Thu. May 19th, 2022

Ten streets in London are ranked as one of the most expensive postcodes in the country as new analysis finds that there are almost 1,800 more streets across the UK where the average home is valued at £ 1 million plus compared to a year ago.

Around 11,673 streets in September 2021 had an average property price of £ 1 million or more, which was 1,782 more than the streets of £ 9,891 million in September 2020, Zoopla said.

The south-east of England accounts for about half of the increase, with 942 million pounds of streets being created over the past year, compared to 262 in London.

As part of the research, Zoopla has compiled the 10 most expensive streets with postcodes in the UK, and all are in London.

Shopper: Kensington Gardens - PA company profileKensington Gardens – PA

Kensington Gardens has once again been ranked as the most expensive postcode in the country with a ridiculous average house price of £ 29,898,000.

But towards south London, Carlyle Square ranks high in SW3 (number 10) with an average house price of £ 9,800,000, just like Manresa Road, also in SW3 (number six) with an average price of £ 11,181,000.

Grosvenor Crescent, SW1X, near Buckingham Palace (number three) has an average house price of £ 17,212,000.

The Boltons come in at number five with £ 14,223,000.

The downsizing of a stamp holiday in the summer caused a rush of buyers to snatch up homes. The holiday ended completely from October 1st.

Many people have also been looking for larger properties with more space as they make lifestyle changes as a result of the coronavirus pandemic.

Grainne Gilmore, head of research at Zoopla, said: “London comes out on top when it comes to the UK’s primary markets, but the wider commuter zone in the South East is also home to some of the highest value addresses, reflecting the size and type of housing stock in these regions. ”

Aside from London, Titlarks Hill (postcode SL5) in Ascot, Berkshire, was identified as the most expensive street in the UK, with the average home set at £ 8.4 million.

Some postal cities outside London also have clusters of million-pound streets.

Zoopla spoke 176 at Guildford in Surrey, 137 at Reading in Berkshire, 133 at Sevenoaks in Kent, 115 at Harpenden in Hertfordshire, 105 at Altrincham in Greater Manchester and 98 at Henley-on-Thames in Oxfordshire.

This is comparable to just nine million pound streets found throughout Wales.

In total, London registered 4.544 million pounds of streets in September 2021.

And here are the UK’s top 10 most expensive streets with postcodes according to Zoopla, all in London, and the average house price:

1. Kensington Palace Gardens (W8), £ 29,898,000

2. Courtenay Avenue (N6), £ 19,440,000

Grosvenor Crescent (SW1X), £ 17,212,000

4. Ilchester Place (W14), £ 15,220,000

5. Boltons (SW10), £ 14,223,000

6. Manresa Road (SW3), £ 11,181,000

7. Frognal Way (NW3), £ 11,118,000

8. Compton Avenue (N6), £ 10,237,000

9. Cottesmore Gardens (W8), $ 9,971,000

10. Carlyle Square (SW3), £ 9,800,000

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