The latest research from Lloyds Bank has crowned Grosvenor Crescent in Belgravia as the most expensive residential street in England and Wales.

According to the findings, an average property on this street costs more than £16.9 million. Belgravia is also home to two more streets in the top five, making it the wealthiest district in the whole of the UK.

The second most expensive street – with an average property value of £16.7 million – was Ilchester Place in Holland Park.

All six of the most expensive streets in England and Wales are based in Prime Central London, with all located in the prime residential areas of Kensington and Chelsea and the City of Westminster and all with an average price of more than £10 million.

Eaton Square, 2017’s most expensive street, was relegated to third place in the latest list after its average price dropped from £17 million to just under £13.6 million.

Elsewhere, seven of the top 20 most expensive streets were based in Surrey, with Weybridge and Leatherhead particularly prominent. Homes in Oxford and the exclusive Sandbanks area of Poole also made the top 20. 

The research also found that there is a million pound street in all 73 regions of England and Wales, with the most expensive streets outside of London and the South East found in or around Poole, Cheshire and Yorkshire and the Humber.

“The prime London boroughs of Westminster and Kensington and Chelsea continue to reign supreme with Britain’s most expensive streets,” Andrew Mason, mortgage products director at Lloyds Bank, commented.

“Six addresses in the two boroughs come with a price tag of over £10 million with the top two over £16 million,” he added. “As expected, addresses in London and the South East top the list of most expensive places to live. Our research shows that all other regions have at least one £1 million street.”