NIGEL LEWIS
MILLION POUND STREETS WHERE THE STREETS HAVE NO LIMIT? London's prime property market boom has been unprecedented recently, discovers Nigel Lewis
H
ouse prices within the most desirable streets n the capital have been rising so fast recently that in one area house price have almost doubled in five years. Savills say prices in what it calls North and East Prime London (Shoreditch, Islington, Wapping and Canary Wharf) have risen by 42.1% over the past five years. Other areas of prime London have not been so spectacular, but still extraordinary including Prime Central London (+28%) and Prime North West London (Primrose Hill and St John’s Wood to you and me) at +27.9%. But it’s not all clinking champagne flutes. Some agents say the party may be over as the European referendum, increased Stamp Duty and jittery foreign buyers have reduced demand in these markets. Despite these worries, these percentage increases mean some roads still feature houses for sale at record highs; remember it was only a year ago that a renovated mansion on Upper Brook Street in Mayfair sold for £90m. So what are the other streets in London that can claim such huge prices? Here we reveal where the most expensive residential roads and streets are, based on data from Zoopla.
ABSOLUTELY MAGAZINES
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SEVEN BEDROOM DETACHED FOR SALE ON COMPTON AVENUE, HAMPSTEAD. £9.95M VIA KNIGHT FRANK, 020 3811 2459.
KENSINGTON PALACE GARDENS
Average price: £42.6 million ensington and Chelsea is the king of bling. At least half of K the 20 most expensive streets in London are in the borough and the list is led by Kensington Palace Gardens which connects Kensington High Street and Bayswater Road. Last year, the tree-lined and security-guarded avenue featured the sale of 15a, which went on the market with a 125-year lease at £85 million. u
THE BOLTONS, BROMPTON
Average price: £36.1 million ext on the list is The N Boltons, a squashed oval road in Brompton named after the church within the private communal gardens at its centre. It has just 30 houses but when they come up for sale, bidding wars usually ensue. Last year a mansion built recently on the site of an old telephone exchange sold for £51m. It has seen some famous residents, too,
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