Property prices in UK’s most expensive street soar, survey reveals

Property Wire 12.03.2010 07:30

The average cost of a property in the most expensive street in England and Wales has soared by £300,000 during the past year, according to new research.

Chester Square in Belgravia, London, held on to its title as the most expensive place to live in 2010, with the average property there costing £6.6 million, according to a report from housing information website Mouseprice.

Despite the real estate market downturn, the square, which contains stucco-fronted period properties and whose residents have included former Prime Minister Margaret Thatcher and Chelsea Football Club owner Roman Abramovich, has continued to command high sales prices.

The group said the majority of homes changing hands there sold for around £7 million, while in 2008 there were four mega-sales with properties selling for between £12.2 million and £19.7 million.

Ingram Avenue in Hampstead, London, was the street with the second most expensive properties, with the large detached homes there averaging £6.09 million, followed by Courtney Avenue in Highgate at £5.9 million.

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