Homes on UK’s most expensive road in Belgravia cost £33m in 2018

A tale of two streets! Homes on UK’s most expensive road in Belgravia cost £33m… that’s 2,000 times the price on cheapest in Stockton-on-Tees at £16,500

  • The most expensive roads in the country for 2018 have been revealed as new Land Registry figures came out
  • London’s upmarket boroughs of Westminster and Kensington dominated list of dearest places to buy a home
  • Stats for homes sold during 2018 showed average property in Belgravia’s Grosvenor Crescent sold for £33m
  • Cheapest road in England and Wales was Harrowgate Lane, Stockton-on-Tees, with average price of £16,500

The most expensive roads in the country for 2018 have been revealed, with homes in one street in an exclusive area of London costing an eye-watering £33million.

New figures released by the Land Registry show how the capital’s upmarket boroughs of Westminster and Kensington dominate the list of dearest places to live in England and Wales.

Statistics for homes sold during 2018 showed that a property in Belgravia’s Grosvenor Crescent, which is a stone’s throw away from Buckingham Palace and Hyde Park Corner, went for £33,121,000.

The figure puts it in to a clear lead of other entries to the top ten most expensive, with homes in second-placed Avenue Road in City of Westminster selling for £17,350,000.

Records also show the cheapest roads based on sales made last year, with properties in Harrowgate Lane, Stockton-on-Tees going for an average of £16,415.

It means that a home on the road, located on the edge of the market town in County Durham, is about 2,000 times more affordable than a home in Grosvenor Crescent.

Land Registry’s 2018 figures reveal that there were 1,246 roads throughout England and Wales where the average price of a home was above £1million.  

1. Grosvenor Crescent, City of Westminster – £33,121,000. The road is a stone’s throw away from Buckingham Palace and Hyde Park Corner, placing it within one of the most expensive areas to live in the country

2. Avenue Road, City of Westminster – £17,350,000. The street is within walking distance of Regent’s Park and Primrose Hill, as well as Lord’s Cricket Ground

3. Paddington Street, City of Westminster – £12,000,000. Situated in the heart of Marylebone, this road is a short walk from the Chiltern Firehouse, one of London’s hottest celebrity hangouts

4. Ashburton Place, City of Westminster – £8,250,000. An exclusive enclave just off of Piccadilly, this road is within a minute’s walk of Green Park and The Ritz, not to mention dozens of high-end stores, eateries and luxury hotels

5. Wellington Square, Kensington and Chelsea – £8,000,000. This exclusive square is just off the King’s Road, meaning it is within walking distance of a plethora of trendy nightspots favoured by celebrities such as the Made in Chelsea stars

6. Campden Hill, Kensington and Chelsea – £7,015,000. This quiet road is found in the heart of Kensington and is located next to the picturesque Holland Park, making it a trendy area to live for high-flying couples with young families

7. Victoria Road, Kensington and Chelsea – £6,784,000. The road is found off Kensington High Street and is nestled among embassies and boutique shops, with Kensington Palace a five minutes’ walk away

8. Palace Gardens, Kensington and Chelsea – £6,512,500. One of the most exclusive roads in London, the gated entrance hides the few mammoth mansions located in the distance, with the homes sitting directly next to Kensington Palace

9. Davies Street, City of Westminster – £6,500,000. Situated in the heart of Mayfair, an affluent area in the West End of London towards the eastern edge of Hyde Park, this road is a short walk from Baker Street Underground station

10. Chelsea Park Gardens, Kensington and Chelsea – £6,375,000. This road is another on the list to be found just off the King’s Road. It was originally part of the Sloane Stanley estate and houses in the road were built after the First World War

1. Harrowgate Lane, Stockton-on-Tees – £16,415. A home in the road, located on the edge of the market town in County Durham, is about 2,000 times more affordable than a home in Grosvenor Crescent

2. Fourth Street, Peterlee, County Durham – £18,500. 

3. Piccadilly Road, Burnley – £19,250

4. Baker Street, Burnley – £20,250

5. Uppingham Street, Hartlepool – £20,250

6. Bessemer Street, Ferryhill, County Durham – £20,500

7. Fifth Street, Peterlee, County Durham – £20,800

8. Tenth Street, Peterlee, County Durham – £21,000

9. Eighth Street, Peterlee, County Durham – £21,500

10. Newton Street, Ferryhill, County Durham – £21,975

The top ten most and least expensive roads in 2018

MOST EXPENSIVE

1. Grosvenor Crescent, City of Westminster – £33,121,000

2. Avenue Road, City of Westminster – £17,350,000

3. Paddington Street, City of Westminster – £12,000,000

4. Ashburton Place, City of Westminster – £8,250,000

5. Wellington Square, Kensington and Chelsea – £8,000,000

6. Campden Hill, Kensington and Chelsea – £7,015,000

7. Victoria Road, Kensington and Chelsea – £6,784,000

8. Palace Gardens, Kensington and Chelsea – £6,512,500

9. Davies Street, City of Westminster – £6,500,000

10. Chelsea Park Gardens, Ken. and Chelsea – £6,375,000

LEAST EXPENSIVE

1. Harrowgate Lane, Stockton-on-Tees – £16,415

2. Fourth Street, Peterlee, County Durham – £18,500

3. Piccadilly Road, Burnley – £19,250

4. Baker Street, Burnley – £20,250

5. Uppingham Street, Hartlepool – £20,250

6. Bessemer Street, Ferryhill, County Durham – £20,500

7. Fifth Street, Peterlee, County Durham – £20,800

8. Tenth Street, Peterlee, County Durham – £21,000

9. Eighth Street, Peterlee, County Durham – £21,500

10. Newton Street, Ferryhill, County Durham – £21,975

 

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