£21 million to live on UK’s most expensive street

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. 

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).