Most expensive street revealed
Updated on 15 November 2008
The London borough of Kensington and Chelsea is home to the most expensive street in England and Wales with the average property there costing more than £4.6 million, figures have revealed.
Homes in The Vale in Kensington and Chelsea change hands for an average of £4,677,500 each, according to Halifax.
The London borough also accounts for 25 of the 50 most expensive streets in England and Wales, with prices driven up by demand from celebrities and wealthy foreigners.
Ingram Avenue in Barnet is the second most expensive street, with homes selling for around £4,465,000, followed by Cottesmore Gardens, also in Kensington and Chelsea, where they change hands for an average of £4.3 million.
Five of the nine streets where the average house price is between £3 million and £4 million are also in Kensington and Chelsea.
Martin Ellis, chief economist at Halifax, said: "Chelsea and Kensington have some of the most expensive streets in England and Wales.
"The Royal Borough has been a highly fashionable area to live in since the Swinging Sixties. In recent years, its prime location in central London has attracted affluent celebrities and ultra wealthy foreign businessmen helping to drive up house prices."
Panorama Road in Poole is the most expensive street outside of London, with the average home there costing £4,158,333, followed by East Road in Weybridge in Surrey at £2.8 million and Kings Warren in Leatherhead at £2.77 million.
Cheshire is home to the most expensive street outside of southern England, with homes in Congleton Road in Alderley Edge selling for an average of £1,684,166.
Kent Road in Harrogate is the second most expensive address in the North, as well as being the most expensive location in Yorkshire and the Humber, with properties costing around £1.17 million.
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