The UK’s most and least expensive streets over the course of the last 12 months have been unveiled by the Land Registry, with a house on Britain’s most expensive street going for £14.5 million – 51 times the national average.
Egerton Crescent, Kensington, West London has replaced last year’s most expensive street in Mayfair by £200,000, based on the average cost of a house on the street. In fact, eleven of the UK’s most expensive streets are all located within a one-mile radius in West London, including Belgravia, Knightsbridge and Chelsea. While all but one of the top 20 most expensive streets were in west London.
By contrast Durham has the road with the lowest average house price of £20,167. The average cost of a terrace on Barrington Terrace in Ferryhill is 86% lower than the national average British house price of £284,000.
Based on Land Registry statistics the average cost of a neo-classical terrace in Egerton Crescent is the equivalent of 721 properties on Barrington Terrace.
The list of the top 20 most expensive streets saw some movement over the last 12 months with The Bishops Avenue, also known as Billionaire Row in Hampstead, slipping to seventh place. The coveted street boasts residents such as Russian billionaire Roman Abramovich, and had been a previous holder of the title of the UK’s most expensive street.
Source: https://www.gov.uk/government/publications/uk-house-price-index-england-july-2017/uk-house-price-index-england-july-2017
