London’s Most Expensive Streets Revealed
New research into the UK’s most expensive streets has revealed that nine of them are in London – no surprise there – but where are they, and what do they look like?
Lead image: The Boltons, Kensington, is one of London’s most expensive streets
New research by MoneySupermarket has revealed the most exclusive streets to buy property, with 80% of London’s most expensive streets in Westminster and Kensington & Chelsea. The price comparison website has also created a new interactive tool that lets you take an armchair tour of the pricey addresses.
Nine of the most expensive streets in London (& the UK) are in Kensington & Chelsea, reaching nearly £40 million as an average property price on The Boltons. But the most expensive street in London is Grafton Street in Westminster, at a whopping £69,189,235 – that’s 30,788% more than the national median of £224,000.
The same research also revealed that the most expensive street outside of London is in Surrey, costing £7.5 million on average, and that you can now buy thousands of homes in Liverpool, where property averages just £15,000 on the cheapest street, for the same price as one flat in Westminster. Anyone else feel a sudden wave of Beatlemania coming on?
‘Getting on the property ladder is an aspiration for many, but can seem like a pipe dream when you factor in how much you need to do it,’ said Sally Francis-Miles, money spokesperson at MoneySuperMarket, ‘especially in the UK’s most expensive areas.
‘The property market has fluctuated in recent years, with escalating prices in some areas and decreases in others. Research also suggests that fewer people are taking out a mortgage, possibly driven by the potential impact of Brexit on prices.
‘However, whether you’re buying your first property or making an investment, the starting point is always reviewing all the potential costs, in addition to what you have saved, before looking at what you can afford to borrow. Then you can look at areas and types of property you can afford.
The most expensive streets in London and their average property values are:
Grafton Street, City Of Westminster: £69,189,235 The Boltons, Kensington And Chelsea: £37,720,000 Grosvenor Crescent, City Of Westminster: £28,896,664 Garden Road, City Of Westminster: £19,000,000 Cadogan Place, Kensington And Chelsea: £18,250,000
And the five cheapest streets?
Railway Approach, Harrow: £103,500 Abbey Close, Hayes: £103,954 Armada Way, Newham: £114,743 Aitken Close, Ruislip: £120,000 Arthur Street, Bexley: £125,775
To see all 20 of London’s most expensive and cheapest streets, click here
MoneySupermarket has also created a new interactive tool that lets you take a peek at the most expensive streets – and the cheapest – in London and the UK.