At Winkworth, we understand the unique appeal of London’s most exclusive addresses, which continue to command some of the highest property prices in the UK. According to Lloyds’ latest study, Knightsbridge has taken the crown as the country’s most expensive street in 2024, with the average property price reaching an astonishing £21.4 million. This data underscores London’s enduring allure as a global hub for luxury living and high-value real estate.
London Dominates the Top 10
Knightsbridge leads the pack, followed by Ilchester Place in Holland Park (£19.4m) and Grosvenor Square in Mayfair (£19m), which dropped from the top spot in last year’s rankings. The top 10 most expensive streets in the UK are all located in London, with properties averaging £16.5 million, nearly 60 times the national average house price of £356,925 (Land Registry data).
Luxury Beyond the Capital
Outside London, Weybridge’s East Road is the priciest street, with homes averaging just over £8 million. Other regions also boast exclusive addresses, albeit at significantly lower price points than the capital. In Scotland, Queen Crescent in Auchterarder leads with an average price of nearly £3 million, while Manor House Lane in Leeds remains Yorkshire’s most expensive street at £2.1 million. Wales, which has the lowest regional top-end price, sees Benar Headland in Pwllheli as its most expensive street at £1.3 million.
Regional Highlights
North East: Ramside Park, Durham (£1.5m), tops the list, followed by Runnymede Road and Westfield Drive in Newcastle.
North West: Barrow Lane (£2.9m) and Broadway (£2.9m) in Altrincham hold the first and second positions.
South East: East Road in Weybridge (£8m) remains the most expensive street outside London.
South West: Brudenell Avenue, Poole (£3m), is the priciest in the region.
West Midlands: Bakers Lane (£1.9m) and Rising Lane (£1.8m) in Solihull top the list.
Wales: Benar Headland, Pwllheli (£1.3m), leads, followed by Twyncyn in Dinas Powys (£1.2m).
London’s Lasting Appeal
The city continues to dominate the high-end property market, with its premium prices showcasing its strong international allure. For buyers seeking prestigious addresses or exclusive properties, London offers unrivalled opportunities in the luxury market. At Winkworth, our expertise in prime property ensures we are perfectly positioned to guide buyers and sellers through this highly competitive market. Whether you’re exploring Knightsbridge, Holland Park, or other elite locations, we can help you find your perfect home in the heart of the capital.
At Winkworth, we’re seeing renewed energy in Prime London’s property market as demand surged during the fourth quarter of 2024. Despite challenges such as increased second home stamp duty rates, high-end buyers were motivated by time-sensitive opportunities, resulting in a notable uptick in transactions across the £2m to £10m and £10m+ market segments.
At Winkworth, we’re proud to reflect on a successful 2024, a year that saw a significant rise in property sales and steady performance in the rental market. With our 190th anniversary approaching in 2025, this milestone underscores our long-standing commitment to excellence in the property market.
At Winkworth, we are thrilled to see London reclaim its position as Europe’ most attractive city for residential investors. This recognition highlights London’s enduring appeal as a leading global hub for real estate, bolstered by its strong fundamentals and dynamic living environment.
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