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NEWS Here’s what the first new-build for over a century on Britain’s most expensive street, Kensington Palace Gardens, will look like. Designed by Colwyn Foulkes & Partners and revealed on PrimeResi back in Millionaires’ Rows 2014: Britain’s most expensive streets, towns and areas The value of Britain’s most expensive streets is rising at nearly twice the national average, meaning that the number of “property millionaires” – with homes worth more than £1m – is nearly 50% higher than it was last year. Property prices on the the UK’s ten most expensive streets have increased by 12.9% over the last 12 months, while Zoopla’s stats show a national average price rise of 6.6% over the same period. The portal’s annual Property Richlist shows that there are now 484,081 £1m+ homeowners in Britain – up 49% on last year – and that there are 10,613 streets in Britain with an average property value of £1m+, up 29% on 2013. 3,744 of those “Millionaires’ Rows” – just shy of a third of the total and all the top 20 – are in London. 12 streets claim an average house prices over £10m. Kensington Palace Gardens again tops the table, with an average price of £42,730,760 (62 times the £263,705 value of the average British home, says Zoopla). The Boltons in SW10 takes second place with average house prices standing at £26,570,341, and Grosvenor Crescent in SW1 rounds out the top three with average property prices of £22,293,470. Outside of the capital, the most expensive street in Britain is Sunninghill Road in Surrey, where the average home is currently worth £5,605,067. The two most expensive towns outside London are both in Surrey, with average house prices in Virginia Water at £1,186,262 and Cobham at £1,003,400. W8 (Kensington) remains London’s most pricey postcode, with average property prices in the area of £2.78m. Neighbouring SW7 (Knightsbridge), the next most expensive area in the capital, has average values of £2.48m, while property values in third-placed SW3 (Chelsea) stand at £2.37m. The rest of the top 10 is dominated by areas in South West, West and North West London. Q p.6 this is just a small selection of highlights from August’s news on PrimeResi.com read the full stories here: www.primeresi.com/the-market
Britain’s Top 10 Most Expensive Streets 1. Kensington Palace Grdns, London W8 2. The Boltons, London SW10 3. Grosvenor Crescent, London SW1X 4. Courtenay Avenue, London N6 5. Ilchester Place, London W14 6. Frognal Way, London NW3 7. Carlyle Square, London SW3 8. Montrose Place, London SW1X 9. Cottesmore Gardens, London W8 10. Manresa Road, London SW3 Average Property Value £42,730,706 £26,570,341 £22,293,470 £16,877,746 £11,853,515 £10,974,043 £10,846,481 £10,683,611 £10,631,829 £10,362,420 Annual % Increase 12.11% 13.64% 12.43% 13.67% 16.02% 8.38% 14.14% 12.43% 12.11% 14.14% Britain’s Top 10 Most Expensive Towns 1. Virginia Water, Surrey 2. Cobham, Surrey 3. Keston, London 4. Esher, Surrey 5. Richmond, Surrey 6. Beaconsfield, Buckinghamshire 7. Chalfont St. Giles, Buckinghamshire 8. Gerrards Cross, Buckinghamshire 9. Radlett, Hertfordshire 10. Weybridge, Surrey Average Property Value £1,186,262 £1,003,400 £947,955 £931,669 £906,770 £897,872 £836,434 £815,222 £794,569 £785,400 Annual % Increase 5.91% 6.94% 10.81% 10.08% 12.47% 4.79% 0.47% 9.38% 14.21% 6.96% Source: Zoopla.co.uk this is just a small selection of highlights from August’s news on PrimeResi.com read the full stories here: www.primeresi.com/news p.7
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