A new Rich List of the most expensive streets has been revealed by Zoopla.
Kensington Palace Gardens in London holds the title as the priciest road in Britain for the 13th consecutive year, with an average property price of £29,898,000. It is well known for its embassies, diplomatic residences and billionaire residents, including Roman Abramovich, and counts Kensington Palace – and with it The Cambridges – amongst its neighbours.
In second place for the third consecutive year is Courtenay Avenue in Highgate, north London. Home to an average property value of £19,440,000, it is located on the edge of Hampstead Heath. Grosvenor Crescent, located in Belgravia, and just a short stroll from Buckingham Palace Gardens, ranks in third place with an average property price of £17,212,000.
Three new entrants in the list include The Boltons – a west London enclave – which comes in fifth place and has an average asking price of £14,223,000 and Frognal Way in north London, which ranks in seventh place, and has an average property value of £11,118,000. Carlyle Square in Chelsea is the final new addition to the list, with an average property price of £9,800,000.
Titlarks HIll in Ascot, Berkshire, has this year taken the crown of most expensive out-of-London location from Leatherhead in Surrey, with an average property value of £8,410,000, In second place is Montrose Gardens in Leatherhead which is located within the exclusive Crown Estate.
Five streets in the exclusive Surrey enclave of Virginia Water feature in the most expensive list outside of London, including Portnall Rise in third place with an average property value of £6,408,000.
Outside of the capital, Guildford in Surrey is the postal town with the most expensive streets (176) and is followed by Reading with 137 and Sevenoaks with 133.
A regional analysis of the data shows that of the 11,673 streets in the UK with an average property price of £1m and above. Of these streets, 4,544 are found in London and 4,336 are concentrated in the South East.
By contrast, only nine are found in Wales, 41 in the North East of England, and 55 in Yorkshire and The Humber.
Gráinne Gilmore, head of research at Zoopla comments: “This data illustrates how the type and size of properties coupled with some of the most desirable locations around the country create prime areas, resulting in some most valuable residential streets in the country.
“London comes top when it comes to the UK’s prime markets, but the wider commuter zone in the South East is also home to some of the highest-value addresses, reflecting the size and type of housing stock in these regions. “