Kensington Palace Gardens in West London, known as ‘Billionaires’ Boulevard’, is the most expensive street in England, with average home prices estimated at an eye watering £33 million ($41 million).
A new report by online real estate platform Zoopla confirmed the street in Kensington as the priciest in the country despite a slump in house prices due to the political and economic uncertainty.
Prices in the half mile strip fell 7.24% over the past year – a £2.8 million price cut.
The Duke and Duchess of Cambridge, Prince William and Kate Middleton, are arguably the most famous residents of the street, with their 20-room and four-storey home at Apartment 1A.
But neighbors include Russian billionaire and owner of Warner Music Group Len Blavatnik – 59th of Forbes’ 2019 billionaires list with a $19 billion net worth, who in 2004 bought a 13-bedroom (and nine bathroom) house on the street for £41m. Blavatnik extensively refurbished the property, which is now worth an estimated £200 million – one of the most expensive in the world.
“It’s no surprise that it’s the capital that plays host to the U.K.’s most expensive streets but, even to the super-rich, the wealth that can be found among them is mind-blowing,” said Laura Howard, consumer expert at Zoopla.
“Outside of London, it’s exclusive pockets of the well-heeled home counties, such as Kent, Surrey and Hertfordshire that boast the priciest streets.”
Courtenay Avenue, a street in north London between the prestigious areas of Hampstead Heath and the Highgate Golf Club, ranked second with average prices of £19.5 million.
While Grosvenor Crescent in Belgravia, West End, came in third, with £19.06 million.
The most expensive street outside the British capital is Montrose Gardens in Leatherhead, Surrey, where the average house value is £6.5 million.