Most expensive street in Britain to buy on has houses with '£10m average asking price', Rightmove finds

While house prices could fall this year, some of the UK's most expensive streets in the UK are unlikely to be affected. Some prestigious addresses sell for an average £10 million, while others rake in rents north of £20,000.

Property listings site Rightmove has revealed where Britain’s most expensive streets are, with London and the South East dominating the rankings. Addresses in the City of Westminster and Royal Borough of Kensington and Chelsea made up the top five priciest streets to buy on in the capital.

Rightmove also found demand for the country’s swankiest streets has grown significantly, with searches for Mayfair (up 35%), St John’s Wood (up 15%), and Holland Park (up 11%) all rising by a double-digit percentage year-on-year. It's a contrast to the wider picture for UK house prices, which are expected to fall in 2024.

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Outside of London, the home counties came out on top. The only outlier was Rothley - a village on the outskirts of Leicester, which was found to have the fourth most expensive street away from the capital.

The findings come as the wider housing market remains subdued. Although the latest RICS survey showed demand has been climbing, house prices have either seen slow growth or minor reversals.

Where are the most expensive streets to buy a home?

To determine where the most expensive addresses in Britain can be found, Rightmove looked at streets that have had at least five property sales or homes listed for rent so far in 2024.

It found Buckingham Gate in Westminster was the priciest street across England, Scotland and Wales. Anyone looking to move to the prestigious postcode, which is situated close to Buckingham Palace, would have to fork out an average of £9,633,333. The most expensive home currently listed on the street is a nine-bedroom terraced former ambassador’s residence, which is available for £45m.

The average figure for Buckingham Gate was £3m above the next most expensive street - Vicarage Gate in Holland Park. People hoping to become a near-neighbour of the Duke and Duchess of Wales would face a bill of around £6,332,000.

Here are the top five most expensive streets.

Outside of London, the most expensive street was Old Avenue in Weybridge, Surrey. The average asking price for a house there came in at £2,633,333. Rightmove gave an example of a current pricey listing on the road - a six-bedroom mansion that comes complete with its own tennis court and outdoor swimming pool.

Here are the top five most expensive addresses outside of London.

Where are the most expensive streets with homes to rent?

If you’re a member of the jetset who’s looking for a high-end property to rent, the most expensive places to do so can be found in western central London.

A property in Albion Street, Bayswater - a street on the edge of Hyde Park - would cost a renter almost £21,000 a month on average. A six-bed terraced property there, which boasts three reception rooms,  is currently listed on Rightmove at £21,667 per month.

Here are the top five most expensive streets to let out a property, according to Rightmove:

Outside of London, Ascot is the most exclusive place to rent, if average prices are anything to go by. London Road in the horse racing hotspot boasts a typical monthly rent of almost £7,000.

A part-furnished, six-bedroom mansion there would set you back £10,950 - so long as you can stump up the required £15k deposit. Rightmove’s research said the following were the top five most expensive lets outside of the capital: