February 19, 2008 / 12:13 PM / 12 years ago

England's most expensive streets revealed

LONDON (Reuters) - Three small, exclusive areas of London dominate the rankings of the most expensive streets in England and Wales.

Three small, exclusive areas of London dominate the rankings of the most expensive streets in England and Wales. REUTERS/File

The highest property prices can be found in Courtenay Avenue in Highgate (postcode N6) where the average is more than 6.8 million pounds, according to the third annual survey by property Web site Mouseprice.net.

Other streets in the same area — five avenues between the Hampstead and Highgate golf courses — make up the first cluster of property hotspots.

Ingram Avenue ranks number 11, with an average property price of 5.16 million pounds, and Winnington Road comes in 17th place, with an average price-tag of 4.73 million pounds.

The Bishops Avenue and Compton Avenue, both in the same area, narrowly fail to make the top 20.

The second cluster of super-expensive properties is in the Borough of Kensington and Chelsea, just below South Kensington tube station and demarcated by the King’s Road to the south and Fulham Road to the north.

It includes Chelsea Square SW3, which ranks number two with an average house price of 6.44 million pounds, Manresa Road, third at 6.19 million pounds, Carlyle Square, sixth at 5.58 million pounds, The Vale, number eight at 5.44 million pounds and Mulberry Walk, in 15th place at 4.87 million pounds.

The third group of multi-million pound properties falls again in Kensington and Chelsea, but is situated south of Hyde Park on the western side of Gloucester Road and Palace Gate, between Kensington High Street and Gloucester Road tube stations.

The streets are: Eldon Road W8 (number seven at 5.51 million pounds), Albert Place (number 10 at 5.26 million pounds), Victoria Road (number 12 at 5.09 million pounds), Kensington Square (16th place at 4.83 million pounds), Douro Place (19th at 4.68 million pounds) and Cottesmore Gardens (number 20 at 4.66 million pounds).

“It is fascinating to see how the rankings of Britain’s most desirable places to live form such clear and distinct clusters,” said Zipporah Morrison Baker, of Mouseprice.net.

All top 20 most expensive streets in England and Wales are in London, but some roads in the southeast of England marginally fail to make the grade: several of the more exclusive streets of Weybridge and Virginia Water almost broke into the top 20 this year.

Around the regions, the east and northwest both now have streets with values of more than two million pounds.

In the West Midlands and Yorkshire, all top 10 streets now have average property values of over one million pounds, compared to eight and five out of 10 respectively last year.

The rankings are produced by the same company that is responsible for calculating the government’s official house price index, and takes in some 10 million properties.

Editing by Stephen Addison and Paul Casciato

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