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Halifax reveals UKs most expensive streets

Written by Paul Williams

Monday, 17 November 2008

Survey of residential property reveals Borough of Kensington and Chelsea lays claim to UKs most expensive street.

The Vale in Kensington and Chelsea is the most expensive residential street in England and Wales, with an average house price of £4,677,500 based on transactions between 2004 and 2008.

This is according to the findings of Halifax Bank (LON:HBOS).

Ingram Avenuein the London borough of Barnet (£4,465,000) and Cottesmore Garden in Kensington and Chelsea (£4,288,125) are the next most expensive.

Twenty six of the 50 most expensive streets in Britain are in Kensington and Chelsea.

Panorama Road in Poole is the most expensive street outside London with an average house price of £4,158,333

Congleton Roadin Alderley Edge in Cheshire has the most expensive houses (£1,684,166) outside southern England; outside the North West, Kent Road in Harrogate (£1,173,373) is the most expensive street in Yorkshire and the Humber.

Six of the ten regions in England and Wales have streets with an average house price of over £1,000,000.

Martin Ellis, chief economist at Halifax said, "Chelsea and Kensington have some of the most expensive streets in England and Wales. The Royal Borough has been a highly fashionable area to live in since the Swinging Sixties. In recent years, its prime location in Central London has attracted affluent celebrities and ultra wealthy foreign businessmen helping to drive up house prices."