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Britain's most expensive street revealed

Monday 1st July 2013

There are now 8,230 streets in Britain with homes worth £1 million plus, but what is the most expensive street?

Kensington Palace Gardens, otherwise known as ‘boulevard of billionaires’, home to Leonard Blavatnik, the second wealthiest man in the UK, has once again been named as Britain’s most expensive place to live, with the average home there costing £36.1 million, according to the Zoopla Property Rich List 2013.

“Even lottery winners can only fantasize about owning a home on streets like Kensington Palace Gardens and The Boltons [also in South Kensington],” said Lawrence Hall, the head of communications at Zoopla.

Meanwhile, a house in The Boltons, formerly home to Madonna, will set you back around £ 23.4 million.

Unsurprisingly to those familiar with the English capital, London is home to all 20 of the country's most expensive streets.

Hall added: "Property values in these super-prime areas are astronomically high and have risen substantially over the past year. Only the super-wealthy can entertain the notion of living on the most expensive streets and they are paying as much for the address and location as they are for the size and quality of the property.”

Zoopla has also named Kensington as the most expensive neighbourhood, with floor space the size of an average doormat worth £3,586 in the area.

Rising home prices, particularly at the prime end of the market, created 77,894 new property millionaires in the last year, said Zoopla.

There are now 323,684 homes worth £1 million+ in Britain, up 32% from 2012,

Virginia Water in Surrey was top of the list of most expensive towns, with an average property value of just over £1 million. It was followed by Cobham, also in Surrey, and Beaconsfield in Buckinghamshire.

Altrincham, Poole and Harrogate were among those with the most expensive streets on a regional level.

              

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