London’s Most Valuable Streets Revealed

The property boom might have given house prices in the UK a boost, but in London, the growth has been slower. However, with the average price in the capital still at around twice the national average at a little over £500,000, it shows that the city had its own rules when it comes to the property market.

The research by Country Life has revealed that Upper Phillimore Gardens in Kensington grabbed the top spot as London’s most expensive road to buy a house, with the average sold price peaking at £28 million. Second place with an average sold price of £22.5 million is The Boltons in Chelsea.

Grosvenor Square in Mayfair and Brompton Square in Knightsbridge followed, with average sold prices of £18.6 million and £17.8 million respectively, while property in Upper Grosvenor Street averaged at £17.5 million

Lygon Place, Mulberry Square, The Little Boltons, Egerton Crescent and Whistler Square also contended for a spot in the top 10 for the average sold price of homes in the current market.

Islay Robinson, CEO of Enness Global Mortgages, commented: “With so much being made about the exodus of the average London homeowner for greener pastures, you could be forgiven for thinking that the London real estate market must have shut up shop over the last year.

“Of course, this couldn’t be further from the truth and, in fact, the prime London market has seen quite a large degree of activity all things considered.”

In the last weeks, Address Property Consultants has helped clients to sell a very special off-market flat in Grosvenor Square (Mayfair), one of the largest deals to date this year. The past year we have also helped many other clients buy both on the market and off market in some of London most desirable locations.

If you’re looking for a residential property consultant in London, talk to us today.