£21 million to live on UK’s most expensive street

· Knightsbridge in London now the priciest UK street
· The UK’s 10 most expensive streets all in the capital, with an average price tag of £16.5 million
· East Road in Weybridge the most expensive address outside of London
· Priciest UK properties are 60 times more than a typical home

Lloyds has revealed the UK’s most expensive streets of 2024, with Knightsbridge in London topping the list. A home in the sought-after area – home to high-end boutiques and luxury hotels – will set buyers back a staggering £21.4 million.

Just over two miles away, Ilchester Place, located in the Holland Park area of Kensington, is in second place with an average price tag of £19.4 million. Rounding out the top three is Grosvenor Square (last year’s most expensive), one of the largest squares in London, where properties now cost an average £19 million.

London dominates the priciest streets list and those dreaming of owning a home on one of these will need deep pockets, with average prices now £16.5 million.

With the average UK house price at £356,925*, the most expensive properties in the country are almost 60 times more than a typical home.

Outside of the capital, East Road in Weybridge is the most expensive. The average home here comes in at just over £8 million, still a considerable price tag.

Wealthier buyers looking for an exclusive street in Wales would need around £1.3 million – the lowest ‘most expensive’ nation or region in the UK.

Table 1: Top 10 most expensive UK streets 

Street name Location Postcode Average house price 2019-2024
Knightsbridge London SW1X £21,409,000
Ilchester Place London W14 £19,387,000
Grosvenor Square London W1K £19,061,000
Clarendon Road London W11 £17,030,000
Ashburton Place London W1J £15,351,000
Avenue Road London NW8 £15,167,000
Phillimore Gardens London W8 7 £14,958,000
Chelsea Square London SW3 £14,666,000
Grosvenor Crescent London SW1X £13,942,000
The Little Boltons London SW10 £13,696,000

Amanda Bryden, Head of Mortgages, Lloyds said:

“London’s dominance in the list of priciest streets underscores the city’s continued appeal and the resulting competitiveness at the very top end of the property market. However, at £21.4 million to buy a home, even those with the deepest pockets might baulk at the price.

“The cost of securing a prestigious address does vary across the country. For instance, living on the most expensive street in Wales means paying around £1.3 million, although still a significant amount.”

Regional top prices

East Midlands

Croft Road in Nottingham is the most expensive street once again (£1,620,000). Warren Lane, Leicester (£1,563,000) also retains second spot. Golf Lane in Northampton (£1,512,000) is new in third place.

East of England

In the East of England, Park Avenue North, Harpenden, is now the most expensive street (£3,587,000), followed by Newlands Avenue in Radlett (£3,415,000). Last year’s first place Woodlands Road in Cambridge (£3,294,000) is now third.

North East

Ramside Park in Durham (£1,538,000) retains the top spot in the region. Runnymede Road (£1,440,000) and Westfield Drive (£1,340,000) both in Newcastle Upon Tyne make up second and third place.

North West

An all-new top three in the North West is made up of first and second places both in Altrincham – Barrow Lane (£2,914,000) and Broadway (£2,905,000). Fletsand Road in Wilmslow (£2,659,000) completes the top three.

Scotland

Queens Crescent in Auchterarder is Scotland’s most expensive postcode at nearly £3 million (£2,927,000), followed by Ann Street in Edinburgh (£1,807,000). Glasgow’s Elphinstone Road (£1,645,000) is in third place.

South East

East Road in Weybridge (£8,004,000) – which is also the most expensive area outside of London – retains first place in the South East. Camp End Road also in Weybridge (£6,120,000) is new in second place this year, followed by Spring Woods in Virginia Water (£5,485,000) who retains third place from last year.

South West

Brudenell Avenue in Poole (£3,062,000) is now the priciest in the region. Charlton Park Gate in Cheltenham (£2,829,000) last year’s third place moves up to second followed by Bury Road in Poole (£2,547,000).

Wales

Wales has some of the lowest most expensive properties in the UK. Benar Headland in Pwllheli (£1,345,000) is again the most expensive street in Wales, followed by Twyncyn in Dinas Powys (£1,185,000), In the Welsh capital of Cardiff, Llandennis Avenue has the priciest property price tag (£1,135,000) and the third most expensive across the whole of Wales.

West Midlands

Solihull has some of the most expensive houses in the West Midlands, topping the list is Bakers Lane (£1,948,000) closely followed by Rising Lane (£1,880,000). Roman Road in Sutton Coldfield (£1,796,000) completes the list.

Yorkshire and The Humber

The most expensive street in the region is once again Manor House Lane, Leeds (£2,135,000), followed by Fulwith Mill Lane, Harrogate (£2,069,000), then Curly Hill, Ilkley (£1,662,000).

 

*UK average house price based on Land Registry data, 12 months rolling to August 2024 is £356,925.

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More