Recent figures released have revealed where the most expensive place to buy property in 2016 were. Perhaps unsurprisingly seven of the top ten locations were in Central London; with the most expensive street being named as Eaton Square in Belgravia with an average property value of almost £17m. Aside from the purchase price, the Stamp Duty Land Tax bill on a purchase of a property at £17m is nearly another £2m to pay.
The only three streets outside of Central London which made the ‘top ten’ were two address in Weybridge in Surrey and Sandbanks (Poole) in Dorset. Below is a list of the top ten streets along with their average property price:
1st – Eaton Square, Belgravia, London – £16,944,000
2nd – Grosvenor Crescent, Westminster, London – £16,918,000
3rd – Ilchester Place, Kensington, London – £16,029,000
4th – Lansdowne Road, Kensington, London – £12,830,000
5th – Chester Square, Westminster, London – £12,534,000
6th – Lansdowne Crescent, Kensington, London – £10,842,000
7th – Kensington Road, Kensington, London – £10,185,000
8th – Camp End Road, Weybridge, Surrey – £5,164,000
9th – Cavendish Road, Weybridge, Surrey – £4,705,000
10th – Panorama Road, Poole, Dorset – £4,618,000
Again many of the areas just outside of the top ten are in London, or in very close proximity, set in the prime commuter belt areas just outside the M25. Regionally there is a great deal of disparity with London far outstripping all of the other regions of England. In each of the other regions there are small pockets of ‘prime property’ priced considerably higher than the national average house price of £216,674. The leading price in each region is detailed below:
London – Eaton Square, Belgravia, London – £16,944,000
South East – Camp End Road, Weybridge, Surrey – £5,164,000
South West – Panorama Road, Poole, Dorset – £4,618,000
North West – Park Lane, Altrincham, Greater Manchester – £2,059,000
East – Storeys Way, Cambridge, Cambridgeshire – £1,914,000
West Midlands – Farquhar Road, Birmingham, Warwickshire – £1,434,000
Yorkshire & Humber – Ling Lane, Leeds, Yorkshire – £1,319,000
East Midlands – Warren Hill, Leicester, Leicestershire – £1,288,000
North East – Runnymede Road, Newcastle, Northumberland – £1,103,000
One 77 Mortgages provide fee free mortgage and protection advice to our customers from around the UK. We deal in all forms and sizes of residential mortgages, and can also deal in other forms of property finance including auction finance, bridging finance and commercial mortgages.
