Streets of West London are most expensive

Wycombe Square in the Royal Borough of Kensington and Chelsea is the most expensive street in England and Wales with an average property price of £5,401,447, according to latest research from Halifax. The Royal Borough provides half of the 20 most expensive residential streets in the country.

The ten most expensive streets are all in Greater London. The second most expensive street is Ingram Avenue in Hampstead with an average house price of £4,872,500.

Moles Hill in Leatherhead in Surrey (£2,645,000) is the most expensive street outside the capital. South Road in Weybridge (£2,550,625), Leys Road in Leatherhead (£2,549,545), Woodlands Road West in Virginia Water (£2,543,500) and Phillipines Shaw in Sevenoaks (£2,351,538) are the other most expensive streets outside London in the country's top 20.

The most expensive street outside southern England is Withinlee Road in Macclesfield (£1,205,833). The two next most expensive are both in Altrincham in Cheshire; Park Lane (£1,167,500) and Eyebrook Road (£1,090,916). Five of the nine regions in England have streets with an average house price of over £1,000,000.

Druidstone Road in the Old St Mellons area of Cardiff is the most expensive residential street in Wales with an average house price of £621,000.

Nitesh Patel, housing economist at Halifax, comments: "Unsurprisingly, many of the most expensive residential streets in England and Wales are in the Royal Borough of Kensington and Chelsea with more than half of the 30 most expensive London streets in the borough. Kensington and Chelsea has long had a global appeal, but the fall in the value of Sterling has helped to attract foreign buyers over the past year despite the worldwide economic recession.

"Across most regions, the survey shows that the most expensive streets are tightly clustered within the same area."