Lloyds has revealed the UK’s most expensive streets of 2024, with Knightsbridge in London topping the list.
A home in Knightsbridge was found to set buyers back £21.4m on average.
Just over two miles away, Ilchester Place, located in the Holland Park area of Kensington, took second place, with an average price of £19.4m.
Rounding out the top three was Grosvenor Square, down from the top spot in last year’s study, where properties cost an average £19m.
All of the top 10 most expensive UK streets were found to be in London, with average prices of £16.5m across the list.
With the average UK house price at £356,925, according to Land Registry data, the most expensive properties in the country were found to be almost 60-times more than a typical home.
Outside of the capital, East Road in Weybridge was the most expensive, with an average of just over £8m.
Wealthier buyers looking for an exclusive street in Wales – with the lowest ‘most expensive’ nation or region in the UK – would need around £1.3m.
In the East Midlands, Croft Road in Nottingham was the most expensive street once again (£1,620,000), while Warren Lane, Leicester (£1,563,000) retained the second spot.
In the North East, Ramside Park in Durham (£1,538,000) was the top spot in the region, with Runnymede Road (£1,440,000) and Westfield Drive (£1,340,000) – both in Newcastle Upon Tyne – taking up second and third place.
In the North West, the first and second places were both in Altrincham – Barrow Lane (£2,914,000) and Broadway (£2,905,000).
In Scotland, Queens Crescent in Auchterarder was most expensive postcode at nearly £3m (£2,927,000), followed by Ann Street in Edinburgh (£1,807,000).
East Road in Weybridge (£8,004,000) – also the most expensive area outside of London – retained first place in the South East.
In the South West, Brudenell Avenue in Poole (£3,062,000) was the priciest in the region.
In Wales, Benar Headland in Pwllheli (£1,345,000) was again the most expensive street, followed by Twyncyn in Dinas Powys (£1,185,000)
In the West Midlands, Solihull has some of the most expensive houses in the West Midlands, topping the list is Bakers Lane (£1,948,000) closely followed by Rising Lane (£1,880,000).
In Yorkshire and The Humber, the most expensive street in the region was once again Manor House Lane, Leeds (£2,135,000).
Amanda Bryden, head of mortgages at Lloyds, said: “London’s dominance in the list of priciest streets underscores the city’s continued appeal and the resulting competitiveness at the very top end of the property market.
“However, at £21.4 million to buy a home, even those with the deepest pockets might baulk at the price.
“The cost of securing a prestigious address does vary across the country.
“For instance, living on the most expensive street in Wales means paying around £1.3 million, although still a significant amount.”
