Chelsea’s Tite Street named most expensive in UK

Land Registry data

The UK’s top 10 most expensive streets are all in London and have an average price tag of more than £19m

Tite Street in the London Borough of Chelsea and Kensington is the most expensive street in the UK, with an average house price £28.9m, according to Halifax’s review of Land Registry data.

Second on the list is Phillimore Gardens, with average house prices on the prestigious street near Kensington and Holland Park standing at £25,188,000.

Mayfair’s South Audley Street is the third most expensive on the list, with average house prices at £22,850,000.

The UK’s top 10 most expensive streets are all in London and have an average price tag of more than £19m.

In the South East of England, taking the 11th and 12th spots, South Ridge (£7,125,000) and East Road (£6,862,000), are both in Weybridge, just outside the M25.

The average price of a home on one of the ten most expensive streets in both the North and West Midlands rose 11% in a year, making them the two best performing regions.

In the North West they have risen by 5% on average, followed by the East Midlands at 4%. London, in comparison, experienced just a 1% increase.

At the other end of the scale, in the South West the prices of homes on these streets have tumbled 15%, while in East Anglia the average price has fallen 5%.

Esther Dijkstra, mortgage director at 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 £19m.

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

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Getting Money Wise. The information provided on Getting Money Wise is intended for informational purposes only. Getting Money Wise is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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