Where are Britain’s most expensive streets and towns?

Alex Johnson

2c13f8772183e28297c820b5b0cbc79f2fb7f867 300x214 Where are Britains most expensive streets and towns?The number of homes in Britain now worth more than £1 million – 323,684 – is up nearly a third over the last 12 months and Virginia Water in Surrey is the first location outside London where the average home now costs at least seven figures.

The figures from Zoopla (one of the Independent’s partners) shows that there are 8,230 streets with an average property price of over £1 million of which more than a third are in London which has also the top 20 most valuable streets. The most expensive is still Kensington Palace Gardens.

The research comes as councils in In Stoke-on-Trent and Liverpool have recently launched successful schemes offering derelict homes for sale for only £1.
10 most expensive neighbourhoods (and the average property price)
1 W8 (Kensington) £2,326,439
2 SW7 (Knightsbridge) £2,034,706
3 SW3 (Chelsea) £1,822,560
4 SW10 (West Brompton) £1,497,783
5 W11 (Notting Hill) £1,422,262
6 SW1 (Westminster) £1,297,531
7 W1 (West End) £1,294,766
8 SW13 (Barnes) £1,139,476
9 NW3 (Hampstead) £1,125,499
10 SW5 (Earl’s Court) £1,098,182

10 most expensive streets (and the average property price)
1 Kensington Palace Gardens, London W8 £36,066,148
2 The Boltons, London SW10 £23,375,758
3 Grosvenor Crescent, London SW1X £19,768,963
4 Courtenay Avenue, London N6 £10,750,336
5 Compton Avenue, London N6 £10,006,014
6 Frognal Way, London NW3 £9,513,716
7 Park Place Villas, London W2 £8,980,477
8 Montrose Place, London SW1X £8,980,468
9 Cottesmore Gardens, London W8 £8,813,429
10 Palace Green, London W8 £8,644,535

10 most expensive towns (and the average property price)
1 Virginia Water, Surrey £1,034,368
2 Cobham, Surrey £842,806
3 Beaconsfield, Buckinghamshire £806,459
4 Keston, London £785,399
5 Esher, Surrey £774,265
6 Chalfont St. Giles, Buckinghamshire £754,779
7 Richmond, Surrey £718,229
8 Gerrards Cross, Buckinghamshire £717,319
9 Radlett, Hertfordshire £691,211
10 Welwyn, Hertfordshire £687,558

Highest number of £1m streets by area
1 London (2789)
2 Richmond (184)
3 Guildford (118)
4 Mitcham (100)
5 Leatherhead (96)
6 Beaconsfield (89)
7 Cobham (89)
8 Kingston-upon-Thames (89)
9 Harpenden (84)
10 Esher (83)

House price figures up

UK house prices rose by 0.3% in June and were 1.9% higher than June 2012, according to Nationwide who say the typical UK home is now worth £168,941. Robert Gardner, Nationwide’s Chief Economist, said: “A number of factors are likely to be contributing to the recent acceleration. Demand for homes has been supported by further modest gains in employment, as well as an improvement in the availability and a reduction in the cost of credit, partly as a result of policy measures, such as the Funding for Lending Scheme. Signs of a modest improvement in wider economic conditions may also be playing a role in boosting buyer sentiment. At the same time, there are few signs that the supply of housing is improving significantly. Indeed, construction data point to a further decline in building activity in recent quarters from already depressed levels.”

Ten of the 13 UK regions saw annual price rises between April and June with London continueing to lead annual price growth. Northern Ireland was the worst performing region.

“London has seen the greatest recovery in prices of any region,” said Gardner, “and prices are now 5% above their 2007 peak at £318,214. Among the English regions, the south of England and the Midlands continue to outperform the north of England. Outside London, East Anglia was the strongest performing region, with annual price growth of 3.6%, while Yorkshire & Humberside was the weakest English region, with prices down 0.8% over the year.”

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  • Adan Bert

    Alex, This is a great compilation o facts and figures by you. The list is quite long and I know many peoples who were planning to relocate above listed cities will think twice.

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