Housing platform Rightmove ran the numbers on the priciest locations to rent and buy in the UK.
A rental squeeze and high mortgage rates have led to an affordability crisis in the market over the last year. But these houses represent the top end of that — and some of the most coveted locations in Britain.
London has been split out from the rest of the country due to its higher than average property prices, otherwise it would dominate the top 10 list.
“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,” said Rightmove’s Tim Bannister.
Most expensive streets in London
Rightmove’s analysis found that sales searches for prestigious London boroughs are up, with areas such as Mayfair (up 35% year-on-year), St John’s Wood (up 15% year-on-year) and Holland Park (up 11% year on year) all seeing an increase in sales searches.
Read more: Best UK mortgage deals of the week
Famously home to royalty, Buckingham Gate in Westminster topped the list for London, with an average asking price of £9.6m.
Here are some homes currently on the market in the most expensive streets:
Buckingham Gate, Westminster, £45m
For a cool £45m you can bag this nine bedroom house in Buckingham Gate where the average asking price is £9.6m.
Vicarage Gate, Holland Park, £5m
This four-bedroom maisonette set over three floors of a Victorian building is in one of London’s most sought-after addresses where the asking prices average £6.3m.
Park Road, St John’s Wood, £10.95m
This five-bed penthouse apartment has views of Regents Park and beyond. It’s located in Beverly House which is regarded as one of the most prestigious buildings in St Johns Wood, where the average asking price is £5.8m.
With views of Lord’s Cricket Ground and the London city skyline this four-bedroom penthouse apartment is located in sought-after Maida Vale where asking prices average £5.3m.
Cadogan Square, Knightsbridge, £17,5m
This Grade II listed house was built in 1889. Its late Victorian design shows elements of Arts and Crafts, with mullioned and transomed windows, and bays stretching over several storeys. Within, much of the original panelling, fireplaces, and moulding remains. The seven-bed house is found in Knightsbridge, home of famous upscale department store Harrods, where the average asking price is £4.8m.
On the lettings side the most expensive street to rent in the UK is Albion Street in Bayswater, West London, here properties on average are renting for £20,857 per month.
This is followed by Pavilion Road in Knightsbridge, where you can rent a property for £15,251 on average per month. Duke Street in Mayfair has taken the third spot for the most expensive street to rent, where you can expect to pay on average £14,441 per month.
Most expensive streets outside of London
Across the country Surrey came out top for average home prices. However, even the top of of the chart outside the capital didn’t reach as much as the tenth street on the list for London.
Some streets across the country that play host to the coveted dwellings include Old Avenue, Weybridge, Surrey, where the average asking price £2.6m, The Ridgeway, Cuffley, Hertfordshire (£2.2m), Manor Road, Chigwell, Essex (£2.2m), Swithland Lane, Rothley, Leicester (£2m), and Norsey Road, Billericay, (£1.8m)
As for renting, outside of London, the most expensive street to let is London Road in Ascot, Berkshire, where on average a property is rented for £6,831 per month.
Manor Road in Chigwell, Essex is the second most expensive street to rent this year, with an average monthly rent of £4,311. Deansgate in Manchester follows closely behind where you will find properties costing around £3,766 per month on average.
Watch: How much money do I need to buy a house?
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