Average house prices recorded in the neighbourhood topped £1.5 million, up 9.4% on a year ago according to property portal Zoopla.co.uk, which provides free value estimates for every home in the UK.
The most expensive street in Britain is Kensington Palace Gardens where the average property will set you back a cool £18 million. The property website said there are just shy of 2,000 streets in the UK where the average price of a house is more than £1 million, with the majority of these located in London. Guildford, Richmond and Leatherhead each had more than 40 streets with average house prices of more than a million.
Virginia Water in Surrey, where the average property is now worth £920,000, is the only area outside London to make the top 10 most expensive postcodes.
In addition to W8 (Kensington), only four other areas in the country can lay claim to being million pound postcodes – SW7 (Knightsbridge) and SW3 (Chelsea) where average house prices are just under £1.3 million, W11 (Notting Hill) where buying the average property will leave you with a few quid change from £1.2 million and SW10 (West Brompton) where the average pad will cost you just over £1 million.
Outside London, Windsor and Maidenhead were the most expensive areas where average property prices are now £393,000, followed by South Gloucestershire (£367,000) and Surrey (£348,000).
At the other end of the scale, North East Lincolnshire and Hartlepool lead the list of Britain’s least expensive areas with average house prices of under £120,000.
Nick Leeming, commercial director at Zoopla.co.uk said: “As a nation we’re obsessed with property values and our latest Property Rich List once again lifts the lid on the most exclusive places in the country to live. The past 12 months have seen house prices in the leading areas of the country rebound at a far faster rate than the average, contributing to a widening of the North-South divide.”
