The top 10 most expensive streets in Britain are all in London, new data shows.
For buyers with the deepest pockets, properties in Knightsbridge – the road where One Hyde Park is located – are the most expensive, with an average price tag of £21,409,000.
Ilchester Place in London is the second most expensive street to buy a house, with prices around £19,387,000.
Grosvenor Square and Clarendon Road are the third and fourth most expensive streets in London to buy property, with houses typically costing £19,061,000 and £17,030,000 respectively, according to Lloyds.
Although still in the top 10, properties on The Little Boltons Street in Chelsea, at £13,696,000, cost £7 million less than those in the heart of Knightsbridge.
Amanda Bryden, head of mortgages at Lloyds, said: ‘London’s dominance in the list of most expensive streets underlines the city’s continued appeal and resulting competitiveness at the top of the property market.
‘But at £21.4 million to buy a house, even those with the deepest pockets might baulk at the price.’
Considering the top 10 most expensive streets in London, buyers need an average of £16.5 million to buy a home.
With an average national house price of around £356,925, the most expensive properties in the country are almost 60 times more expensive than a typical house.
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What are the most expensive streets near you?
Outside London, East Road in Weybridge is the most expensive street to buy a house on. The average house on this street in Surrey costs just over £8 million.
Towards the east of England, the most expensive street is Park Avenue North, Harpenden (£3,587,000), followed by Newlands Avenue in Radlett (£3,415,000). Last year’s top spot, Woodlands Road in Cambridge (£3,294,000), came third this year, according to Lloyds.
Croft Road in Nottingham is once again the most expensive street in the East Midlands, with properties costing around £1,620,000.
Warren Lane in Leicester retained its regional ranking in second place, with houses costing around £1,563,000.
In the East Midlands, Golf Lane in Northampton again came in third place, with buyers on the street putting down around £1,512,000 for a house.
Solihull has some of the most expensive houses in the West Midlands, with Bakers Lane and Rising Lane topping the list.
In the northwest of England, the two most expensive streets were in Altrincham. On Barrow Lane, house prices average £2,914,000, while on Broadway they are £2,905,000.
The top three most expensive streets in the North West were completed by Fletsand Road in Wimslow, where average property prices are £2,659,000.
In the South West of England, Brudenell Avenue in Poole, with average property prices of approximately £3,062,000.
Charlton Park Gate in Cheltenham came in second for the area, with houses still costing a hefty £2,829,000.
Bury Road in Poole is the third most expensive street in South West England, with properties typically costing £2,547,000.
In the North East of England, Ramside Park in Durham is the most expensive street, with houses costing around £1,538,000.
At £1,440,000, Runnymede Road in Newcastle upon Tyne is the second most expensive street in the North East.
Westfield Drive in Newcastle upon Tyne came third in the region, with properties costing around £1,340,000.
Across Yorkshire and The Humber, Manor House Lane in Leeds was once again the most expensive street, with properties costing around £2,135,000.
As for Scotland, Queens Crescent in Auchterarder is Scotland’s most expensive postcode, with properties generally costing almost £3 million.
Wales has some of the “lowest and most expensive properties”, Lloyds said.
Average properties on Benar Headland in Pwllheli typically cost £1,345,000, making it the most expensive street in Wales. In Cardiff, Llandennis Avenue has the most expensive property price tag, at £1,135,000.
Ms Bryden from Lloyds said: ‘The cost of securing a prestigious address varies from country to country. For example, if you live on the most expensive street in Wales you will have to pay around £1.3 million, although that is still a significant amount.’
Toby Leek, president of NAEA Propertymark, said: ‘Knightsbridge demonstrates the enduring appeal of prime real estate in London, especially in areas known for their exclusivity and proximity to world-class amenities.
‘The report also illustrates the major regional differences. While a house on East Road in Weybridge, the most expensive street outside London, costs on average just over £8 million, the most expensive properties in Wales are considerably lower, averaging around £1.3 million.
‘Such figures highlight the varied dynamics of the UK property market, where location and prestige dramatically influence valuations.’
He added: ‘This report is a fascinating snapshot of where Britain’s wealthiest are choosing to invest in property. As we approach 2025, these trends will likely continue to shape discussions around housing policy and urban development.”