NEWS: A Guide to the Most Expensive Streets in the UK

22-January-2024

22-January-2024 10:33

in News

by Sam Hodgson

A Guide to the Most Expensive Streets in the UK

Are you dreaming of living on one of the most expensive streets in the UK? Or perhaps you're just curious about what makes a truly prime property location?

In this post, we take a tour of the streets with the highest average property prices in each area of the UK, according to recent data.

From the fashionable neighbourhood of Kensington in London to the affluent suburb of Poole in the Southwest, these streets are some of the most desirable addresses across the country.

But what makes these streets so special? Is it their proximity to world-class cultural attractions, excellent schools, or good transport links? Or is it the grand and luxurious properties that line the roads, with their elegant designs and spacious interiors?

What Makes the Most Expensive Streets in the UK So Costly?

These streets are associated with luxury and exclusivity, attracting affluent individuals who seek a prestigious address. The reputation of a street can significantly impact its property values.

Some of these streets feature historic or architecturally significant properties, adding to their appeal. Older, well-preserved buildings in attractive architectural styles can command higher prices.

Global interest has increased competition, particularly in London, and has kept property prices in these areas consistently high. The property market attracts international investors looking for reliable returns, not hindered by Britain's economy and the strength of the pound. Wealthy individuals from around the world look to get a piece of the pie regarding these esteemed addresses.

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London: Phillimore Gardens, Kensington – £23.8m

While 19 of the most expensive streets in the UK are in London, we're just looking at the top of this list.

The most expensive street in the whole of the UK, Phillimore Gardens is a prestigious street located in the fashionable neighbourhood of Kensington, West London.

The Royal Borough of Kensington and Chelsea is known for its upscale neighbourhoods and high property values, and Phillimore Gardens is no exception.

According to recent data, the average property price on this street is a staggering £23.8 million.

London property buying agent Brick Weaver's latest quarterly report showed that the price for flats alone in Kensington have increased by 8.9% since 2018.

In the past year, prices per square foot have increased by 3.9% for flats and 0.8% for houses in Kensington as a whole.

The properties on Phillimore Gardens are some of the most luxurious in the country, with many of them being Grade II listed buildings. Located in the heart of London, Phillimore Gardens is surrounded by a wide variety of cultural attractions, including world-class museums, art galleries, and theatres.

The following 5 streets below Phillimore Gardens on the London pricelist are:

Grosvenor Square, Mayfair - £17.7m
Ilchester Place, Kensington - £15.4m
Grosvenor Crescent, Belgravia - £15m
Clarendon Road, Notting Hill - £14.7m
Ashburton Place, Mayfair - £14.6m

Related: Looking to buy property in the UK from overseas? We help expats and foreign nationals raise property finance.

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North-east: Ramside Park, Durham – £1.6m

Ramside Park is a luxurious street located in the affluent suburb of Durham, in the North-east of England:

It's located in the heart of the county of Durham, which is known for its picturesque countryside, historic castles, and beautiful coastline.
The average property price on Ramside Park is £1.6 million, making it the most expensive street in the region.
The properties on this street are grand and spacious, and the area is a popular choice for wealthy families looking for a quiet and secluded place to live.
It's within driving distance from the city of Durham, which offers a wide range of shopping, dining, and entertainment.

North-west: Broadway, Altrincham - £3.2m

Broadway is a prestigious street in the upscale suburb of Altrincham, in the North-west of England. It's located in the borough of Trafford, known for its attractive neighbourhoods and good schools.
Just a short drive from Manchester.
Highly coveted address in the North-west of England.

Yorkshire and the Humber: Manor House Lane, Leeds - £2.4m

If you're looking for a luxurious and urban lifestyle in Leeds, look no further than Manor House Lane:

Located in the heart of the city and known for its elegant and spacious properties, many of which feature modern amenities and luxurious finishes.
With an average property price of £2.4 million, it's one of the most expensive streets in the region.
It's a popular choice for wealthy families and professionals.
Easy access to all that Leeds offers, including its vibrant cultural scene, excellent schools, and good transport links.

West Midlands: Bakers Lane, Solihull - £2.3m

Bakers Lane is an exclusive street located in the affluent suburb of Solihull, in the West Midlands:

Located in the affluent suburb of Solihull, in the West Midlands.
Known for its grand and spacious properties, surrounded by well-manicured gardens and situated on large plots of land.
An average property price of £2.3 million makes it one of the most expensive streets in the region.
Located just a few minutes drive from the bustling city of Birmingham.
Offers easy access to attractive neighbourhoods, good schools, and excellent transport links.

East Midlands: Warren Hill, Leicester - £1.6m

If you're looking for a luxurious and exclusive address in the East Midlands, look no further than Warren Hill in Leicester:

Located in the affluent suburb of Leicester.
Average property price of £1.6 million.
A popular choice for those looking for a more urban lifestyle.
Close to the city centre of Leicester, with its rich history and excellent schools.

East of England: Chaucer Road, Cambridge £4.2m

Chaucer Road is in the upscale suburb of Cambridge, in the East of England.

Average property price: £4.2m
World-class education: Cambridge is home to one of the world's top universities, the University of Cambridge. The institution attracts students, professors, and researchers from around the world, making Cambridge a hub of academic and intellectual activity.
Rich history and culture: Cambridge has a long and fascinating history reflected in its many historic buildings and cultural attractions. From the beautiful colleges of the University of Cambridge to the stunning architecture of the city centre, there is plenty to see and do.
Beautiful natural surroundings: Cambridge is in the heart of the East of England, with beautiful countryside and waterways. From the tranquil River Cam to the rolling hills of the surrounding countryside, Cambridge is an excellent place for nature lovers.
Good transport links: Cambridge is well-connected to other parts of the UK by road, rail, and air, making it an easy place to get to and from. It's also just a short train ride from London, making it ideal for commuters.

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South-east: Titlarks Hill, Ascot - £12.3m

Titlarks Hill is a prestigious street in the affluent suburb of Ascot, in the South-east of England. With the average property price at a whopping £12.3m, here are a few reasons why it's popular:

Exclusive and desirable location: Ascot is a sought-after suburb known for its upscale properties and affluent residents.
Good transport links: Titlarks Hill is just a few minutes' drive from the M3, offering easy access to London and the rest of the South-east. The street is also just a short drive from Heathrow Airport, making it an ideal location for frequent travellers.
Nearby attractions: Ascot is home to many attractions, including the world-famous Ascot Racecourse, which hosts high-profile horse racing events throughout the year. The street is also near Windsor Castle, one of the Queen's official residences.
Good schools: Ascot is home to many good schools, making it a popular choice for families with children.

South-west: Lawrence Drive, Poole - £4.1m

Lawrence Drive is a prestigious road located in the affluent suburb of Poole, in the South-west of England.

Average property price of £4.1m.
It's a sought-after suburb with pricey properties and affluent residents.
It's just a few minutes' drive from the M27 motorway, offering easy access to Southampton and the rest of the South-west. The street is also close to Bournemouth Airport, making it an ideal location for frequent travellers.
Poole is also home to many attractions, including the beautiful Poole Harbour and the nearby Jurassic Coast, a World Heritage Site.
It's also close to the popular resorts of Bournemouth and Weymouth, which offer a wide range of entertainment experiences.

Wales: Benar Headland, Pwllheli - £1.7m

Benar Headland is a prestigious street in the seaside town of Pwllheli, Wales.

Average property price of £1.7m.
Beautiful natural surroundings: Pwllheli is located on the stunning Llyn Peninsula, which offers a wide range of outdoor activities and breathtaking natural beauty. Benar Headland is just a short walk from the beach, making it an ideal location for nature lovers.
Good transport links: Pwllheli is well-connected to other parts of Wales by road and rail, making it easy to get to and from.
The town is also just a short drive from the popular resort of Abersoch, which has plenty of options for shopping, dining, and entertainment.

Scotland: Ann Street, Edinburgh - £1.7m

Ann Street is a prestigious street located near the centre of Edinburgh, in Scotland.

Average property price of £1.7m.
Exclusive and desirable location: Ann Street is a prestigious address within Edinburgh, making it a highly desirable place to live.
It's just a short walk from the city centre, making it ideal for those who want to enjoy the city's many cultural attractions.
Edinburgh is home to many cultural attractions, including theatres, galleries, museums, and music venues. The city is also home to a thriving food and drink scene, with a wide range of restaurants, cafes, and pubs.
Good transport links: Edinburgh is well-connected to other parts of Scotland by road, rail, and air.

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