It might seem an unlikely spot, but Reading has been named the town with Britain’s most expensive streets while a Surrey road commands an average of nearly £6million for a house.
Reading, a commuter hub, – while unable to compete with London and its concentration of mansions for the world’s super-rich – is nothing if not comfortably off.
It has the highest number of streets – 242 of them – where the average property is valued at more than one million pounds, say researchers.
This map shows where the ten most expensive streets are across the UK, excluding London
Most expensive of all is Ferry Lane, which boasts an average property price of £2,232,204, although this lies just outside the town itself.
Montrose Gardens, in Leatherhead, Surrey, tops the list outside of London, with an average property value reaching £5,923,253 - but this is down from £6,044,860 in 2017.
Phillippines Shaw close to Sevenoaks, Kent, is in second place, with an average value of £4,112,413, ahead of Robins Nest Hill, near to Hertford, Hertfordshire, in third place at £3,782,579.
A total of 91 per cent of streets with an average property price of £1million and above are found in the South, with 6,491 found in the South East.
| Rank | Town | Number of streets with an average property value of £1m or more |
|---|---|---|
| 1 | Reading | 242 |
| 2 | Guildford | 230 |
| 3 | Sevenoaks | 218 |
| 4 | Leatherhead | 206 |
| 5 | Farnham | 184 |
| 6 | Woking | 175 |
| 7 | Richmond | 170 |
| 8 | Esher | 155 |
| 9 | Maidenhead | 146 |
| 10 | Harpenden | 145 |
| Source: Zoopla |
Most expensive of all is Ferry Lane, which boasts an average property price of £2,232,204, although this lies just outside Reading itself
By contrast, Wales and Scotland have a lower number at 33 and 161 respectively. And the North East currently only has 97.
At the same time, 19 of the top 20 towns with the most £1million plus streets can all be found in the South, with the only exception being Manchester's Altrincham.
Excluding London, Reading in Berkshire takes the top towns spot with 242 streets, Guildford in Surrey is second with 230 followed by Sevenoaks in Kent with 218.
Lawrence Hall, from Zoopla, said: 'Despite London's property market continuing to plateau, its sheer desirability means that its most exclusive boroughs continue to dominate the list.
'While the capital may be home to the most expensive streets, it's the South East that takes the top spot for the highest volume of streets with an average value of £1million or more, perhaps due to the rising cost of London's commuter-belt areas.'
Formula One heiress Tamara Ecclestone lives at Kensington Palace Gardens
Its links with London and the riverside setting of some of Reading’s better streets account for the high property prices in the university town. The most expensive single street outside the capital is Montrose Gardens in Oxshott, Surrey, according to figures released by property market site Zoopla.
The leafy road – which is home to several Chelsea players because of its proximity to the club’s training ground in Cobham – commands average property prices of around £5,923,253.
However, this is a fall from £6,044,860 in 2017, showing that even some of the smartest streets are not escaping the property prices slump.
The unusually named Phillippines Shaw in Sevenoaks, Kent, came second with an average value of £4,112,413, beating Robins Nest Hill in Hertford (£3,782,579).
After Reading, other towns with high concentrations of expensive streets include Guildford – with 230 – and Sevenoaks with 218. All of the top ten were in the Home Counties, highlighting the north-south divide revealed in the Zoopla study.
Of the 17,289 streets in Britain where average property values exceed £1million, 6,491 (37.5 per cent) are in the south east and a further 5,843 (33.8 per cent) in Greater London.
In northern England, the most expensive streets are found in the suburbs of Manchester and Cheshire. Broadway in Altrincham is the most expensive street, with an average property price of £2,864,222. This is followed by Whitebam Road in Alderley Edge, where the average price is valued at £2,788,625.
Kensington Palace Gardens – with its properties commanding prices beyond £100million – retains its title as Britain’s most expensive street.
It has been named as the most expensive street in Britain every year for the past decade.
But not even the cachet of having Kensington Palace a stone’s throw away has protected this billionaire’s playground from being hit by the property market slump sweeping the country.
Since last year, average prices on the street have tumbled by more than £1.3million – over £3,500 a day - to £35,647,605 million, says Zoopla.
Lawrence Hall of Zoopla, said: ‘While the capital may be home to the most expensive streets, it’s the South East region that takes the top spot for the highest volume of streets with an average value of £1million or more, perhaps due to the rising cost of London’s commuter-belt areas.’
Zoopla's research revealed that the number of streets in Britain with homes valued at £1million or more has soared 20 per cent in the past year.
This six-bedroom house is in Sevenoaks (Kent), which is third in the separate list of towns with the highest number of streets that have an average property value of £1m-plus
| Rank | Street Name | Area | Average property value (£) | ||
|---|---|---|---|---|---|
| 1 | Kensington Palace Gardens, London W8 | London | £35,647,605 | ||
| 2 | Grosvenor Crescent, London SW1X | London | £21,738,111 | ||
| 3 | Courtenay Avenue, London N6 | London | £21,054,602 | ||
| 4 | The Boltons, London SW10 | London | £19,252,295 | ||
| 5 | Ilchester Place, London W14 | London | £15,235,846 | ||
| 6 | Compton Avenue, London N6 | London | £13,599,140 | ||
| 7 | Albemarle Street, London W1S | London | £11,906,934 | ||
| 8 | Cottesmore Gardens, London W8 | London | £11,869,602 | ||
| 9 | Frognal Way, London NW3 | London | £11,627,793 | ||
| 10 | Manresa Road, London SW3 | London | £11,271,556 | ||
| Source; Zoopla | |||||
Pictured: The top 10 most expensive streets in London, according to property website Zoopla
It is the latest evidence of Britain's growing number of property millionaires despite concerns about the health of the housing market amid stamp duty woes and Brexit uncertainty.
The rise of the £1million roads has seen an increase of 2,872 streets - or 19.92 per cent - compared to a year ago.
Residents in Kensington Palace Gardens include Formula One heiress Tamara Ecclestone, the daughter of billionaire Bernie Ecclestone, and the current Sultan of Brunei Hassanal Bolkiah.
This six-bedroom house is on London's Courtenay Avenue , which is the third most expensive street in the country
The Courtenay Avenue property is on the market with a price tag of £8,650,000 via estate agents Glentree
The mega mansions occupying this tree-line avenue in the heart of London tend to boast indoor swimming pools and car museums as standard.
The average price of a property in Kensington Palace Gardens currently stands at £35,647,605, having risen £12,848,077 during the past 10 years, according to Zoopla.
The Courtenay Avenue property has three floors , which include this spacious dining room that can cater for more than a dozen friends and family
This six-bedroom house is in London's Compton Avenue, which is in the sixth most expensive street in the country
The impressive Compton Avenue property is for sale for £9.5m via estate agents Oliver James
Outside entertainment area: The large garden includes a lawn area, patio and a swimming pool with a cover
However, it is the second year in a row that average values in the street have declined, down more than £1million annually.
All of the top 10 most expensive streets identified in the research are in London - where house prices tend to be higher.
However, values at the top end of the market have declined during the past 12 months as higher stamp duty and concerns about Brexit take their toll, with £4,605,215 being wiped off the total average house prices in the list of top 10 most expensive streets.
This includes the average price of a home in Kensington Palace Gardens, which has dropped £1,301,983 in value compared to this time last year.
Continuing increases in house prices around the rest of the country means that those who don't live near royalty or an heiress may still not be far from a street where the average house price exceeds £1million.
The Sevenoaks home is on the market for £2.95m via estate agents Hamptons International
The house is in a gated community and extends across 6,000 sq ft , with nearby woodland
This property for sale is in Lovelace Avenue, Solihull, which is eighth in the separate list of the top 10 most expensive streets by county
The unique Lovelace Avenue house is on the market for £1m via estate agents Simon Burt
The Lovelace Avenue property is Grade II listed and comes with four bedrooms and three bathrooms
hienalouca.com
https://hienalouca.com/2018/09/28/top-10-most-expensive-uk-streets-in-2018-revealed-by-zoopla/
Main photo article It might seem an unlikely spot, but Reading has been named the town with Britain’s most expensive streets while a Surrey road commands an average of nearly £6million for a house.
Reading, a commuter hub, – while unable to compete with London and its concentration of mansions for the world’s supe...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves Online news HienaLouca
https://i.dailymail.co.uk/1/2018/09/27/09/4579290-6206479-image-a-65_1538038540449.jpg
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