Britain’s most expensive street, Kensington Palace Gardens, is often dubbed ‘Billionaires’ Row’ where the average property costs £18 million. Overall, average house prices in Kensington now top £1.5 million, up 9.4% (£134,000) from just one year ago.
Prices in the capital have recovered well in the past 12 months and are now well up from the 2008 lows. Virginia Water in Surrey, where the average property is now worth £920,000, is the only area outside London to make the Top 10 Most Expensive Postcodes.
Four other areas in the country are ‘Million Pound Postcodes’ – SW7 (South Kensington) and SW3 (Chelsea) where average house prices are just under £1.3 million, W11 (Notting Hill) with an average of £1.2 million and SW10 (West Brompton) where the average property will costs just over £1 million.
Beyond the capital, the most expensive areas to live in are Windsor and Maidenhead, South Gloucestershire and Surrey; North East Lincolnshire and Hartlepool are Britain’s least expensive areas, say Zoopla.co.uk.
Most expensive postcodes and average house prices
1. W8 (Kensington)
£1,553,770
2, SW3 (Chelsea)
£1,292,193
3. SW7 (South Kensington)
£1,285,834
4. W11 (Notting Hill)
£1,093,591
5. SW10 (West Brompton)
£1,019,443
6. GU25 (Virginia Water)
£920,138
7. SW13 (Barnes)
£893,884
8. NW3 (Hampstead)
£881,392
9. NW8 (St John’s Wood)
£831,362
10. SW5 (Earl’s Court)
£782,518
Top 10 Most Expensive Streets
1. Kensington Palace Gardens, W8
£18,236,243
2. The Boltons, London SW10
£10,738,899
3. Frognal Way, London NW3
£10,372,022
4. Compton Avenue, London N6
£7,034,621
5. Courtenay Avenue, London N6
£6,724,397
6. Cottesmore Gardens, London W8
£6,241,219
7. Victoria Road, London W8
£5,814,461
8. Park Place Villas, London W2
£5,791,165
9. Mulberry Walk, London SW3
£5,713,701
10. Carlyle Square, London SW3
£5,644,362
Source: Zoopla.co.uk
