Streets of Belgravia and Knightsbridge are the most expensive in England and Wales Located in one of London's most prestigious areas in the heart of Belgravia between Hyde Park Corner and Belgrave Square, Grosvenor Crescent is the most expensive residential street in England and Wales, according to latest research from Lloyds Bank. To acquire a typical Grade II listed house on Grosvenor Crescent will cost an average of 16,918,000 1. Five of the ten most expensive streets are in the prime residential areas of Belgravia and Knightsbridge in the City of Westminster. They include Eaton Square with an average property value of 15,520,000 and Chester Square ( 8,282,000) both are in Belgravia; Trevor Street ( 10,150,000) and Montpelier Street ( 8,483,000) in the Knightsbridge area. The remaining four streets are in the Royal Borough of Chelsea; they include Cadogan Square ( 8,592,000), Elgin Crescent ( 7,683,000), Egerton Crescent (the most expensive street for the past two years, 7,100,000) and Hillsleigh Road ( 7,091,000). Outside central London the capital's most desirable addresses are Cambridge Gate in Camden which has an average property value of 6,670,000, Coombe Park in Kingston upon Thames ( 3,515,000) and Lichfield Road in Richmond upon Thames ( 2,863,000). (See Table 1) Andy Hulme, Mortgages Director at Lloyds Bank, comments: "London dominates the list of the most expensive residential addresses in England and Wales. As an international city, London has always attracted overseas buyers and in recent years the capital has been a magnet for ultra high net worth individuals. This has led to soaring demand for homes in the prime residential areas of central London and as a result values have grown significantly. For the first time since this survey began, there are three streets with an average property price of over 10 million. "The Royal Borough of Chelsea has always pulled in wealthy buyers, but this survey shows that properties in Belgravia and around Knightsbridge are now the ones commanding the highest prices." Most sought-after addresses in southern England. Away from the capital, the most expensive street is Spicers Field ( 3,734,000) followed by Leys Road ( 3,609,000) - both in Oxshott - Virginia Avenue in Virginia Water ( 3,320,000) and Icklingham Road in Cobham ( 3,264,000). A place near the sea has obvious attractions for many wealthy buyers and several exclusive addresses are dotted along the south coast. These streets include Sandbanks Road on Poole harbour ( 2,493,000), Western Avenue also in Poole ( 2,450,000) and Restrongeut Point in Truro ( 2,097,000).
Premium streets in the north The only address outside southern England in the top 50 most expensive streets is Park Lane in Altrincham with an average property price of 2,494,000. Park Lane is followed by South Road ( 2,025,000) also in Altrincham. Other exclusive addresses include Withinlee Road in Macclesfield ( 1,960,000), The Ridgway in Leicester ( 1,783,000), Tiddington Road in Stratford upon Avon ( 1,313,000), Runnymede Road in Newcastle ( 1,154,000) and Rutland Drive in Harrogate ( 1,152,000). REGIONAL KEY FINDINGS North East Seven of the ten most expensive streets in the North East are in Newcastle, mostly in areas such as Gosforth and Ponteland. Runneymede Road is the most expensive with an average price of 1,154,000, followed by Graham Park Road ( 1,091,000), Elmfield Road ( 1,056,000) and Ash Meadows in Washington ( 852,000). North West Outside southern England the most expensive street is Park Lane in Altrincham with an average property price of 2,494,000. Park Lane is followed by South Road ( 2,025,000), also in Altrincham. Other exclusive addresses include Withinlee Road ( 1,960,000) and Castle Hill ( 1,856,000) - both in Prestbury - Leycester Road in Knutsford ( 1,760,000) and Thorsway in West Kirby in the Wirrel ( 1,351,000). Yorkshire and the Humber Eight of the ten most expensive streets in Yorkshire and the Humber are located in the area that makes up the "Golden Triangle" between Harrogate, Wetherby and north Leeds. The region's most expensive street is Rutland Drive in the spa town of Harrogate ( 1,152,000). Other exclusive addresses include Park Edge ( 1,078,000) and Queens Parade ( 923,000) in Harrogate; College Farm Lane ( 1,012,00) and The Ridge ( 978,000) - both in Wetherby; Hall Drive ( 938,000), Bracken Park ( 932,000) and Wigton Lane ( 864,000) all in north Leeds. The streets outside the Golden Triangle are Curly Lane ( 1,012,000) and Moor Lane ( 910,000) - both in Ilkley. West Midlands The most expensive streets in the West Midlands are Tiddington Road in Stratford upon Avon ( 1,313,000), Rosemary Hill in Sutton Coldfield ( 1,268,000), Westfield Road in Edgbaston in Birmingham ( 1,179,000), Vicarage Hill in Solihull ( 1,175,000), Church Street ( 1,154,000) in Broadway and Kington Lane in Claverdon in Warwick ( 1,140,000). East Midlands The most expensive street in this region is The Ridgeway in Leicester with an average price of 1,783,000. Other expensive streets in the East Midlands include Lyndon Road in Rutland ( 1,146,000), Croft Road ( 1,143,000) and Valley Road ( 861,000) - both are south of the
River Trent in Nottingham; followed by Golf Lane in Northampton ( 854,000) and Blidworth Waye in Pepplewick in Nottingham ( 852,000). East Anglia Nine of the 10 most expensive streets in East Anglia are in Cambridge. Most of these streets are close to the main University area in the CB2 and CB3 postal districts. The most expensive streets are Newton Road with an average house price of 1,803,000, Barrow Road ( 1,645,000), Woodlands Road ( 1,614,000) and Millington Road ( 1,585,000). South East The 10 most expensive streets in the South East are in Surrey. The most expensive street is Spicers Field ( 3,734,000) followed by Leys Road ( 3,609,000) - both in Oxshott. Other expensive streets in the region include Virginia Avenue in Virginia Water ( 3,320,000) - and Icklingham Road ( 3,264,000) and Eaton Park ( 3,131,000) - both in Cobham - and Moles Hill in Oxshott ( 3,075,000). South West In the South West most of the exclusive addresses are along the south coast with five of the ten most expensive streets in Poole in Dorset. These include Sandbanks Road with an average property price of 2,493,000, Western Avenue ( 2,450,000), Brudenell Avenue ( 2,004,000), Haig Avenue ( 1,923,000) and Banks Road ( 1,597,000). The region's other top addresses include Restronguet Point in Truro ( 2,097,000), Mudeford in Christchurch ( 1,569,000), South Town in Dartmouth ( 1,549,000) and Upper Castle Road in St. Mawes ( 1,543,000). Wales The most expensive streets in Wales are mostly in Cardiff; they include Rudry Road ( 858,000), Llandennis Avenue ( 849,000), Hollybush Road ( 739,000), Lisvane Road ( 718,000) and Druidstone Road ( 679,000). Other streets from outside the capital are Gannock Park West in Conway ( 711,000), Bridge Road in Cowbridge ( 680,000) and Victoria Road in Penarth ( 664,000). Table 1: 50 Most Expensive Streets in England and Wales 2014 Street Name Area Region Postcode Average House Price - 2009/2014* Grosvenor Crescent Westminster Greater London SW1X 16,918,000 Eaton Square Westminster Greater London SW1W 15,520,000 Trevor Square Westminster Greater London SW7 10,150,000 Cadogan Square Chelsea Greater London SW1X 8,592,000 Montpelier Street Westminster Greater London SW7 8,483,000 Chester Square Westminster Greater London SW1W 8,282,000 Argyll Road Greater London W8 8,000,000
Elgin Crescent Egerton Crescent Hillsleigh Road Manresa Road Chelsea Chelsea Greater London W11 7,683,000 Chelsea Greater London SW3 7,100,000 Chelsea Greater London W8 7,091,000 Chelsea Greater London SW3 6,908,000 Cambridge Gate Camden Greater London NW1 6,670,000 Harley Gardens Chelsea Greater London SW10 6,610,000 Clarendon Road Chelsea Greater London W11 6,585,000 Montpelier Walk Westminster Greater London SW7 6,295,000 Kensington Gate Chelsea Greater London W8 6,040,000 Chester Street Westminster Greater London SW1X 6,006,000 Montrose Place Westminster Greater London SW1X 5,939,000 Rutland Court Westminster Greater London SW7 5,918,000 Spicers Field Leatherhead South East KT22 3,734,000 Leys Road Leatherhead South East KT22 3,609,000 Kingston Upon Coombe Park Thames Greater London KT2 3,515,000 Virginia Avenue Virginia Water South East GU25 3,320,000 Icklingham Road Cobham South East KT11 3,264,000 Eaton Park Cobham South East KT11 3,131,000 Moles Hill Leatherhead South East KT22 3,075,000 Broadwater Close Walton-On-Thames South East KT12 3,029,000 Harebell Hill Cobham South East KT11 3,017,000 Abbots Drive Virginia Water South East GU25 2,997,000 The Ridge Epsom South East KT18 2,940,000 Lichfield Road Richmond Greater London TW9 2,863,000 Blackhills Esher South East KT10 2,856,000 Linton Road Oxford South East OX2 2,852,000 Loom Lane Radlett South East WD7 2,847,000 Coombe Hill Road Kingston Upon Thames Greater London KT2 2,823,000 Broadwater Road North Walton-On-Thames South East KT12 2,795,000 The Ridgeway Radlett South East WD7 2,756,000 Silverdale Avenue Walton-On-Thames South East KT12 2,725,000 Nuns Walk Virginia Water South East GU25 2,716,000 Meadway Esher South East KT10 2,667,000 Chargate Close Walton-On-Thames South East KT12 2,666,000 Martineau Drive Twickenham Greater London TW1 2,631,000 Fishery Road Maidenhead South East SL6 2,622,000 Denbigh Gardens Richmond Greater London TW10 2,613,000
West Strand Chichester South East PO20 2,600,000 Heathfield Avenue Ascot South East SL5 2,584,000 Fireball Hill Ascot South East SL5 2,573,000 Park Lane Altrincham North West WA15 2,494,000 Sandbanks Road Poole South West BH14 2,493,000 Fishers Wood Ascot South East SL5 2,472,000 Source: Land Registry and Royal Mail. *For period January 2009 and October 2014 Editors' Notes 1 All prices are based on transactions between January 2009 and October 2014 recorded on the Land Registry database for transactions in England and Wales. The data in this report are compiled from over 1.78 million UK post codes supplied by the Royal Mail in conjunction with the Land Registry database of housing transactions and prices. House prices shown in the tables are arithmetic average prices of house transactions between January 2009 and October 2014. The transactions data is sourced from the Land Registry, and individual post codes (and not street name, as there can be several occurrences with same name) from the Royal Mail. Only post codes/streets where there have been at least seven transactions over the period are included. "This report is prepared from information that we believe is collated with care, however, it is only intended to highlight issues and it is not intended to be comprehensive. We reserve the right to vary our methodology and to edit or discontinue/withdraw this, or any other report. Any use of this report for an individual's own or third party commercial purposes is done entirely at the risk of the person making such use and solely the responsibility of the person or persons making such reliance. " Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO. Viewers of this Information are granted permission to access this Crown copyright material and to download it onto electronic, magnetic, optical or similar storage media provided that such activities are for private research, study or in-house use only. Any other use of the material requires the formal written permission of Land Registry which can be requested from us, and is subject to an additional licence and associated charge For further information, please contact: Chris Tuttlebee 0207 356 1343 / 07850 723184 christopher.tuttlebee@lloydsbanking.com Siobhan McCluskey 020 7661 4669 / 07795 611 179 Siobhan.McCluskey@lloydsbanking.com