Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The street in which Oscar Wilde lived when he wrote The Picture of Dorian Gray has been named the most expensive street in England and Wales, with houses costing on average £28.9m.
Halifax named Tite Street in Kensington and Chelsea the priciest address in 2021, adding that the top 10 most expensive streets were all located in London.
In fact, most of the streets can be found in Westminster or the borough of Kensington and Chelsea. A blue plaque marking the home where Wilde once lived was erected in 1954, more than 50 years after his death.
However, despite the average property on Tite Street being priced at just under £30m, this is five per cent lower than the £30.5m recorded for the most expensive street last year, which was Avenue Road in St John’s Wood, London.
According to the mortgage lender, the second most expensive street this year is Phillimore Gardens, near Kensington and Holland Park, with the average property price of more than £25m. Mayfair’s South Audley Street takes third place with houses costing more than £22m on average.
Halifax added that the South East of England also boasts some of the most expensive roads, such as South Ridge and East Road in Weybridge, with average house prices of over £7m and £6.8m respectively.
Outside the capital, the most desirable streets have seen prices rise at a faster rate than London as the pandemic pushed more people out of big cities in favour of bigger homes in more rural areas.
The average price of property on one of the 10 most expensive streets in the north of England and the West Midlands rose by 11 per cent in a year, said Halifax.
Prices in the North West typically increased by five per cent, followed by the East Midlands with a rise of four per cent. In comparison, London only saw a one per cent rise.
At the other end of the scale, prices of homes on streets in the South West fell by 15 per cent, while in East Anglia the average price dropped by five per cent.
Esther Dijkstra, mortgage director at Lloyds Bank, said: “London’s dominance of the top ten most expensive streets in the UK continues, with property prices on some of the most famous roads in the capital averaging £19m.
“Homes in the South East’s most expensive streets will set you back around £5.5m, and you’ll benefit from more rural locations all within commuting distance of the capital.
“However, much like house prices overall, homes in London have not experienced the same meteoric rise as other regions this year. Buyers with deeper pockets may be starting to look beyond the capital for their next grand home.”
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments