London's most expensive street revealed: Knightsbridge is top of property rich list with average property prices of £15.6 million

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With Harrods food hall as its corner shop and the Mandarin Oriental hotel bar as its local, it’s little wonder that Knightsbridge has been revealed as the most expensive London street on which to buy a home.

Even nipping out for a pint of milk is a gilded experience along this wealthy thoroughfare, thanks to its collection of grand embassies, five-star hotels and designer boutiques selling luxury watches and multi-million pound Ferraris.

Now, a new report from prime property portal Vyomm has revealed Knightsbridge, which runs from the corner of Sloane Street to Hyde Park Corner, as the most expensive residential street in the capital.

According to Land Registry, average sold house prices reached £15.6 million last year, more than 33 times more than the cost of an average London home.

In the same borough, a brand new street created by a new Mayfair housing development became the second most expensive in London. Twenty-one of the 34 super-prime apartments in the luxury block sold for an average price of £12.6 million.

The new building, Clarges, fronts onto historic Piccadilly, opposite Green Park.

But properties in the building are registered at the small new street formed at the back of the building – Ashburton Place.

The first new street in Mayfair for over 15 years, Ashburton Place achieved the remarkable feat of becoming the second most expensive street in the capital within 18 months of its opening in late 2017. It was developed by British Land.

£6,904,600: the average price of homes sold on Burnsall Street in Chelsea
Alamy Stock Photo

Kensington and Chelsea, London’s most expensive borough, is home to the city’s third most expensive street – Campden Hill, which offers direct access to Holland Park. Average sold price was £8.5 million.

A couple of streets away, Bedford Gardens is fourth on the list with an average sold price of £7.4 million.

Robbie Williams, Jimmy Page, David and Victoria Beckham and Simon Cowell all live in the exclusive enclave.

Eaton Square in Belgravia; Burnsall Street off King’s Road; Lansdowne Road, also in Holland Park; much-loved Marylebone High Street; Millbank, home to Tate Britain; and Elgin Crescent – the only road on the list with house prices below £5 million – made up the rest of the property rich list.

“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.

“As the pinnacle of high-end home ownership within the capital, these roads are not only the most expensive in London, they also remain some of the most sought-after among buyers, with a consistent number of sales completing despite strong Brexit headwinds,” said Utsav Goenka, founder of Vyomm.com.

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