The pandemic may have resulted in an exodus from many cities, but London retains its crown with the most expensive addresses in the UK.
The country’s most expensive Millionaire’s Rows have been revealed by new research, and top of the list is Tite Street in the London borough of Chelsea and Kensington, where the average home value is just under £ 30 million.
In fact, the top 10 most expensive streets are all in London and cost more than £ 19 million on average.
However, prices have risen faster on the most expensive streets outside the capital as shoppers starve for more space outside the city after several closings.
This four bedroom townhouse on Tite Street in the London borough of Chelsea is on sale through estate agent John D Wood & Co for £ 5.53 million
At the top of the list of the UK’s most expensive streets is Tite Street in London, according to the annual Halifax poll
The average home price on one of the top ten most expensive streets in the North and West Midlands rose 11 percent in one year, making them the top two performing regions.
In the northwest they have risen by an average of 5 percent, followed by the East Midlands with 4 percent. London, on the other hand, only recorded an increase of 1 percent.
At the other end of the scale, home prices on these streets in the southwest have fallen 15 percent, while the average price in East Anglia has fallen 5 percent.
The most expensive street – Tite Street – runs between the banks of the Thames to the south and the famous Kings Road to the north.
It replaces last year’s top spot, Avenue Road in London’s St. John’s Wood, according to Halifax’s annual poll.
Second on the list is Phillimore Gardens, near Holland Park, where the average price is £ 25,188,000.
Third is South Audley Street in Mayfair, where the average home costs more than £ 22 million.
Third is South Audley Street in Mayfair, where the average cost of a property is more than £ 22 million
A one-bed apartment in this luxury block on Mayfair’s South Audley Street is currently being sold through real estate agent Carter Jonas for £ 2.1 million
London streets continue to dominate the top 10 most expensive streets, particularly the areas of Kensington, Chelsea and the City of Westminster.
But the southeast also proves that it has its share of expensive addresses.
In eleventh and twelfth place are South Ridge and East Road in Surreys Weybridge with averages of £ 7,125,000 and £ 6,862,000 respectively.
Esther Dijkstra of Lloyds Bank said: “London’s dominance of the UK’s ten most expensive streets continues, with house prices averaging £ 19 million on some of the capital’s most iconic streets.
HISTORY OF TITE STREET
The street is named after William Tite, who as a member of the Metropolitan Board of Works was responsible for the construction of the Chelsea Embankment south of Tite Street.
Gough House stood on the east side of the street and was built around 1707. It became a school in 1830, then the Victoria Hospital for Children in 1866. In 1898 the building was deemed unsuitable. The hospital moved to St. George’s Hospital, and the original building was demolished in 1968. Today the monastery of St. Wilfred and the old people’s home are located there.
In the late 19th century, the street was a popular and fashionable place for artists and writers.
Today a blue plaque commemorates Oscar Wilde’s house at 34 Tite Street
“Houses on the southeastern’s most expensive streets cost around £ 5.5 million and you benefit from more rural locations, all of which are close to the capital.
“However, like house prices overall, houses in London have not experienced the same meteoric rise this year as in other regions. Bigger purse buyers may be looking for their next stately home beyond the capital. ‘
Halifax used information from multiple sources, including the Land Registry, which averages between January 2016 and September 2021.
The dominance of London continues despite the so-called “space race” among apartment hunters during the pandemic.
Guy Meacock from Prime Purchase said: “Covid was the perfect catalyst that awakened not only the desire for space, but also for more outside space, away from the neighbors and a bit of wonderful isolation that the densely populated city could easily do . ” t deliver.
“Compared to London, there was compelling historical value in the country, while an entire market cycle and exceptional activity were wrapped up in a tiny 18 month window that turned parts of the country into their own golden zip codes. ‘
However, he added, “Before Omicron showed up, city life had quickly recovered.
“Many people bought in the country as a knee-jerk reaction and may wonder if they would have been better off renting, with employers reportedly telling employees to return to the office four days a week.
‘London’s star may have slipped, but it’s also seen a strong rebound with record activity. Whatever happens to London continues to recover, the phoenix that keeps returning. ‘
This five bed semi-detached house on Tregunter Road, London – one of the most expensive streets in the country – is being sold for £ 23.5 million through Forbes Gilbert Green real estate agents
| Street name | Post town | region | Postal code | Average house price € – 2016-2021 * |
|---|---|---|---|---|
| Tite Street | London | Greater London District | Sw3 | 28,902,000 |
| Phillimore Gardens | London | Greater London District | W87 | 25,188,000 |
| South Audley Street | London | Greater London District | W1K | 22,850,000 |
| Chelsea Square | London | Greater London District | Sw3 | 18,800,000 |
| Queen Annes Gate | London | Greater London District | Sw1 | 17,563,000 |
| Knight’s Bridge | London | Greater London District | Sw1 | 16,749,000 |
| Ilchester Square | London | Greater London District | W14 | 16,304,000 |
| Kensington Park Gardens | London | Greater London District | W11 | 15,683,000 |
| Manresa Street | London | Greater London District | Sw3 | 15,518,000 |
| Tregunterer Strasse | London | Greater London District | Sw1 | 15,510,000 |
| South ridge | Weybridge | South east | Kt1 | 7,125,000 |
| East street | Weybridge | South east | Kt1 | 6,862,000 |
| Montrose Gardens | Leather head | South east | Kt2 | 5,862,000 |
| Witheridge trail | High Wycombe | South east | HP1 | 5,575,000 |
| Virginia Avenue | Virginia water | South east | Gu2 | 5,438,000 |
| Charlbury Road | Oxford | South east | Ox2 | 5,103,000 |
| Buckler Hard | Brockenhurst | South east | So4 | 5,038,000 |
| Hatton Hill | Windlesham | South east | Gu2 | 5,009,000 |
| Fisherman wood | Ascot | South east | Sl5 | 4,804,000 |
| Furzefeld | Leather head | South east | Kt2 | 4,575,000 |
| Source: Halifax * For the period January 2016 to September 2021 | ||||
Most expensive streets outside of London
The North
The two most expensive roads in the north of England are in Windermere on Old Hall Road, where the average is £ 2,508,000, followed by Newby Bridge Road at £ 1,488,000.
Seven of the north’s 10 most expensive streets are in Newcastle Upon Tyne, with Montagu Avenue being the most expensive in the city at £ 1,369,000 and third on the list.
northwest
To the northwest are all of the expensive roads in Altrincham, Macclesfield, Knutsford and Alderley Edge.
Barrow Lane in Altrincham is the most expensive street with houses selling for an average of £ 3,706,000, followed by Underwood Road in Alderley Edge for £ 2,925,000 and Stanhope Road in Altrincham for £ 2,785,000.
Theobald Road, also in Altrincham, has an average house price of £ 2,572,000 and Withinlee Road in Macclesfield is £ 2,536,000, completing the top 5.
Yorkshire and the Humber
The most expensive street in the area is Fulwith Mill Lane in Harrogate at £ 1,797,000, followed by Ling Lane in Leeds at £ 1,551,000.
Hag Farm Road in Ilkley has an average price of £ 1,468,000, while Wetherby’s Linton Lane costs £ 1,353,000 and Sandmoor Drive, Leeds, is the five most expensive streets in the area at £ 1,351,000.
West Midlands
In the West Midlands, Carpenter Road in Birmingham ranks first at £ 3,088,000, followed by Old Warwick Road in Solihull at £ 2,113,000.
Beechwood Croft at £ 1,930,000 and Ladywood Road at £ 1,836,000 in Sutton Coldfield are the third and fourth most expensive streets in the area, followed by Solihulls Rising Lane in fifth place at £ 1,759,000.
East Midlands
The three most expensive streets in the area are all in Leicester, with Benscliffe Road at the top at £ 3,288,000, followed by Holmewood Drive at £ 1,940,000 and Ulverscroft Lane at £ 1,719,000.
St Marys Street in Stamford for £ 1,659,000 and Northampton Road in Rushden for £ 1,602,000 complete the top five.
East Anglia
The streets of Cambridge dominate the 10 most expensive in East Anglia. Most of these streets are in the CB2 and CB3 post districts near the main university area.
Chaucer Road is the most expensive street at £ 3,610,000, followed by Storeys Way at £ 2,585,000, Barrow Road at £ 2,319,000, Millington Rad at £ 2,317,000 and Bentley Road at £ 2,104,000.
South east
The region’s most sought-after addresses are in the towns of Weybridge and Leatherhead.
South Ridge in Weybridge is the most expensive at an average price of £ 7,125,000, followed by East Road, also in Weybridge, at £ 6,862,000.
Third is Montrose Gardens in Leatherhead, with an average price of £ 5,862,000, completing the top five in the Southeast with Witheridge Lane, High Wycombe, at £ 5,575,000, and Virginia Avenue, Virginia Water, at £ 5,438,000 Sterling.
southwest
Eight of the 10 most expensive streets in the Southwest are in Poole, with the two best – Pearce Avenue for £ 3,478,000 and Panorama Road for £ 3,002,000 – in the area.
Weston Park in Bath completes the top 3 with an average price of £ 2,796,000.
Poole has the last two streets to make it into the top 5 in the area, with Wilderton Road and Whitecliffe Road both attracting average house prices of £ 2,528,000.
Wales
Benar Headland in Pwllheli is the most expensive street in Wales at an average price of £ 2,152,000.
The most expensive street in the Welsh capital, Cardiff, is Llandennis Avenue, where the average house price is £ 1,361,000.
Llys Helyg Drive in Llandudno for £ 1,219,000, Cliff Parade in Penarth for £ 1,213,000 and Hanley Cwrt in Usk for £ 1,152,000 complete the top 5.