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Editorial

The most expensive streets in London

The roads where homes have sold for the most money since 2011.

A street in Chelsea which has been called home by everyone from Madonna to Jeffrey Archer and the Hollywood star Douglas Fairbanks Jr has been named the most expensive road of the decade. Between 2011 and 2020 the average sold price on the Boltons in SW10 was £36.6 million, making it the priciest street in the UK, according to new analysis.

During the same period, the average house price in London almost doubled to £514,000.

The Material Girl singer owned a house on the street, with its private communal gardens, between 1999 and 2006.

Lord Archer bought number 24a in 1972. Although he was forced to sell the house four years later the street features in two of the politician/novelist’s books.

The two next most expensive streets of the decade were Campden Hill Place (average price £20.8 million) and Ilchester Place (£15.8 million), both in Holland Park, the report by property data website Mouseprice, part of Propertyheads, found.

Meadow Road in Virginia Water in Surrey, was the fourth most expensive street of the decade, and the most expensive outside London, with an average sold price of £15.6 million.

The road is on the Wentworth Estate, where Sarah Ferguson, Duchess of York, Bruce Forsyth and Cliff Richard have had homes and where General Pinochet was held under house arrest in 1998 before being extradited to Chile.

The only other roads outside west London to make the top 10 were Courtenay Avenue (£15.1m), a private, gated road in Highgate, and Whitestone Lane (£14.4m) in Hampstead, both in north London.

A house on Courtenay Avenue is currently for sale for £8.65m, just over half the average price, with Arlington Residential who have acted on five of the seven sales on the street in the past decade.

Sales of London’s most expensive homes surged in the second half of 2020 despite the coronavirus pandemic and the finalisation of Brexit negotiations.

A total of £1.13 billion was spent on ‘super-prime’ property between January and August last year – a 16 per cent increase on the year before.

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