The most expensive streets in Britain have been revealed, with many of them meaning that you would have to be a billionaire to afford property there, not just a millionaire.
Eaton Square in London came out on top of the table, where purchasing a property would set you back £16 million. The square has been home to many famous people over the years, including the prime ministers Neville Chamberlain and Margaret Thatcher. It was also the base for two James Bond actors – Sean Connery and Roger Moore. Eaton Square has 2.5 hectares of its own private garden square, and many homes there sell for much more than the average. Currently, a seven bedroom home is on the market for an eye watering £55 million.
The square was built in the 19th century by the Grosvenor family and has grand homes and apartments with stunning Grade II listed white stucco facades.
With the exception of Poole, in Dorset, which comes in in tenth place, the rest of the top ten features streets in Kensington, Westminster or in the plush area of Weybridge, in Surrey. Grosvenor Crescent, Westminster, was the previous most expensive place to live, but has now been overtaken by Eaton Square.
Average house prices
According to the Land Registry, the average house price in the UK stands at £216, 674. The latest figures, which are based on house sales which have taken place from January 2011 to October 2016, after the financial crisis of 2007 and 2008. They should that every region in England and Wales has at least one million pound street.
Andrew Mason, mortgage director at Lloyds Bank, which carries out the research each year, said that the likes of Eaton Square as well as other prime central locations such as Kensington and Chelsea, and Westminster, had established reputations as exclusive addresses because of their historic legacy and their amenities.