Tuesday, August 16, 2011

Most Expensive Streets in the UK

A property research website called Mouseprice.com recently compiled its data concerning the most expensive streets in the United Kingdom after researching average property values. The top 5 most expensive streets in the United Kingdom are Kensington SquareChelsea SquarePortnall RiseRavenscroft Road, and Park Avenue South. The majority of streets in the top twenty are centrally located around the London city limits.
South East region of England saw a six year property increase of 86.6%, for London, it was an 82.4% increase. Surprisingly, property in Wales, Yorkshire and North East are boasting six year increases of over 140%. Because the property value of the current most expensive streets is not showing a steady increase, one of these other regions may house the most expensive street within a few years.
The average price for a home in the UK is around £200,000. This of course will not get you a house on Kensington Square. The average property value there is 28 times the national average.
Eight streets in the borough of Kensington and Chelsea are in the top ten most expensive streets and area noted to be where many famous people call home.

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