Lloyds TSB names the most costly addresses in England & Wales
Just a short walk from Wimbledon’s All England Tennis Club, Parkside in Merton has been named as the most expensive residential street in England and Wales – with an average price of £5,058,000. Latest research from Lloyds TSB
demonstrates the lure of the famous SW19 postcode, with Cedar Park Gardens (also in Merton) named the seventh
most expensive street, with an average price of £3,596,000.
More than half of the 20 most expensive streets in England and Wales are in the Royal Borough of Kensington and Chelsea. Wycombe Square – the most expensive street in last year’s survey – is the second most expensive street in the country (£4,415,000). The remainder of the top five are also all in Kensington and Chelsea: Blenheim Crescent
(£4,346,000), Mallord Street (£4,091,000) and Drayton Gardens (£4,011,000). Woodlands Road West in Virginia Water (£2,770,000) and Burkes Road in Beaconsfield (£2,742,000) are the only streets outside the capital to make it to this year’s top 20.
There are an estimated 228 streets in England and Wales with an average house price above £1 million; including 36 with an average price of more than £2 million.
Whilst the vast majority of the country’s most expensive streets are in London and the Home Counties, there are many other streets throughout the country that also command a high average price.
Brundenell Avenue in Sandbanks, Dorset has an average house price of £2,006,000 and is the most expensive street outside of London and the South East. There are several other streets in this exclusive area on the south coast where houses command a high price, including Elms Avenue (£1,484,000), Crichel Mount Road (£1,330,000) and Bingham Avenue (£1,219,000).
The most expensive street outside southern England is Withinlee Road in Macclesfield – where the average house price stands at £1,629,000. Other high valued streets outside the south with an average price above £1 million are: Torkington Road in Wilmslow (£1,298,000), Park Lane in Altrincham (£1,251,000), Graham Parker Road in
Newcastle (£1,228,000), Macclesfield Road in Alderley Edge (£1,142,000) and Western Way in Newcastle (£1,141,000).
Nitesh Patel, housing economist at Lloyds TSB, comments:
“Unsurprisingly, the most expensive residential streets in England and Wales are in London.
Parkside in Merton, the most expensive street, is just a short walk to Wimbledon’s famous All England club. However, the biggest concentration of expensive properties is in Kensington and Chelsea. The prime, central London location continues to attract affluent celebrities and ultra wealthy foreign businessmen, helping to drive up house prices. The
survey shows that the most expensive streets continue to be tightly clustered in relatively small areas.”
