Some of the other expensive streets in the Royal Borough include: Campden Hill Crescent with an average property price of £4,863,000, Blenheim Crescent (£4,728,000), Lansdowne Road (£4,693,000), Drayton Gardens (£4,428,000) and Eaton Square (£4,391,000).
Not all of the most expensive streets are in central London. Parkside in Merton, South West London, is the nation’s second most valuable address with an average house price of £5,161,000. Home Park Road, also in Merton, is the sixth most expensive street with an average property price of £4,685,000.
Away from the capital, the most expensive streets are in the leafy areas of Surrey, Hertfordshire and Kent. They include Woodlands Road West in Virginia Water (£3,201,000), Leys Road in Leatherhead (£3,018,000), The Ridgeway in Radlett (£2,368,000) and Phillippines Shaw in Sevenoaks (£2,250,000).
A place near the sea has obvious attractions for many wealthy buyers and several exclusive addresses are dotted along the south coast. These streets include Brudenell Avenue in Canford Cliffs (£1,975,000), Mudeford in Christchurch (£1,665,000) Panorama Road (£1,641,000) and Chaddesley Glen both in Sandbanks (£1,599,000).
The most expensive streets outside southern England are Park Lane in Trafford (£2,109,000); followed by Withinlee Road in Macclesfield (£1,649,000) and Thorsway in West Kirby. In Newcastle, Graham Park Road is the most expensive with an average price of £1,124,000; whilst on Church Street in Worcester a property commands an average price of £1,117,000. Yorkshire’s most expensive street is Rutland Drive in Harrogate (£1,109,000).
Nitesh Patel, economist at Lloyds TSB, said: "Kensington and Chelsea have some of the most expensive streets in England and Wales. The Royal Borough has been a highly fashionable area to live in for many decades. In recent years, its prime location in Central London and classical architecture has attracted affluent celebrities and ultra wealthy foreign businessmen, helping to drive up property prices. Across most regions, the most expensive streets are typically tightly clustered."
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