Where are the most expensive streets to live in Britain?

Although many people fled cities during the pandemic, London still holds its position as one of Britain’s most expensive places to live.

The nation’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 value of a home is just under £30million.

In fact, the top 10 most expensive streets are all in London and have an average price tag of more than £19million. 

The prices of streets that are most expensive outside the capital city have risen faster than the rest, as more buyers seek out space after multiple lockdowns.

This four-bed terrace house in Tite Street, in London’s Chelsea, is for sale for £5.53million via John D Wood & Co estate agents

According to an annual Halifax survey, Tite Street in London is the most expensive street in Britain.

In one year, the average home price on the North Midlands’ ten most expensive streets increased by 11 percent. This makes them two of the best-performing regions.

They have increased by 5% on average in the North West, and by 4% in the East Midlands. London saw a decrease of 1%.

On the opposite end, the South West saw a plunge in property prices, with an average of 15%. East Anglia has experienced a 5 percent drop in median home price.

Tite Street is the most costly road. It lies between the River Thames in the south and Kings Road in the north.

According to Halifax’s annual survey, it replaces Avenue Road In London’s St John’s Wood last year.

Second on the list is Phillimore Gardens, near Holland Park, where average prices stand at £25,188,000.

In third place is Mayfair’s South Audley Street, where an average home costs more than £22million.

In third place is Mayfair’s South Audley Street, where the average cost of a property is more than £22million

A one-bed flat in this luxury block in Mayfair’s South Audley Street is currently for sale for £2.1million via Carter Jonas estate agents

London’s streets remain the most expensive in the top 10, especially the City of Westminster, Kensington and Chelsea.

The South East has more expensive homes than it seems.

Ranked eleventh and twelfth are South Ridge and East Road in Surrey’s Weybridge, with average values at £7,125,000 and £6,862,000 respectively.

Esther Dijkstra, of Lloyds Bank, said: ‘London’s dominance of the top ten most expensive streets in the UK continues, with property prices on some of the most famous roads in the capital averaging £19 million.

‘Homes in the South East’s most expensive streets will set you back around £5.5 million, and you’ll benefit from more rural locations all within commuting distance of the capital.

“However, London’s homes haven’t seen the same rapid rise in house prices as others this year. Buyers with more disposable income may start to consider other areas when searching for their next home.

Halifax used information from several sources, including the Land Registry, averaging values between January 2016 and September 2021.

London continues to dominate despite the pandemic’s so-called “race for space” among home hunters. 

Guy Meacock of Prime Purchase said that Covid was the right catalyst. He created the desire for outside space and more privacy, far from their neighbors, as well as a sense of isolation. This is something the densely populated cities couldn’t offer. 

“There was compelling historical significance in this country when compared to London. A whole market cycle, extraordinary amounts of activity, and an entire market cycle were compressed into 18 months. This allowed parts of the country to become gold postcodes.

However, he added: ‘Before Omicron emerged, city life had been rebounding fast. 

Many people purchased the country in a rush and might regret it later. 

Although London may be losing its star, the city has experienced a rebound that saw record activity levels. It continues to rebound, the Phoenix that keeps returning, no matter what happens.

This five-bed semi-detached house in Tregunter Road, London – one of the most expensive streets in the country – is for sale for £23.5million via Forbes Gilbert-Green estate agents

The most expensive street outside of London 

The North

The top two most expensive streets are in the North of England are in Windermere, on Old Hall Road, where average values are £2,508,000, followed by Newby Bridge Road at £1,488,000.

Seven of the top 10 most expensive streets in the North are based in Newcastle Upon Tyne, with Montagu Avenue the most expensive in the city and third on the list at £1,369,000.

North West

The North West has all the high-end streets: Altrincham Macclesfield Macnutsford Knutsford and Alderley Edge.

Barrow Lane in Altrincham is the most expensive street with homes selling, on average, for £3,706,000 followed by Underwood Road in Alderley Edge at £2,925,000 and Stanhope Road in Altrincham at £2,785,000.

Theobald Road, also in Altrincham, has an average house price of £2,572,000, and Withinlee Road in Macclesfield is at £2,536,000 – completing the top five.

Yorkshire and Humber

The most expensive street in the region is Fulwith Mill Lane, Harrogate, at £1,797,000, followed by Ling Lane, Leeds, at £1,551,000.

Hag Farm Road in Ilkley has an average price of £1,468,000, while Wetherby’s Linton Lane is at £1,353,000 and Sandmoor Drive, Leeds, at £1,351,000 make up the top five most expensive streets in the region.

West Midlands

In the West Midlands, Birmingham’s Carpenter Road at £3,088,000 takes the top spot, 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 to live in the region, followed by Solihull’s Rising Lane at £1,759,000 in fifth.

East Midlands

The top three most expensive streets in the region can all be found in Leicester, with Benscliffe Road at £3,288,000 topping the pile, followed by Holmewood Drive at £1,940,000 and Ulverscroft Lane at £1,719,000. 

Stamford’s St. Marys Street at £1,659,000 and Northampton Road in Rushden at £1,602,000 complete the top five.

East Anglia

Cambridge streets are the most expensive of East Anglia’s 10 highest-priced. Many of these streets lie close to Cambridge’s main University, in the CB2/CB3 postal districts.

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 then Bentley Road at £2,104,000.

South East

Weybridge, Leatherhead are the most sought-after addresses in the region.

South Ridge in Weybridge is the most expensive with an average price of £7,125,000, followed by East Road, also in Weybridge at £6,862,00.

In third place is Montrose Gardens in Leatherhead at an average price of £5,862,000 and completing the South East top five are Witheridge Lane, High Wycombe, at £5,575,000 and Virginia Avenue, Virginia Water, at £5,438,000.

South West

Eight of the top 10 most expensive streets in the South West can be found in Poole, with the top two – Pearce Avenue at £3,478,000 and Panorama Road at £3,002,000 – found in the area.

Bath’s Weston Park completes the top three, with an average price of £2,796,000.

Poole has the final two streets to make the top five in the region, with Wilderton Road and Whitecliffe Road both attracting average house prices of £2,528,000.

Wales

Benar Headland in Pwllheli is Wales’s most expensive street with an average price of £2,152,000.

The most expensive street in the Welsh capital of Cardiff is Llandennis Avenue, where the average house price is £1,361,000.

Llys Helyg Drive in Llandudno at £1,219,000, Cliff Parade in Penarth at £1,213,000, and Hanley Cwrt in Usk at £1,152,000 complete the top five.