A prime and super-prime London property portal has examined the capital’s most expensive roads for homes.
The portal, Vyomm, analysed Land Registry sale records over the last 12 months to find London’s most prestigious roads based on house sold prices.
Excluding anything with less than five transactions, Vyomm looked at the average sold prices across these roads to highlight the priciest London homes.
It found that Knightsbridge, an iconic street home to Harrods and a number of high-end designer stores, topped the list with an average sold price of more than £15.5 million.
One of prime central London's most high-profile destinations, the road sits within the City of Westminster, runs parallel to Hyde Park, is right beside Knightsbridge tube station, and saw 15 transactions over the last year with an average sold price of just under £16 million.
The second most expensive road was Ashburton Place in Mayfair, with an average sold price of £12.6 million. The small roadway between Clarges Street and Bolton Street is a stone's throw from Green Park station and Green Park itself, and also sits close to hip celeb hangouts like Nobu and Mahiki and a short walk from the glitz, grandeur and glamour of The Ritz.
Next up, in third spot, was Campden Hill in Kensington and Chelsea. Offering pedestrian access straight into Holland Park, the well-to-do road saw 27 transactions with an average sold price of £8.5 million in the last year.
Meanwhile, just a stone's throw down the road, Bedford Gardens – with an average sold price of £7.4 million – was the fourth most expensive road in London, while prestigious Eaton Square in Belgravia ranked as the fifth priciest street in the capital with average values of £7 million.
Burnsall Street, just off the famous King's Road and with an average sold price of £6.9 million, bagged sixth place, while Vyomm's research found that property along Lansdowne Road in Holland Park goes for an average of £6.5 million.
Marylebone High Street – one of the most up-and-coming parts of prime central London – was the next most expensive road for property, with an average sold price of £5.7 million, while Millbank on the bank of the Thames, home to MI5, Tate Britain and the Millbank Tower, took ninth spot with an average sold property value of 5.5 million. The top 10 was completed by Elgin Crescent in Kensington and Chelsea with an average sold price of £4.9 million.
All of the streets in the top 10 are found in either the City of Westminster or Kensington and Chelsea, the hugely dominant boroughs when it comes to prime and super-prime homes in the capital.
“Despite a fall in transactions and slower market conditions across the lower echelons of the market, London’s most prestigious locations continue to command a premium price tag,” Utsav Goenka, founder of Vyomm, said.
“As the pinnacle of high-end homeownership within the capital these roads are not only the most expensive in London but they remain some of the most sought-after amongst buyers, with a consistent number of sales completing despite strong Brexit headwinds.”
He added: “Regardless of what’s thrown at it, prime central London’s traditional property hunting grounds will always hold an appeal that far outweighs any temporary market upsets and as a result, property will continue to sell and for more than a pretty penny.”