According to the latest research from Lloyds TSB the ten most expensive streets in the North West are all in areas south of Manchester.
For the second year running Withinlee Road in Prestbury has been named the most expensive street outside southern England with an average house price of £1,629,000. Other high valued streets outside the south include Torkington Road in Wilmslow (£1,298,000), Park Lane in Altrincham (£1,251,000) and Macclesfield Road in Alderley Edge (£1,142,000).
However, the vast majority of the country's most expensive streets are in London. Just a short walk from Wimbledon's All England Tennis Club, Parkside in Merton has been named as the most expensive residential street in England and Wales - with an average price of £5,058,000.
More than half of the 20 most expensive streets in England and Wales are in the Royal Borough of Kensington and Chelsea. Wycombe Square, the most expensive street in last year's survey, is the second most expensive street in the country (£4,415,000) and the remainder of the top five are also all in Kensington and Chelsea. Woodlands Road West in Virginia Water (£2,770,000) and Burkes Road in Beaconsfield (£2,742,000) are the only streets outside the capital to make it to this year's top 20.
Nitesh Patel, housing economist at Lloyds TSB, comments: "Unsurprisingly, the most expensive residential streets in England and Wales are in London. Parkside in Merton, the most expensive street, is just a short walk to Wimbledon's famous All England club. However, the biggest concentration of expensive properties is in Kensington and Chelsea. The prime, central London location continues to attract affluent celebrities and ultra wealthy foreign businessmen, helping to drive up house prices. The survey shows that the most expensive streets continue to be tightly clustered in relatively small areas."
There are an estimated 228 streets in England and Wales with an average house price above £1 million; including 36 with an average price of more than £2 million.
All prices are based on transactions between 2006 and 2010 recorded on the Land Registry for database for transactions in England and Wales and only streets where there have been at least seven transactions over the period are included in the analysis.
