Billionaires’ Boulevard Is Still The Most Expensive Street In England – Despite Brexit

Real Estate

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.

Chelsea Football Club owner Roman Abramovich and Indian steel magnate Lakshmi Mittal also live on Kensington Palace Gardens.

“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.

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