Entry intercoms, electric gates, immaculate lawns and clipped hedges – all of these usually point to a highly desired and wealthy street. But research released today has revealed which ones can claim to top the list of the UK’s most expensive.
The costliest is Wycombe Square (pictured), a ‘new’ square of 19 luxury Georgian townhouses and 48 apartments all snapped up by a raft of bankers and pop musicians back in 2005.
The square, which is set around a central garden, has regularly been in the newspapers as various high profile residents have bought in and out of the postcode, particularly when senior Barclays investment chief Bob Diamond purchased his house there for £10.5 million in 2005, only to sell it for £25 million in 2008. At the time Diamond had been hired by London mayor Boris Johnson to raise money for the capital’s deprived teenagers.
The average price for a home on the square, the research by Halifax reveals, is a more modest £5.4 million, but that puts it at the top of the UK’s rich-list property pile, closely followed by exclusively London and South East roads. These include:
1. Wycombe Square, Kensington,London W8 – £5.4m
2. Ingram Avenue, Hampstead, London NW11 – £4.8m
3. Cottesmore Gardens, Kensington, London W8 – £4.2m
4. Mallord Street, Kensington, London SW3 – £3.9m
5. Stormont Road, Highgate, London, N64 – £3.37m
6. Brunswick Gardens, London, W8 – £3.08m
7. Bedford Gardens, Kensington, London, W8 – £2.9m
8. Sloane Gardens, Kensington, London, SW1 – £2.7m
9. Parkside, Wimbledon, London, SW19 – £2.68m
10 Paultons Square, Kensington, London, SW3 – £2.66m
Outside of the top ten only roads in Leatherhead, Virginia Water and Sevenoaks were in the next ten most expensive, and the dearest roads in the north and north west of England are still five times cheaper than their counterparts down south – particularly when compared to the London Borough of Kensington Chelsea.
“This borough has long had a global appeal, but the fall in the value of the pound has helped to attract foreign buyers over the past year despite the worldwide recession,” says Nitesh Patel of the Halifax.
Tags: alfred reynolds, interesting properties, sir norman foster, unique properties
