New analysis from Rightmove unveils the most expensive streets to buy a home in the UK currently, with Buckingham Gate in Westminster, topping the list, with an average asking price of £9,633,333.
Taking second place for the priciest street to live on is Vicarage Gate in Holland Park, with an average price tag of £6,332,000, while third most expensive is Park Road in St John’s Wood, with an average of £5,814,286.
Sales searches for prestigious London boroughs are also up, with areas such as Mayfair (+35% YoY), St John’s Wood (+15% YoY) and Holland Park (+11% YoY) all seeing an increase in sales searches this year, compared to last year.
Old Avenue in Weybridge, Surrey, is currently the most expensive street to buy outside of London, with an average asking price of £2,633,333.
Next most expensive outside London is The Ridgeway in Cuffley, Potters Bar, Hertfordshire, with an average asking price of £2,289,286, and in third Manor Road in Chigwell, Essex, where properties are currently on average listing at £2,219,444.
The most expensive streets in London to buy
|
Street
|
Borough
|
Average asking price
|
|
Buckingham Gate
|
Westminster
|
£9,633,333
|
|
Vicarage Gate
|
Holland Park
|
£6,332,000
|
|
Park Road
|
St John’s Wood
|
£5,814,285
|
|
St John’s Wood Road
|
Maida Vale
|
£5,389,444
|
|
Cadogan Square
|
Knightsbridge
|
£4,834,500
|
The most expensive streets to buy outside of London
|
Street
|
Town, County
|
Average asking price
|
|
Old Avenue
|
Weybridge, Surrey
|
£2,633,333
|
|
The Ridgeway
|
Cuffley, Potters Bar, Hertfordshire
|
£2,289,286
|
|
Manor Road
|
Chigwell, Essex
|
£2,219,444
|
|
Swithland Lane
|
Rothley, Leicester
|
£2,024,000
|
|
Norsey Road
|
Billericay, Essex
|
£1,800,000
|
On the lettings side the most expensive street to rent in the UK is Albion Street in Bayswater, West London, here properties on average are renting for £20,857 per month. This is followed by Pavilion Road in Knightsbridge, where you can rent a property for £15,251 on average per month. Duke Street in Mayfair has taken the third spot for the most expensive street to rent, where you can expect to pay on average £14,441 per month.
Outside of London, the most expensive street to rent is London Road in Ascot, Berkshire, where on average a property is rented for £6,831 per month. Manor Road in Chigwell, Essex is the second most expensive street to rent this year, with an average monthly rent of £4,311. Deansgate in Manchester follows closely behind where you will find properties costing around £3,766 per month on average.
The most expensive streets to rent in London
|
Street
|
Borough
|
Average rent per month
|
|
Albion Street
|
Bayswater
|
£20,857
|
|
Pavilion Road
|
Knightsbridge
|
£15,251
|
|
Duke Street
|
Mayfair
|
£14,441
|
|
Prince of Wales Terrace
|
Kensington
|
£13,734
|
|
Cheval Place
|
Knightsbridge
|
£13,611
|
The most expensive streets to rent outside of London
|
Street
|
Town, County
|
Average rent per month
|
|
London Road
|
Ascot, Berkshire
|
£6,831
|
|
Manor Road
|
Chigwell, Essex
|
£4,311
|
|
Deansgate
|
Manchester
|
£3,766
|
|
Holloway Drive
|
Virginia Water, Surrey
|
£2,986
|
|
Ingrave Road
|
Brentwood, Essex
|
£2,898
|
Rightmove’s property expert Tim Bannister says: “London’s status as the hub of luxury property in the UK remains unchallenged, with Buckingham Gate in Westminster commanding the highest average asking price. Although the possibility of buying one of these homes is limited to a very lucky few, there’s clearly a fascination with these prestigious homes as we find they’re often among our most viewed properties on Rightmove.”