The Most Expensive and Cheapest Streets For Property in The UK

Which Street in London Has The Most Expensive Property Prices?

Nine of the most expensive streets in London (& the UK) are in Kensington & Chelsea, reaching nearly £40 million as an average property price on The Boltons. In contrast, property averages just £15,000 on the cheapest street in Liverpool, meaning you could buy 1000s of homes for the same price as one flat in Westminster.

Recent reports have highlighted some areas in the UK where property prices have fallen slightly, or in some people’s eyes, become more affordable. Even so, there are still many streets in London where you’d have to be a multi-millionaire to even consider buying a property. To highlight and compare UK property prices, MoneySuperMarket has created an interactive tool to reveal and virtually explore the cheapest and most expensive locations to buy a property in the capital, and across the UK.

London and its sky-high property prices

The UK’s capital is perhaps unsurprisingly home to the most expensive streets, with prices significantly higher than anywhere else in the country. The most expensive is Grafton Street in Westminster at £69,189,235, which is 30,788 per cent more than the national median of £224,000.

The Most Expensive and Cheapest Streets For Property in The UK 2

You can see all 20, see here.

Sally Francis-Miles, a spokesperson at MoneySuperMarket, commented: “Getting on the property ladder is an aspiration for many, but can seem like a pipe dream when you factor in how much you need to do it, especially in the UK’s most expensive areas.

“The property market has fluctuated in recent years, with escalating prices in some areas and decreases in others. Research also suggests that fewer people are taking out a mortgage, possibly driven by the potential impact of Brexit on prices.

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“However, whether you’re buying your first property or making an investment, the starting point is always reviewing all the potential costs, in addition to what you have saved, before looking at what you can afford to borrow. Then you can look at areas and types of property you can afford. Choosing a mortgage in itself can be daunting, but there are many tools to help you select the right option for you, whether that’s a fixed deal for two to five years giving you certainty of payments, or a tracker that rises and falls in line with the Bank of England base rate.”

To view the Top 20 least expensive streets in the UK, click here.

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