Rise of the £1m streets: Nearly 1,800 more roads across Britain valued at £1 million-plus compared with a year ago
- The UK has 11,673 streets where the average home is valued at over £1million
- Zoopla found the South East outside London accounts for about half the increase
- The phased end of stamp duty holiday in the summer prompted a rush of buyers
They used to be rare sights as symbols of the rich around cities and towns.
But now the UK has 11,673 streets where the average home is valued at over £1million – 1,782 more than a year ago.
Property website Zoopla found the South East outside London accounts for about half the increase, with 942 more £1million-plus streets over the past year compared with 262 in the capital.
The phased end of the stamp duty holiday in the summer prompted a rush of buyers snapping up homes.
Many people have also been searching for bigger properties as they make lifestyle changes as a result of the pandemic.
For the 13th year in a row, Kensington Palace Gardens in west London (file photo) was Britain’s most expensive street, with homes priced at £29.9million on average
Grainne Gilmore, of Zoopla, said: ‘London comes top when it comes to the UK’s prime markets, but the wider commuter zone in the South East is also home to some of the highest-value addresses.’
For the 13th year in a row, Kensington Palace Gardens in west London was Britain’s most expensive street, with homes priced at £29.9million on average.
In second place was Courtenay Avenue in Highgate, north London (£19.4million) while Grosvenor Crescent in the capital’s Belgravia rounded off the top three (£17.2million).
Outside London, Titlarks Hill in Sunningdale, Berkshire, was the most expensive street in Britain (£8.4million).
Zoopla counted 176 £1million-plus streets in Guildford, Surrey, 137 in Reading, Berkshire and 105 in Altrincham, Greater Manchester.
That compares to nine in the whole of Wales.
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