Kensington Palace Gardens is UK’s most expensive street

There are 8,230 million pound streets in Britain and London’s Kensington Palace Gardens is the most expensive among them, a recent research has found.

The research, conducted by property website Zoopla, shows that over the last year,  a range of million pound streets have increased by 23%.

The average price of a house in Kensington Palace, home to Leonard Blavatnik, the second wealthiest man in UK, is £36,066,148 –  156 times more than the value of the average home in the country.

The other nine most expensive streets of Britain are in London as well. These include The Boltons, where the average price of a house is £23,375,758, Grosvenor Crescent (£19,768,963), Courteney Avenue (£10,750,336), Compton Avenue at (£10,006,014), Frognal Way at (£9,513,716), Park Place Villas (£8,980,477) and Montrose Place (£8,980,468).

London has the highest number of £1 million streets with 2,789, ranked highest amoung them is Richmond with 184, Guildford (118), Mitcham (100), Leatherhead (96), Beaconsfield (89), Harpenden (84) and Esher (83).

The properties worth more than £1 million have been propelled to 323,684 in UK, up 32% from 245,790 a year ago, the research showed.

Outside London, the most expensive area in Britain is Virginia Water in Surrey, where the average property value is £1,034,368. Also Surrey’s village Cobham is the second most expensive place outside capital with an average property price of £842,806.

Football filled Chelsea takes third place with an average house price of £1,822,560.West Brompton and Notting Hill, where the average house price is £1,497,783 and £1,422,262 respectively, were ranked fourth and fifth respectively by the research.

For more information on the global property market, head to MIPIM March 11-14, 2014 in Cannes. Contact EAS for the best in meeting space, special events, hotels, rental apartments, luxury accommodation, marketing and event management. For further information, click here.