Chelsea 'dominates house prices'

House prices were highest in London and south east England

A survey of England and Wales' most expensive streets has been topped by a road in Kensington and Chelsea.

House prices in Kensington Square, west London, average £5.5m, research conducted by property data website mouseprice.com suggests.

The area dominates the list, which also highlights the high cost of property in London and south-east England.

The survey was based on Land Registry sale price statistics that were updated with details from estate agents.

Outside southern England, it emerged that the most expensive street in north-west England was Whitbarn Road, in Alderley Edge, which had an average price of £1.9m.

In the north-east of England, Gubeon Wood in Tranwell Woods - at an average cost of £1.1m - topped the list.

Meanwhile, in south-west England, the £1.5m price tag for a home on Western Avenue, Poole, made it the most expensive street in the area.

Cefn Coed Road in Cardiff, where a home costs about £698,000, topped the price list in Wales.

Price increases

A Mouseprice.com spokeswoman said the most expensive streets in southern England averaged "two or three times the value of the most expensive streets in other regions".

She said: "Wales lags behind, with the most expensive Welsh street reaching only three-quarters of a million pounds, less than 13% of the average value of properties on the most expensive streets in London."

But there was some good news for homeowners based outside of London and the South East.

The spokeswoman said: "The Land Registry House Price Index, released monthly, shows us that although the regions of London and the South East are home to the streets with the highest average property price, they are the poorest performing regions in terms of property value increases since April 2000.

"Although the most expensive streets in Wales and the North East have the lowest average property prices, property in these regions has increased in value by far more than property in London and the South East."

TOP 20 MOST EXPENSIVE STREETS
	Street Name	Area	Average value
1	Kensington Square	Kensington and Chelsea	£5,534,480
2	Chelsea Square	Kensington and Chelsea	£5,098,047
3	Carlyle Square	Kensington and Chelsea	£4,727,542
4	Thornwood Gardens	Kensington and Chelsea	£4,696,139
5	Cottesmore Gardens	Kensington and Chelsea	£4,662,633
6	Gilston Road	Kensington and Chelsea	£4,582,113
7	The Vale	Kensington and Chelsea	£4,488,764
8	Carlton Gardens	City of Westminster	£4,354,313
9	Ingram Avenue	Barnet	£4,323,591
10	Eldon Road	Kensington and Chelsea	£4,254,850
11	Albert Place	Kensington and Chelsea	£4,216,660
12	Victoria Road	Kensington and Chelsea	£4,216,500
13	Mulberry Walk	Kensington and Chelsea	£3,975,900
14	Winnington Road	Barnet	£3,805,664
15	Campden Hill Square	Kensington and Chelsea	£3,796,243
16	Douro Place	Kensington and Chelsea	£3,792,433
17	Neville Street	Kensington and Chelsea	£3,758,067
18	Egerton Crescent	Kensington and Chelsea	£3,614,762
19	St Albans Grove	Kensington and Chelsea	£3,576,717
20	Chester Terrace	Camden	£3,481,783
Source: mouseprice.com