Just like monopoly, we are all intrigued and we all want to buy the richest estate on the board, but unfortunately this isn’t monopoly money. After Zoopla’s annual ‘Rich List’ data, London still holds onto the top for most expensive property prices.
UK’s wealthiest homeowners are most likely to be found living on Kensington Palace Gardens in London, where average property prices are an enormous £35.6m, according to the now famous ‘Rich List’ from Zoopla where they uncover the wealthiest pockets of Britain. Unsurprisingly, they are all in London.
Lawrence Hall of Zoopla said: “Despite London’s property market cooling over the past year, it’s no surprise that the capital’s most exclusive boroughs continue to dominate the list. This is partly thanks to some incredibly luxurious properties benefitting from unbeatable locations near the heart of the city.”
The second priciest street on the ‘Rich List’ is Grosvenor Crescent in central London with a property value of £21.9m, following third is The Boltons, which has dropped from 2nd last year, which leaves Grosvenor Crescent as the climber and the one to watch out for.
The richest streets outside London were also revealed and the wealthiest street is Golf Club Road, Weybridge, Surrey. To buy a home here, you’ll need an average budget of just under £6m.
While London still holds the top spot for the most expensive place to buy a property in the UK, Last week it was discovered that house prices in London registered their first annual decline in eight years, making the capital the worst-performing region in Britain, a position it last held in 2005.