London's exclusive Knightsbridge, known for its high-end boutiques and luxury hotels, has been named the UK's most expensive street. According to a report by Lloyds Bank, the average
property price on this iconic thoroughfare reaches a staggering £21.4 million.
London dominates the rankings
Knightsbridge leads the list of the UK's priciest streets, based on average property prices between 2019 and 2024. The capital’s Holland Park area takes second place, with Ilchester Place boasting an average home price of £19.4 million. Meanwhile, Grosvenor Square in Mayfair, last year’s chart-topper, has slipped to third, where homes average just over £19 million.
London claims all 20 spots on the list of the most expensive postcodes in the UK, showcasing the city’s unparalleled dominance in the luxury property market. No other region featured in the top rankings.
Regional highlights
While London leads the pack, several other regions also boast prestigious and costly addresses:
South East: East Road in Weybridge, Surrey, holds the title as the most expensive street outside London, with properties averaging £8 million.
South West: Brudenell Avenue in Poole, Dorset, leads the region with an average price exceeding £3 million.
East of England: Park Avenue North in Harpenden claims the top spot with homes costing an average of £3.6 million.
North West: Barrow Lane in Altrincham, Greater Manchester, is the priciest street, with properties valued at £2.9 million.
North East: Ramside Park in Durham remains the most expensive street, averaging £1.5 million.
Scotland: Queen’s Crescent in Auchterarder tops the region with homes averaging £2.9 million.
Wales: Benar Headland in Pwllheli continues as the region’s most exclusive postcode, where the average property costs £1.3 million.
A widening gap
The report underscores a stark disparity between property prices in London and the rest of the UK. The south-east holds the next most expensive street outside the capital, but its £8 million average pales compared to Knightsbridge’s £21.4 million.
Amanda Bryden, head of mortgages at Lloyds, noted, "London's enduring appeal ensures fierce competition at the top of the property market. However, securing a prestigious address varies significantly across the country."
Exclusive living across the UK
For buyers seeking luxury homes beyond London, there are still high-end options across the regions. Whether it’s the picturesque surroundings of Harpenden or the coastal allure of Poole, affluent buyers have no shortage of choices—albeit at a fraction of London’s sky-high prices. Photo by Txllxt TxllxT, Wikimedia commons.
