Property investors looking for London streets paved with gold should look no further than Ilchester Place in the capital’s plush Holland Park neighbourhood.
While the average house changes hands for £275,000, a home on the country’s most expensive street sells for £17.2 million, according to research by Lloyds Bank.
Residents and former residents include A-list celebrities like singer Robbie Williams, Led Zeppelin guitarist Jimmy Page, David and Victoria Beckham, and The X-Factor’s Simon Cowell.
Slightly cheaper is Princes Gate, Westminster, where homes come with a £17.1 million price tag.
The neighbourhood has views over Hyde Park and borders Kensington and Buckingham Palace.
The bank’s research places 10 of the country’s 20 most fashionable and expensive streets in London.
Outside the capital, Oxford’s Charlbury Road has the most expensive homes – averaging £5.2 million each.
More than 80 English neighbourhoods have a street where houses are worth £1 million or more, while Wales has none, although properties in Channel View, Swansea, have an average value of £900,000.
Meanwhile, separate research by property portal Rightmove predicts the price of homes will rise by 2% or more in 2020 thanks to the Tories winning Election 2019 and Brexit uncertainty subsiding.
Rightmove director and housing market analyst Miles Shipside said: “The greater certainty afforded by a majority government gives an opportunity for a more active spring moving season, with some release of several years of pent-up demand.
“Given the Brexit track record to date, further political twists and turns should not be ruled out, though with a large majority there is a higher possibility of an end to the series of Brexit deadlines, and the prospect of an orderly resolution.
“Rightmove measures the prices of 95% of property coming to market, and we predict that buyers and sellers will on average see a 2% rise in those prices by the end of 2020.”
