Located in South Kensington, surrounded by fashionable boutiques and with the Victoria and Albert Museum just across the road, Egerton Crescent is the nation's dearest address for the second year running with an average property price of £7,369,000. Many of these properties are large grade II listed Georgian homes with four to five bedrooms.
Six of the 10 most expensive streets are in the Royal Borough such as Cadogan Square with an average property value of £5,746,000, Prince Consort Road at £5,499,000, Drayton Gardens at £5,234,000 and Eaton Square at £5,042,000.
Outside central London, the capital's costliest addresses are The Bishops Avenue in Hampstead which has an average property value of £6,203,000 and also the second most expensive in this survey, and Parkside in Merton at £5,212,000 the sixth priciest street.
The most expensive streets away from the London are mainly in the Home Counties and generally in Surrey. Properties on Spicers Field in Oxshott in Surrey have an average price of £3,500,000, the highest outside London. Others include Leys Road also in Oxshott at £3,436,000), and then Icklingham Road at £3,264,000 and Harebell Hill at £3,080,000) both of which are streets in the Surrey village of Cobham.
The nation's top 50 most expensive addresses are all in southern England. Apart from those in Surrey, others include Loom Lane in the Hertfordshire village of Radlett at £2,586,000, Philippines Shaw in Sevenoaks at £2,499,000, Western Avenue in Poole at £2,427,000) and Nuns Walk in Virginia Waters at £2,345,000.
Outside southern England the most expensive street is Withinlee Road in Macclesfield with an average property price of £1,871,000 and the 48th most expensive in this survey. Withinlee Road is followed by Ridgeway in Charnwood in Leicestershire where the average house price stands at £1,671,000.
Other exclusive addresses include The Thorsway in the Wirral with an average property value of £1,584,000, East Downs Road in Altrincham at £1,361,000, Rutland Drive in Harrogate at £1,152,000, Torkington Road in Wilmslow at £1,143,000 and Graham Park Road in Newcastle at £1,126,000.
‘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 20 most expensive London streets in the borough,’ said Nitesh Patel, economist at Lloyds Bank.
‘Kensington and Chelsea has long had a global appeal and in more recent years the area has attracted many ultra wealthy foreign buyers. Low housing supply also helps support high property values in this area. Across most regions, the most expensive streets are tightly clustered within the same area,’ added Patel.
Eight of the 10 most expensive streets in East Anglia are in Cambridge. Most of these streets are close to the main University area, particularly around the Botanic Gardens, in the CB2 postal district. The most expensive streets are Barrow Road with an average house price of £1,487,000, Mingle Lane at £1,294,000 and Hills Road at £1,019,000.
In the East Midlands the most expensive street is The Ridgeway in Leicester with an average price of £1,671,000. Other expensive streets in the region include Croft Road at £1,001,000 and Valley Road at £815,000, both south of the River Trent in Nottingham, followed by Weston Road in Oakham at £813,000, First Drift in Stamford at £751,000, Belfry Lane in Northampton at £732,000 and Main Street in Loughborough at £724,000.
Six of the 10 most expensive streets in the North East are in Newcastle, particularly in the areas of Gosforth and Ponteland. Graham Park Road is the most expensive with an average price of £1,126,000, followed by Oakfield Road at £781,000 and Edge Hill at £701,000. Other streets include The Square in Sunderland at £652,000 and Leven Bank in Yarm at £631,000.
In the South West most of the dearest addresses are along the south coast with five of the 10 most expensive streets in Poole in Dorset. These include Western Avenue with an average property price of £2,427,000, Brudenell Avenue at £1,844,000 and Chaddesley Glen at £1,489,000. The region's other top addresses include Restronguet Point in Truro at £1,715,000, Mudeford in Christchurch at £1,569,000, North Road in Bristol at £1,201,000 and Ilsham Marine Drive in Torquay at £1,164,000.
The most expensive streets in the West Midlands are Blue Lake Road in Solihull at £1,039,000 followed by Church Street in Broadway at £1,038,000 and Quarry Park Road in Stourbridge at £921,000. There are two other streets with an average value of over £850,000: Alderbrook Road at £893,000 and Little Aston Park Road at £880,000.
Seven of the 10 most expensive streets in Yorkshire and the Humber are located in the area that makes up what is known at the golden triangle between Harrogate, Wetherby and north Leeds. The region's most expensive street is Rutland Drive in the spa town of Harrogate at £1,152,000. Other exclusive addresses include Bracken Park at £956,000and Wigton Lane at £942,000 which are both in north Leeds as well as Queens Parade in Harrogate at £881,000, and Spofforth Hill at £695,000. Outside the golden triangle the most expensive street is Whirlow Park Road in Sheffield at £766,000.
The most expensive street in Wales is Gannock Park in Conwy with an average house price of £655,000, followed by Druidstone Road and Lake Road West in Cardiff, both at £636,000, then East Cliff in Swansea at £608,000 and Llantrithyd Road in Cowbridge at £555,000.
