Grosvenor Crescent in Belgravia is crowned 'most expensive street'

Nestled in the heart of London's Belgravia, Grosvenor Crescent has been identified as the country's most expensive street.

The analysis found a typical property in Grosvenor Crescent, located near to Hyde Park, Buckingham Palace and the shops of Knightsbridge, will cost buyers close to £17 million - at an average price of £16,918,000.

Lloyds Bank, which looked at property sales across England and Wales to make the findings, said Belgravia has long attracted wealthy buyers to the area due to its graceful white stucco residences, sweeping crescents and private garden squares.

Expensive streets list
Expensive streets list

Lloyds said there are now 73 "million pound streets", where the typical property is worth at least £1 million, dotted right across England and Wales.

Andrew Mason, mortgage products director at Lloyds Bank, said while addresses in London and the South East top the list of the most expensive places to live, all regions of England have at least one million pound street - and Wales is also home to one million pound street.

He continued: "Away from London, the survey shows that the most expensive streets are tightly clustered within Cheshire, Yorkshire and the Humber and Sandbanks in Dorset on the south coast."

Lloyds found the second most expensive street is Ilchester Place in Holland Park, with an average house price of £16,700,000.

Six streets have price tags more than £10 million - all of which are located in central London, clustered around Westminster and Kensington and Chelsea.

Eaton Square - last year's most expensive street - is now third with an average price of £13,585,000 - down from around £17 million last year.

Weybridge in Surrey is home to the most expensive street outside London, with the average home in East Road, which has the postcode KT13, costing just over £5 million. Oxford and Poole also make appearances on the top 20 list of the most expensive streets.

Lloyds used Land Registry sales figures to make the findings.

Here are the most expensive streets according to Lloyds Bank, with the post town, region and postcode followed by the average house price:
1. Grosvenor Crescent, Westminster, London, SW1X, £16,918,000
2. Ilchester Place, Kensington and Chelsea, London, W14, £16,700,000
3. Eaton Square, Westminster, London, SW1W, £13,585,000
4. Chester Square, Westminster, London, SW1W, £12,534,000
5. Carlyle Square, Kensington and Chelsea, London, SW3, £11,618,000
6. Kensington Road, Kensington and Chelsea, London, W8, £10,185,000
7. East Road, Weybridge, South East, KT13, £5,053,000
8. The Green, Richmond, London, TW9, £4,706,000
9. West Road, Weybridge, South East, KT13, £4,578,000
10. Charlbury Road, Oxford, South East, OX2, £4,470,000
11. Coombe Park, Kingston-upon-Thames, London, KT2, £4,295,000
12. Queens Drive, Leatherhead, South East, KT22, £4,222,000
13. Crick Road, Oxford, South East, OX2, £3,978,000
14. Cavendish Road, Weybridge, South East, KT13, £3,881,000
15. Fishers Wood, Ascot, South East, SL5, £3,762,000
16. Leys Road, Leatherhead, South East, KT22, £3,749,000
17. Gorse Hill Road, Virginia Water, South East, GU25, £3,727,000
18. Icklingham Road, Cobham, South East, KT11, £3,559,000
19. Ham Common, Richmond, London, TW10, £3,303,000
20. Panorama Road, Poole, South West, BH13, £2,361,000