holland Park famous for its large homes and park amenities

Eaton Square, last year’s most expensive street, was nudged into third place with an average price of £13,585,000 (down from £17m last year) followed by Chester Square (£12,534,000) – two of the three garden squares built by the Grosvenor family in Belgravia. Carlyle Square (£11,618,000) and Kensington Road (£10,185,000) make up the remaining £10 million-plus streets.

Share on FacebookEmail this to someoneTweet about this on Twitter

Be the first to comment