The cost of the average home on the UK’s most expensive street is £17m, according to figures from Lloyds bank - over 60 times the cost of an average UK home.

The street is Grosvenor Crescent in central London. In fact five of the ten most expensive streets in the UK are in the areas of Belgravia and Knightsbridge in the City of Westminster.

One of the Grade II listed homes on Grosvenor Crescent would cost on average £16,918,0001, beating its nearest rival, Eaton Square, by nearly £2m.

Capital values

All of the top 10 most expensive streets in the UK are in London:

1. Grosvenor Crescent: £16,918,000
2. Eaton Square: £15,520,000
3. Trevor Square: £10,150,000
4. Cadogan Square: £8,592,000
5. Montpelier Street: £8,483,000
6. Chester Square: £8,282,000
7. Argyll Road: £8,000,000
8. Elgin Crescent: £7,683,000
9. Egerton Crescent: £7,100,000
10. Hillsleigh Road: £7,091,000

Strutt & Parker has several properties for sale on these prestigious London streets, including a penthouse apartment on Eaton Square for just under £6m and a two-bed flat on Cadogan Square for under £4m.

It is also marketing a family home on Chester Square for £16.5m and a four-bed house on Elgin Crescent for under £4m.

Outside central London, the capital's most desirable addresses are Cambridge Gate in Camden which has an average property value of £6,670,000, Coombe Park in Kingston upon Thames (£3,515,000) and Lichfield Road in Richmond upon Thames (£2,863,000).

Andy Hulme, Mortgages Director at Lloyds Bank, says that London has always attracted overseas buyers and in recent years the capital has been a magnet for ultra-high net worth individuals.

This has led to soaring demand for homes in the prime residential areas of central London and as a result values have grown significantly. For the first time since this survey began, there are three streets with an average property price of over £10 million.

Top streets outside of London

It’s not just London offering high-value, high-end properties. Here are the most expensive streets from across the UK:

• North East - Runneymede Road, Newcastle: £1,154,000
• North West - Park Lane, Altrincham: £2,494,000
• Yorkshire and the Humber - Rutland Drive, Harrogate: £1,152,000
• West Midlands - Tiddington Road, Stratford upon Avon: £1,313,000
• East Midlands - The Ridgeway, Leicester: £1,783,000
• East Anglia - Newton Road, Cambridge: £1,803,000
• South East - Spicers Field, Oxshott: £3,734,000
• South West - Sandbanks Road, Poole: £2,493,000
• Wales - Rudry Road, Cardiff: £858,000

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