London’s Eaton Square has been named the most expensive street in England and Wales, with an average house price of £16.9m, according to research by Lloyds Bank.
Prices at the Belgravia address are over three times more than the costliest street outside London; Camp End Road in Weybridge, which has an average price of £5.1m.
Central London boroughs dominate the list of the top 10 most expensive streets, with seven streets based in Westminster and Kensington having an average price of at least £10m and three over £16m.
Andrew Mason, mortgage director at Lloyds Bank, said: “Eaton Square, and prime central locations such as Westminster, and Kensington and Chelsea, have established reputations as exclusive addresses.
“Not only do these streets possess a rich historical legacy, but properties located there are some of the most prestigious in the world and are close to superb local amenities in Knightsbridge, Sloane Street and Chelsea, as well as the capital’s business and entertainment districts.
“Away from London, our figures show that the most expensive streets tend to be tightly clustered within pockets in the same area. For example, the Edgbaston district in Birmingham, the Wilmslow and Altrincham areas in Cheshire, the so-called 'Golden Triangle' in Yorkshire and the Humber and Sandbanks in Dorset on the south coast.”
The Lloyds research showed every region in England and Wales now has a million pound street.
Outside London, the most desirable addresses are in the Surrey towns of Weybridge and Leatherhead, which each have four streets in the top 20.
Other addresses in the top 20 are in the Sandbanks area of Poole and Crick Road in North Oxford.
damian.fantato@ft.com
