The UK’s most expensive street has been revealed – and one is just minutes from Buckingham Palace.
Buckingham Gate in London – which is a stone’s throw away from the iconic royal residence – has taken the title of Britain’s most expensive street.
Other nearby neighbours include the Houses of Parliament and potential buyers will have to consider parting with a cool £9.6m to call it home.
The nearest London Underground stations are Victoria and St James’s Park – and the road is also home to a number of embassies including No.20 – High Commission of Eswatini, No. 60 – South Korean Embassy and No. 75-88 – Embassy of Macedonia.
If you fancy a bite to eat then there are some decent options including the Quilon Restaurant at No. 41, The Zander cocktail bar at No. 45 and Bongusto Italian restaurant at No. 75.
The next highest average asking price was found in Vicarage Gate in Holland Park in west London, at £6.3m.
As the pandemic made many consider living outside of the capital as offices became more likely to offer work from home options, property portal Rightmove, which revealed the UK’s most expensive streets, say searches for London property remain high.
The online property search tool revealed sales searches for London boroughs including Mayfair, St John’s Wood and Holland Park have increased this year, compared with a year ago.
Outside London, Old Avenue in Weybridge, Surrey, had the highest average asking price for properties in 2024 so far, at £2.6m, Rightmove found.
Tim Bannister, a property expert at Rightmove, said: “London’s status as the hub of luxury property in the UK remains unchallenged, with Buckingham Gate in Westminster commanding the highest average asking price.”
He added: “Although the possibility of buying one of these homes is limited to a very lucky few, there’s clearly a fascination with these prestigious homes as we find they’re often among our most viewed properties on Rightmove.”
Rightmove’s research was based on streets where there have been at least five properties for sale this year.
Meanwhile one in five first-time buyers in the UK don’t think they will be able to buy until at least their forties, new research has found.
A shocking 20 percent of Brits will be left without their own first home into their forties, a significant increase on the current average first-time buyer age (33).
Similarly around half (48 percent) of first-time buyers say their prospects of owning a home are further away than ever due to the ongoing cost-of-living crisis, research from Nationwide has found.
The research, a poll of 1,000 aspiring homeowners, found that more than eight in ten (84 percent) say that the cost-of-living has impacted their plans, with 49 percent having delayed them due to affordability concerns. A further six in ten (60 percent) are postponing their homeownership plans by up to three years.
Here is the full list, according to Rightmove:
The British streets with the highest price tags
1. Buckingham Gate, Westminster, £9,633,333
2. Vicarage Gate, Holland Park, £6,332,000
3. Park Road, St John’s Wood, £5,814,285
4. St John’s Wood Road, Maida Vale, £5,389,444
5. Cadogan Square, Knightsbridge, £4,834,500
