Most Expensive Investment Property In The UK

Report:

The most expensive streets in Britain have been revealed by a Halifax survey which shed light on the poshest investment properties in London.

The Vale in Kensington and Chelsea is the priciest residential street in England and Wales, with an average price of £4,677,500.

Next on the list of the UK’s most expensive areas is Ingram Avenue in the London borough of Barnet, with an average tag of £4,465,000.

The South was revealed to be by far and away the most expensive area of the country, with the costliest street outside of this region being Congleton Road in Alderley Edge in Cheshire, where a home typically fetches £1,684,166.

Halifax chief economist Martin Ellis said:

“Chelsea and Kensington have some of the most expensive streets in England and Wales. The Royal Borough has been a highly fashionable area to live in since the swinging sixties.

“In recent years, its prime location in central London has attracted affluent celebrities and ultra wealthy foreign businessmen helping to drive up house prices.”

Halifax used data from the land registry to compile the report, which examined transactions between 2004 and 2008.