18 Jun

London’s Most Expensive Street

London’s Most Expensive Street

 June 18th - (The Cloister)
A study has found that in West London, Kensington has come top of a property rich list.
According to property search website Zoopla, house prices in Kensington typically stand at £1.87 million, more than £90,000 or an increase of 5% in comparison to a year ago.
Moreover, the study found that Kensington is also home to Britain’s most expensive street, an example being in the location of Kensington Palace Gardens.
Kensington Palace Gardens is referred to The boulevard of Billionaires, residents include billionaires such as Lakshmi Mittal, Ukrainian oligarch Len Blavatnik and members of the Saudi Royal Families.
The average price of a mansion in the affluent road in Kensington, West London, is an astonishing sum of £22.17 million.
Dominating the most expensive neighbourhoods list; Central London has a healthy property market with overseas buyers; Chelsea, Notting Hill, West Brompton and Knightsbridge all made the top five.
The property values in the wealthy parts of London can be almost 10 times higher compared to other parts of the country.
Business development director at Zoopla.co.uk, Nicholas Leeming, said:
“While the majority of the country’s homeowners reflect on a year of stagnant and falling average house prices, those at the top of the market have had a good run over the past year. International demand for prime properties in the nation’s premium postcodes has boosted prices in London and the South East and further widened the gap between the haves and have nots.”
The study found Britain is home to an approximate 245,790 property millionaires, a 12% increase from a year ago.
In London, there is more than a third (35%) of these “million pound streets”

Britain's most expensive postcode areas, with their average house prices are:
1. W8, Kensington, £1,873,866.
2. SW7, Knightsbridge, £1,430,863.
3. SW3, Chelsea, £1,425,385.
4. W11, Notting Hill, £1,302,763.
5. SW10, West Brompton, £1,140,593.
6. NW3, Hampstead, £1,022,748.
7. SW1, Westminster, £1,010,228.
8. W1, West End, £987,191.
9. GU25, Virginia Water,£968,009.
10. SW13, Barnes, £958,871.

Britain's most valuable streets, with their postcode and average house price are:
1. Kensington Palace Gardens, London, W8, £22,167,649.
2. The Boltons, London, SW10, £18,591,793.
3. Frognal Way, London, NW3, £10,989,886.
4. Courtenay Avenue, London, N6, £8,625,444.
5. Compton Avenue, London, N6, £8,456,607.
6. Park Place Villas, London, W2, £7,912,172.
7. Palace Green, London, W8, £7,228,788.
8. Montrose Place, London, SW1X, £7,168,084.
9. Manresa Road, London, SW3, £7,076,769.
10. Ilchester Place, London, W14, £6,750,971.

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