Came across an interesting story on the Evening Standard site today, you may come across it on your way home from work tonight. It shows research done by Zoopla.co.uk which states there are nearly 1,500 streets in London where the average property costs more than £1 million. Unsurprisingly Kensington has the most expensive postcode, that honour going to W8, with the average home costing nearly £1.6 million. The area is also home to the most expensive street, Kensignton Palace Gardens with the average house costing £18 million. Chelsea is the second most expensive postcode area, with homes averaging £1.3 million, followed by SW7 in Knightsbridge and W11 in Notting Hill, where homes sell for around £1.1 million. London accounts for nine out of the top 10 most expensive postcodes in the country.
Below, a typical house on Kensington Palace Gardens, the most expensive street in the UK.
Incidentally the total number of streets in Britain where the average house price is above seven figures is 1,995. Outside of London Guildford and Richmond have the highest, with 47 and and 44 respectively.