Kensington Palace Gardens UK's most expensive street
By: Instyle Apartments
So, Britain is now home to 3,23,684 properties worth more than £1 million, showing an increase of more than 30 percent from what it was 245,790 some 12 months ago.
The survey also revealed that spiralling house prices, particularly premium property have led to the creation of 77,894 new property millionaires in the past one year.
Up on Million Streets
In London, the number of million pound streets increased 23 percent in the past one year and the laurels for most expensive neighbourhoods went to the London boroughs of Kensington and Knightsbridge.
Of the 8,230 million pounds streets in Britain, some 34 percent or 2,789, are located in London. All the top 20 most expensive streets are also in London with Kensington Palace Gardens retaining its position as Britain’
• London’s Expensive streets with average property values
1. Kensington Palace Gardens at £36,066,148
2. The Boltons at £23,375,758
3. Grosvenor Crescent at £19,768,963
4. Courteney Avenue at £10,750,336
5. Compton Avenue at £10,006,014
6. Frognal Way at £9,513,716
7. Park Place Villas at £8,980,477
8. Montrose Place at £8,980,468
The survey was conducted by a leading real estate research agency. Its surprising statement was that even the smallest floor space in Kensington even in the size of an average doormat was worth £3,586.
Place for Super Rich
According to a property analyst, even lottery winners cannot have a fantasy about owning a home on the streets like Kensington Palace Gardens and Boltons. Values in these super prime areas are high and rising further. Only the super rich can entertain the notion of living on these expensive streets and paying as much for the address and location as well as the size and quality of the property. The fact is you can magnificent mansions in other parts of the UK for a similar price tag attached to just average properties in Kensington.
32A Sussex Place, Hyde Park,