According to the latest research from Lloyds TSB the ten most expensive streets in the North West are all in areas south of Manchester.
Withinlee Road in Prestbury has been named the most expensive street outside southern England for the third year running with an average house price of £1,649,000. The second most expensive is Macclesfield Road in Alderley Edge, with an average price of £1,320,000, followed by Torkington Road in Wilmslow where the average house price stands at £1,285,000.
However, the vast majority of the country's most expensive streets are concentrated in the Royal Borough of Kensington and Chelsea. Campden Hill Square in the heart of fashionable Holland Park is Britain's most expensive residential street with an average price of £4,863,000.
Such is the pull of living in Kensington and Chelsea that six streets in the Royal Borough are in the list of the ten most expensive in the country. These include Drayton Gardens (with an average price of £4,428,000), Dawson Place (£3,891,000), Duchess of Bedfords Walk (£3,862,000) and Cadogan Square (£3,678,000).
Parkside, in Merton in South West London, the most expensive street in last year's survey, is the second most expensive this year with an average price of £4,826,000.
The most expensive streets away from the capital are mainly in the Home Counties. Properties on Leys Road in Leatherhead have an average price of £3,108,000 – the highest outside London. Other expensive streets outside Greater London include Moles Hill in Leatherhead (£2,608,000), Nuns Walk in Virginia Water (£2,574,000) and both Phillippines Shaw (£2,352,000) and Wildernesse Avenue (£2,293,000) in Sevenoaks.
Suren Thiru, Economist at Lloyds TSB, comments: "The largest concentration of expensive properties is in Kensington and Chelsea. This part of London has always had a glamorous reputation, attracting buyers from the business and entertainment world, and more recently the super-rich from across the world.
"The area clearly has its attractions with excellent schools, upmarket shops, close proximity to the capital's business district and impressive properties. Other areas in the capital have similar qualities but property prices in Kensington and Chelsea tend to outperform the rest of London.
"Outside London, the areas with the most expensive streets are generally located well away from central areas, where buyers are typically attracted by larger properties and more green space."
All prices are based on transactions between January 2007 and October 2011 recorded on the Land Registry database for transactions in England and Wales.
