The most expensive street in the country has been revealed as Eaton Square in London, where the average house price is an eye-watering £16million.
The square is full of beautiful houses and apartments with white stucco facades that have been home to many famous residents over the years, including prime ministers Margaret Thatcher and Neville Chamberlain, as well as James Bond actors Sean Connery and Roger Moore.
It overlooks 2.5 hectares of private garden square – with many properties selling for far more than the £16,944,000 average. A seven-bedroom terrace house in the exclusive location is currently on the market for sale for £55million.
The most expensive street in the country is London’s Eaton Square, where the average house prices is £16million
The most expensive streets to live in regions throughout the country have also been revealed
London’s Eaton Square is full of beautiful houses and apartments with white stucco facades
All of the top 10 most expensive places to live – with the exception of Poole, in Dorset, ranked in tenth place – are in London’s boroughs of Kensington or Westminster, or in the affluent area of Weybridge, in Surrey.
These include Grosvenor Crescent, in Westminster, with an average price of £16,918,000. The street was named the most expensive place to live two years ago in the annual survey by Lloyds Bank.
The top 10 also includes Lansdowne Crescent, in Kensington, where homes cost £10,842,000 and Camp End Road, in Weybridge, where buyers can expect to pay £5,164,000.
THE COST OF STAMP DUTY ALONE IN LONDON IS MORE THAN THE PRICE OF A HOME IN WALES
The cost of stamp duty on a typical £16million house in England’s most expensive street is more than the actual price of a property in the most expensive street in Wales.
The stamp duty paid to buy an average £16,944,000 property in London’s Eaton Square would be £1,947,030.
It is an effective tax rate of 11.49% due to the overhaul of stamp duty two years ago, which hit more expensive homes the hardest.
The total stamp duty charge is more than the £1,064,000 paid on average for a property on the most expensive Welsh street, which is Llys Helyg Drive in Llandudno.
The average £16million price of a house in England’s most expensive street is in sharp contrast to the typical price paid by those buying in the most expensive street in Wales.
The most expensive Welsh street is Llys Helyg Drive in Llandudno, where buyers pay £1,064,000.
That is £15,880,000 less than in London’s Eaton Square.
It means someone could buy around 15 houses in Llys Helyg Drive, Wales, for the price of one in London’s Eaton Square.
And this compares to an average national price of £216,674, according to statistics from the Land Registry.
Other streets in the capital to make the top 20 are Coombe Park, in Kingston Upon Thames, The Green, and Ham Common – which are both in Richmond Upon Thames.
Outside of London, the most expensive streets include Panorama Road, in the Sandbanks area of Poole, with an average price of £4,618,000 and Crick Road, in Central North Oxford, at £4,049,000.
The study, based on Land Registry figures for house sales between January 2011 and October 2016, found that there is at least one million-pound street in every region of England and Wales.
In the north of England, Park Lane, in Altrincham, Greater Manchester, is the most expensive street with homes selling on average for £2,059,000, followed by Leycester Road, in Knutsford, Cheshire, at £1,786,000.
The top seven most expensive places to live in Britain are in London’s Westminster or Kensington, with Eaton Square (pictured) taking the top slot
The second most expensive street is Grosvenor Crescent, in Westminster, with an average price of £16,918,000
In third place is Ilchester Place, in Kensington, where the average home costs £16,029,000
Lansdowne Road, in Kensington is ranked fourth, with an average home costing £12,830,000
Chester Square, in Westminste,r takes the fifth slot, with properties costing £12.534,000
In the North East the majority of the most expensive streets are located in Newcastle, with Runnymede Road ,at £1,103,000 and Elmfield Park, at £1,081,000, leading the way.
In the West Midlands, Farquhar Road, in Edgbaston, at £1,434,000 and Ladywood Road, in Sutton Coldfield, at £1,302,000 are the two priciest addresses.
Ling Lane in Leeds has the most expensive homes in Yorkshire and the Humber at £1,319,000, while Warren Hill, in Newtown Linford, in Leicester, is the most expensive street in the East Midlands with an average price of £1,288,000.
Lansdowne Crescent, in Kensington, London, where the average house price is £10,842,000
In seventh place is London’s Kensington Road, with a typical property value of £10,185,000
The average price of a property in the exclusive area of Camp End Road, in Weybridge, is £5,164,000
Andrew Mason, mortgage director at Lloyds Bank, said: ‘Eaton Square, and prime central locations such as Westminster, and Kensington and Chelsea, have established reputations as exclusive addresses. Not only do these streets possess a rich historical legacy, but properties located there are some of the most prestigious in the world and are close to superb local amenities in Knightsbridge, Sloane Street and Chelsea, as well as the capital’s business and entertainment districts.
‘Away from London, our figures show that the most expensive streets tend to be tightly clustered within pockets in the same area.
‘For example, the Edgbaston district in Birmingham, the Wilmslow and Altrincham areas in Cheshire, the so-called ‘Golden Triangle’ in Yorkshire and the Humber and Sandbanks in Dorset on the south coast.’
Cavendish Road, in Weybridge, fills ninth place, with average properties on the street costing £4,705,000
The typical value of a home in Panorama Road – which is in tenth place – is £4,618,000
|Region||Street Name||Posttown||Postcode||Average House Price £ – 2011-2016*|
|South East||Camp End Road||Weybridge||KT13||5,164,000|
|South West||Panorama Road||Poole||BH13||4,618,000|
|North West||Park Lane||Altrincham||WA15||2,059,000|
|East Anglia||Storeys Way||Cambridge||CB3||1,914,000|
|West Midlands||Farquhar Road||Birmingham||B15||1,434,000|
|Yorkshire and The Humber||Ling Lane||Leeds||LS14||1,319,000|
|East Midlands||Warren Hill||Leicester||LE60||1,288,000|
|North East||Runnymede Road||Newcastle Upon Tyne||NE20||1,103,000|
|Wales||Llys Helyg Drive||Llandudno||LL30||1,064,000|
|Source: Lloyds Bank|
|Street Name||Posttown||Region||Postcode||Average House Price £ – 2011-2016*|
|Eaton Square||Westminster||Greater London||SW1W||16,944,000|
|Grosvenor Crescent||Westminster||Greater London||SW1X||16,918,000|
|Ilchester Place||Kensington||Greater London||W148||16,029,000|
|Lansdowne Road||Kensington||Greater London||W112||12,830,000|
|Chester Square||Westminster||Greater London||SW1W||12,534,000|
|Lansdowne Crescent||Kensington||Greater London||W112||10,842,000|
|Kensington Road||Kensington||Greater London||W85N||10,185,000|
|Camp End Road||Weybridge||South East||KT13||5,164,000|
|Cavendish Road||Weybridge||South East||KT13||4,705,000|
|Panorama Road||Poole||South West||BH13||4,618,000|
|East Road||Weybridge||South East||KT13||4,521,000|
|Queens Drive||Leatherhead||South East||KT22||4,410,000|
|Coombe Park||Kingston Upon Thames||Greater London||KT27||4,398,000|
|West Road||Weybridge||South East||KT13||4,373,000|
|Crick Road||Oxford||South East||OX26||4,049,000|
|Leys Road||Leatherhead||South East||KT22||3,687,000|
|The Green||Richmond upon Thames||Greater London||TW91||3,656,000|
|Ham Common||Richmond upon Thames||Greater London||TW10||3,606,000|
|Spicers Field||Leatherhead||South East||KT22||3,522,000|
|Princes Drive||Leatherhead||South East||KT22||3,505,000|
|Source: Lloyds Bank|