Britain’s 10 most expensive streets are all in London, new data reveals.
For wealthier buyers, properties in Knightsbridge, which is the street home to One Hyde Park, are the most expensive, with an average price of £21,409,000.
Ilchester Place in London is the second most expensive street to buy a house, with prices around £19,387,000.
Grosvenor Square and Clarendon Road are the third and fourth most expensive streets in London to buy property, with houses typically costing £19,061,000 and £17,030,000 respectively, Lloyds said.
Although still in the top 10, worth £13,696,000, properties on The Little Boltons street in Chelsea cost £7 million less than those in the heart of Knightsbridge.
Amanda Bryden, head of mortgages at Lloyds, said: “London’s dominance in the list of most expensive streets underlines the city’s continued attractiveness and subsequent competitiveness at the top end of the property market.”
“However, with £21.4 million to buy a home, even those with deepest pockets might balk at the price.”
Taking into account the 10 most expensive streets in London, buyers need an average of £16.5 million to buy a home.
With the national average house price hovering around £356,925, the country’s most expensive properties are almost 60 times more expensive than a typical house.
What are the most expensive streets near you?
Beyond London, East Road in Weybridge is the most expensive street to buy a house on. The average house on this Surrey street costs just over £8 million.
Turning to the east of England, Park Avenue North, Harpenden, is the most expensive street (£3,587,000), followed by Newlands Avenue in Radlett (£3,415,000). Last year’s top spot, Woodlands Road in Cambridge (£3,294,000), came third this year, according to Lloyds.
Croft Road in Nottingham is once again the most expensive street in the East Midlands, with properties costing around £1,620,000.
Warren Lane in Leicester maintained its second place in the regional rankings, with houses costing around £1,563,000.
Back in the East Midlands, Golf Lane in Northampton came in third place, with buyers on the street shelling out around £1,512,000 for a home.
Solihull has some of the most expensive houses in the West Midlands, with Bakers Lane and Rising Lane topping the list.
In the north-west of England, the two most expensive streets were in Altrincham. In Barrow Lane, house prices average £2,914,000, while in Broadway they are £2,905,000.
Completing the top three most expensive streets in the North West is Fletsand Road in Wimslow, where median property prices are £2,659,000.
In the south west of England, Brudenell Avenue in Poole, with average property prices of around £3,062,000.
Charlton Park Gate in Cheltenham came second in the area, with the houses still costing a hefty £2,829,000.
Bury Road in Poole is the third most expensive street in South West England, with a property typically costing £2,547,000.
In the north east of England, Ramside Park in Durham is the most expensive street, with houses costing around £1,538,000.
Priced at £1,440,000, Runnymede Road in Newcastle upon Tyne is the second most expensive street in the North East.
Westfield Drive in Newcastle upon Tyne came third in the region, with properties costing around £1,340,000.
Across Yorkshire and The Humber, the most expensive street was once again Manor House Lane in Leeds, with properties costing around £2,135,000.
As for Scotland, Queens Crescent in Auchterarder is the most expensive postcode in Scotland, with properties typically costing almost £3 million.
Wales has some of the “most expensive properties”, Lloyds said.
The average property on Benar Headland in Pwllheli typically costs £1,345,000, making it the most expensive street in Wales. In Cardiff, Llandennis Avenue has the most expensive property price, at £1,135,000.
Ms Bryden, of Lloyds, said: “The cost of securing a prestigious address varies across the country. For example, living on the most expensive street in Wales means paying around £1.3 million, although this is still a significant amount. .’
Toby Leek, Chairman of NAEA Propertymark, said: ‘Knightsbridge showcases the enduring appeal of prime real estate in London, particularly in areas renowned for their exclusivity and proximity to world-class amenities.
‘The report also illustrates stark regional disparities. While a house on East Road in Weybridge, the most expensive street outside London, costs on average more than £8 million, the most expensive properties in Wales are priced significantly lower, averaging around £1.3 millions.
“These figures highlight the varied dynamics of the UK property market, where location and prestige dramatically influence valuations.”
He added: ‘This report is a fascinating snapshot of where the UK’s richest choose to invest in real estate. As we approach the year 2025, these trends are likely to continue to shape debates about housing policy and urban development.”