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Lloyds has revealed the UK’s most expensive streets of 2024, with Knightsbridge in London topping the list.
A home in the sought-after area – home to high-end boutiques and luxury hotels – will set buyers back a staggering £21.4 million.
Just over two miles away, Ilchester Place, located in the Holland Park area of Kensington, is in second place with an average price tag of £19.4 million. Rounding out the top three is Grosvenor Square (last year’s most expensive), one of the largest squares in London, where properties now cost an average £19 million.
London dominates the priciest streets list and those dreaming of owning a home on one of these will need deep pockets, with average prices now £16.5 million.
With the average UK house price at £356,925*, the most expensive properties in the country are almost 60 times more than a typical home.
Outside of the capital, East Road in Weybridge is the most expensive. The average home here comes in at just over £8 million, still a considerable price tag.
Wealthier buyers looking for an exclusive street in Wales would need around £1.3 million – the lowest ‘most expensive’ nation or region in the UK.
| Street name | Location | Postcode | Average house price 2019-2024 |
|---|---|---|---|
| Knightsbridge | London | SW1X | £21,409,000 |
| Ilchester Place | London | W14 | £19,387,000 |
| Grosvenor Square | London | W1K | £19,061,000 |
| Clarendon Road | London | W11 | £17,030,000 |
| Ashburton Place | London | W1J | £15,351,000 |
| Avenue Road | London | NW8 | £15,167,000 |
| Phillimore Gardens | London | W8 7 | £14,958,000 |
| Chelsea Square | London | SW3 | £14,666,000 |
| Grosvenor Crescent | London | SW1X | £13,942,000 |
| The Little Boltons | London | SW10 | £13,696,000 |
Source: Registry and Royal Mail (postcode). Based on crude average prices for the period between September 2019 and August 2024.
Amanda Bryden, Head of Mortgages, 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.”
Regional top prices
East Midlands
Croft Road in Nottingham is the most expensive street once again (£1,620,000). Warren Lane, Leicester (£1,563,000) also retains second spot. Golf Lane in Northampton (£1,512,000) is new in third place.
East of England
In the East of England, Park Avenue North, Harpenden, is now the most expensive street (£3,587,000), followed by Newlands Avenue in Radlett (£3,415,000). Last year’s first place Woodlands Road in Cambridge (£3,294,000) is now third.
North East
Ramside Park in Durham (£1,538,000) retains the top spot in the region. Runnymede Road (£1,440,000) and Westfield Drive (£1,340,000) both in Newcastle Upon Tyne make up second and third place.
North West
An all-new top three in the North West is made up of first and second places both in Altrincham – Barrow Lane (£2,914,000) and Broadway (£2,905,000). Fletsand Road in Wilmslow (£2,659,000) completes the top three.
Scotland
Queens Crescent in Auchterarder is Scotland’s most expensive postcode at nearly £3 million (£2,927,000), followed by Ann Street in Edinburgh (£1,807,000). Glasgow’s Elphinstone Road (£1,645,000) is in third place.
South East
East Road in Weybridge (£8,004,000) – which is also the most expensive area outside of London – retains first place in the South East. Camp End Road also in Weybridge (£6,120,000) is new in second place this year, followed by Spring Woods in Virginia Water (£5,485,000) who retains third place from last year.
South West
Brudenell Avenue in Poole (£3,062,000) is now the priciest in the region. Charlton Park Gate in Cheltenham (£2,829,000) last year’s third place moves up to second followed by Bury Road in Poole (£2,547,000).
Wales
Wales has some of the lowest most expensive properties in the UK. Benar Headland in Pwllheli (£1,345,000) is again the most expensive street in Wales, followed by Twyncyn in Dinas Powys (£1,185,000), In the Welsh capital of Cardiff, Llandennis Avenue has the priciest property price tag (£1,135,000) and the third most expensive across the whole of Wales.
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). Roman Road in Sutton Coldfield (£1,796,000) completes the list.
Yorkshire and The Humber
The most expensive street in the region is once again Manor House Lane, Leeds (£2,135,000), followed by Fulwith Mill Lane, Harrogate (£2,069,000), then Curly Hill, Ilkley (£1,662,000).
Source: Lloyds
Photo by Mehdi Faez on Pexels
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