Property rich list 2014: Britain's most expensive postcodes are revealed

London, Surrey and Buckinghamshire are home to the most expensive towns in Britain, according to new research by property website Zoopla.
Britain's 20 priciest addresses are, unsuprisingly, all in London, with homes worth an average of £42.7 million in the UK's most expensive street, Kensington Palace Gardens. Also known as 'Billionaires Row', the likes of the Sultan of Brunei and Tamara Ecclestone own property there. 

The Boltons, SW10, takes second place, with an average property value of just over £26 million, followed by Grosvenor Crescent, SW1, where prices average £22 million. 

And these prices are showing no signs of slowing down, as the value of Britain's most expensive streets has grown 12.9 per cent since last year, nearly twice the 6.6 per cent national average.

Kensington, W8, remains London’s most prestigious postcode, with house prices averaging at £2.78 million. Neighbouring Knightsbridge, SW7, is the next most expensive area with average values reaching £2.48 million, while prices in Chelsea, SW3, average around £2.37 million. 

“Prime properties in the capital have long been a magnet for the super-wealthy looking for a safe investment asset. For the lucky few who can afford these stratospheric pricetags, the fabulous mansions on streets like Kensington Palace Gardens and the Boltons are offering very strong returns," says Lawrence Hall, Zoopla's Head of Communications.


This year, 10,613 streets have average property values of over £1 million - up 29 per cent on 2013. Outside of London, Britain's most expensive street is Sunninghill Road in Surrey, where the average home is currently worth just over £5 million. 

In fact, the two most expensive towns in Britain are in Surrey, where average house prices in Virginia Water stand at £1.19 million, which tops the list.

For under £1 million you can live in Britian's sixth most expensive town, Beaconsfield in Buckinghamshire, where properties average £897,872. 

Radlett is the only town from Hertfordshire to make the top ten, with house prices around £794,569.

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