17 Nov

Britain's most expensive street named

Britain's most expensive street named

New research by Halifax has pinpointed the most expensive street in Britain, based on housing transactions between 2004 and 2008.

The Vale in the royal borough of Kensington and Chelsea was discovered to have an average cost over this period of £4,677,500.

Exactly half of Britain's 50 most expensive streets were found to be in the borough by the research.

Poole in Dorset has the most expensive street outside London, while the most costly road to live on in the north is in Alderley Edge in Cheshire.

Commenting on the price of housing in Kensington and Chelsea, Halifax chief economist Martin Ellis stated: "In recent years, its prime location in central London has attracted affluent celebrities and ultra wealthy foreign businessmen helping to drive up house prices."

The overall average price in the borough is £835,935, according to Land Registry figures.

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