It comes as no surprise to Londoners that the country's most expensive street is in the capital.
New data has revealed that Victoria Road in Kensington , London, is the most expensive street in the UK, with the average property there costing more than £8 million.
Tucked behind the Royal Albert Hall, the picturesque street boasts beautiful properties on a tree-lined street topped the charts produced by Llloyds Bank.
Kensington and Chelsea , attracting many overseas buyers for its community feel within London, is home to 12 of the 20 most expensive streets in the country.
These include Egerton Crescent, with an average price of £7.5 million, Manresa Road, where homes cost £7.3 million, and De Vere Gardens, where buyers can expect to pay £6.6 million.
Earlier this week, a report from the Mortgage Advice Bureau revealed that average deposits for London properties has reached £179,248.
Brian Murphy, head of lending at Mortgage Advice Bureau, told getwestlondon : “George Osborne’s Autumn Statement hammered home the government’s support for homeownership, with several policies aiming to improve both the supply and affordability of homes."
The prices are based on transactions between January 2010 and October 2015 recorded on the Land Registry database.
Andrew Mason, Mortgages Director at Lloyds Bank, comments: “The largest concentration of England’s most expensive streets is in Kensington and Chelsea. This part of London has always had a glamorous reputation, attracting overseas buyers as well as those from the worlds of business and entertainment.
“The area clearly has its attractions with excellent schools, designer shops, close proximity to the capital’s business district and properties with the highest specifications.
“Other areas in the capital have similar qualities but property prices in Kensington and Chelsea tend to outperform the rest of London.”
But is it not just house prices which are going through the roof. We reported earlier this year that a parking space in South Kensington was on the market for £390,000.
Priciest streets in England and Wales
|Street name||Area||Average house price (£) 2010-2015|
|Victoria Road||Kensington and Chelsea||8,006,000|
|Egerton Crescent||Kensington and Chelsea||7,550,000|
|Manresa Road||Kensington and Chelsea||7,359,000|
|De Vere Gardens||Kensington and Chelsea||6,606,000|
|Drayton Gardens||Kensington and Chelsea||5,954,000|
|Chelsea Manor Street||Kensington and Chelsea||5,523,000|
|Pembridge Place||Kensington and Chelsea||5,491,000|
|Duchess Of Bedfords Walk||Kensington and Chelsea||5,356,000|
|Prince Consort Road||Westminster||5,281,000|
|St. James's Place||Westminster||5,280,000|
|West Heath Road||Barnet||5,199,000|
|Campden Hill Road||Kensington and Chelsea||5,171,000|
|Mallord Street||Kensington and Chelsea||4,878,000|
|Clabon Mews||Kensington and Chelsea||4,852,000|
|Markham Square||Kensington and Chelsea||4,733,000|