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Most expensive streets in Britain named
A new study has revealed the country's priciest roads were found to be in the west London borough of Kensington and Chelsea.
The royal borough was found to have more than half of the most expensive streets in the UK in the report by Halifax.
Getting a mortgage for properties like these could be tricky, with the top spot taken by Kensington's Wycombe Square, which boasts an average price of £5.4 million.
The title of second priciest road in the country was given to Ingram Avenue, which is in north London's Hampstead Garden Suburb, where the average property costs £4.87 million.
London contained all of the country's top ten most expensive streets.
Nitesh Patel, a housing economist at Halifax, said: "Across most regions, the survey shows that the most expensive streets are tightly clustered within the same area."
He added: "Unsurprisingly, many of the most expensive residential streets in England and Wales are in the Royal Borough of Kensington and Chelsea with more than half of the 30 most expensive London streets in the borough.
"Kensington and Chelsea has long had a global appeal, but the fall in the value of Sterling has helped to attract foreign buyers over the past year despite the worldwide economic recession."
Leatherhead in Surrey was found to contain the most expensive roads outside of the capital, with Moles Hill and Leys Road both boasting average property prices of more than £2.5 million.
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The royal borough was found to have more than half of the most expensive streets in the UK in the report by Halifax.
Getting a mortgage for properties like these could be tricky, with the top spot taken by Kensington's Wycombe Square, which boasts an average price of £5.4 million.
The title of second priciest road in the country was given to Ingram Avenue, which is in north London's Hampstead Garden Suburb, where the average property costs £4.87 million.
London contained all of the country's top ten most expensive streets.
Nitesh Patel, a housing economist at Halifax, said: "Across most regions, the survey shows that the most expensive streets are tightly clustered within the same area."
He added: "Unsurprisingly, many of the most expensive residential streets in England and Wales are in the Royal Borough of Kensington and Chelsea with more than half of the 30 most expensive London streets in the borough.
"Kensington and Chelsea has long had a global appeal, but the fall in the value of Sterling has helped to attract foreign buyers over the past year despite the worldwide economic recession."
Leatherhead in Surrey was found to contain the most expensive roads outside of the capital, with Moles Hill and Leys Road both boasting average property prices of more than £2.5 million.
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Published: 29/12/2009
The information in this article was correct at the time of publication and contains time sensitive data and links, it may not be accurate at the time of reading.