The top 10 most expensive streets in Britain are all located in London, new data reveals.
For buyers with the deepest pockets, properties in Knightsbridge – which is the road that houses One Hyde Park – are the most expensive, with an average price tag of £21,409,000.
Ilchester Place in London is the second most expensive street to buy a home, with prices at around £19,387,000.
Grosvenor Square and Clarendon Road are the third and fourth priciest streets in London to purchase properties, with homes typically costing £19,061,000 and £17,030,000 respectively, Lloyds said.
While still in the top 10, at £13,696,000, properties on The Little Boltons street in Chelsea cost £7million less than those in the heart of Knightsbridge.
Amanda Bryden, head of mortgages at 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 £21.4million to buy a home, even those with the deepest pockets might baulk at the price.’
Taking all the top 10 most expensive streets in London into account, buyers need an average of £16.5million to buy a home.
With the average national house price standing at around £356,925, the most expensive properties in the country are almost 60 times more expensive than a typical home.
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Which are the most expensive streets near you?
Beyond London, East Road in Weybridge is the most expensive street to buy a home. The average home on this Surrey street costs just over £8million.
Turning to the east of England, Park Avenue North, Harpenden, is 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), came third this year, according to Lloyds.
Croft Road in Nottingham is the most expensive street once again in the East Midlands, with properties costing around £1,620,000.
Warren Lane in Leicester retained its second place regional ranking, with homes costing around £1,563,000.
Again in the East Midlands, Golf Lane in Northampton came in third place, with buyers on the street forking out around £1,512,000 for a home.
Solihull has some of the most expensive houses in the West Midlands, with Bakers Lane and Rising Lane topping the list.
In the north west of England, the top two most expensive streets were in Altrincham. On Barrow Lane, house prices stand at an average of £2,914,000, while on Broadway, they are £2,905,000.
Completing the top three most expensive streets in the north west was Fletsand Road in Wimslow, where average property prices are £2,659,000.
In the south west of England, Brudenell Avenue in Poole, with average property prices of around £3,062,000.
Charlton Park Gate in Cheltenham came in second place for the area, with homes still costing a hefty £2,829,000.
Bury Road in Poole is the third most expensive street in south west England, with a property typically costing £2,547,000.
In the north east of England, Ramside Park in Durham is the most expensive street, with homes costing around £1,538,000.
At £1,440,000, Runnymede Road in Newcastle upon Tyne is the second priciest street in the north east.
Westfield Drive in Newcastle upon Tyne came in third place in the region, with properties costing around £1,340,000.
Across Yorkshire and The Humber, the most expensive street was once again Manor House Lane in Leeds, with properties costing around £2,135,000.
Turning to Scotland, Queens Crescent in Auchterarder is Scotland’s most expensive postcode, with properties generally costing nearly £3million.
Wales has some of the ‘lowest most expensive properties’, Lloyds said.
Average properties on Benar Headland in Pwllheli typically cost £1,345,000, making in it the most expensive street in Wales. In Cardiff, Llandennis Avenue has the priciest property price tag, at £1,135,000.
Ms Bryden of Lloyds, said: ‘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 £1.3million, although still a significant amount.’
Toby Leek, NAEA Propertymark president, said: ‘Knightsbridge showcases the enduring appeal of prime London real estate, particularly in areas renowned for their exclusivity and proximity to world-class amenities.
‘The report also illustrates stark regional disparities. While a home on East Road in Weybridge, the priciest street outside London, averages over £8million, the most expensive properties in Wales come in significantly lower, averaging around £1.3million.
‘Such figures emphasise the varied dynamics of the UK property market, where location and prestige dramatically influence valuations.’
He added: ‘This report is a fascinating snapshot of where the UK’s wealthiest choose to invest in real estate. As we move into 2025, these trends will likely continue to shape discussions around housing policy and urban development.’
