It has long been established that London is an expensive city to buy property in with the capital by far the most expensive metropolitan area to own a property in the UK. Despite the average cost of a house in London being almost double the UK’s overall average, there are some parts of the Big Smoke that can still be affordable, even on their most expensive streets.
Every borough varies wildly in terms of the cost of its most sought after property, going from the 100s of thousands in some to the 10s of millions in others. This is highly dependent on factors such as location and proximity to the best elements that London has to offer including historic architecture, famous landmarks, high profile workspaces and cultural hubs.
This tends to be why property prices go down in some of the more suburban and less central areas of Greater London but there are few surprises on this list as people who are interested in leaving the hustle and bustle of central London look to further out boroughs as a place to live, meaning that some of the quieter boroughs can get surprisingly expensive.
Much like commuter towns, some boroughs get a reputation for being a good place to get to work, raise kids and have more space than their more crowded inner-city counterparts. The pandemic also brought a change in people’s attitudes, with space becoming a priority for many potential buyers, which is reflected in figures that show that detached housing in London has had a bigger increase in price than any other property type since 2020.
READ MORE: London property: The capital’s cheapest street where the average house costs just over £110,000
MyLondon has collected data on the most expensive street in each London borough to see who is really paying top dollar to live in their neighbourhood.
Barking and Dagenham – Upney Lane
Barking Dagenham in the far East part of Greater London has some of the city’s cheapest housing. The borough’s most expensive street, Upney Lane, is still only £637,500 just £127,000 above London’s average.
Barnet- The Bishops Avenue
The North London borough contains Finchley and Edgeware and is considered a pleasant residential place to live. This is reflected in the whopping amount someone would have to pay to live on Bishops Avenue which has an average house price of £10,000,000, almost 3 times the amount of the next most expensive street in the borough, Totteridge Village.
Bexley – Danson Road
Bexley is a leafy part of South London suburbia and is generally considered to be one of the best places to live for people looking to start a family in London. Danson Road offers a little something different, however, with unusual art deco style platform buildings. The unique buildings likely explain why the street has an average property price of £1,075,000.
Brent – Aylestone Avenue
The North London borough of Brent combines the very different areas of Wembley and Willesden. The borough borders the desirable and expensive areas of London like Notting Hill in the South and it is where its most expensive street Aylestone Avenue is located. It would set someone back about £3,200,000 to live on the street.
Bromley – Forest Ridge
Heading down to the South East, Bromley is fairly far away from Central London, which can be a blessing or a curse when it comes to house prices. Forest Ridge’s average house prices certainly show that there is demand from buyers looking to move to the area, with houses costing £3,466,667 on average.
City of London – Golden Lane
The City of London is an unusual administrative quirk of the UK capital. A city inside a city, it is home to some of London’s major financial centres and is an area that you would imagine has sky-high property prices due to its central location. However, the data shows that the area’s most expensive street, Golden Lane, has an average property price of £1,014,200. While by no means cheap, it is significantly less expensive than neighbouring boroughs.
City of Westminster – Grosvenor Square
It should come as no surprise to find out the staggering cost of the property in this London borough. As the area of London where the Queen calls home Westminster an area with some ridiculously lavish houses. Grosvenor Square in Mayfair is said to be the centrepiece of the Duke of Westminster’s vast property empire and narrowly beats the rest as Westminster’s most expensive street with property averaging a price tag of £16,990,000 just a few more grand more than the equally as opulent Knightsbridge which costs a whopping £16,545,070.
Croydon – Welcomes Lane
Croydon is a useful area for people in London who want to use the transport links into the centre without the big costs attached to living in more central areas of the capital. However, this doesn’t save the borough from the big price tags of places that are close to London. Welcomes Lane might feel less welcoming when you realise that it costs an average of £1,355,000 to own a house on the street.
Ealing – Perryn Road
Ealing in West London is has been home to a number of famous faces over the years from Freddie Mercury to Peter Crouch. The borough’s most expensive street is much more normal than you might expect, with it looking fairly similar to other streets in other boroughs. That hasn’t spotted average property prices reaching £2,265,609 for a spot on the street.
Enfield – Broad Walk
Broad Walk in Enfield may not be a name you recognise, but the street does have some claim to fame. The street used to be home to budding X Factor competitors who lived together in one of the large houses that line Enfields most expensive spot while preparing to perform in the competition’s live shows. The performers must have thought they had won the lottery, being put up in a property that costs on average £3,150,000 to own.
Greenwich – Foxes Dale
The leafy and rather unassuming street located near Kidbrooke railway station might seem like the most extravagant part of Greenwich, but it is the most expensive. Houses go for £1,285,000 on average only £20,000 more than the more centrally located Ashburnham Grove.
Hackney – Stamford Road
Another slightly more unassuming street, Stamford Road looks like a relatively straightforward residential area of Hackney. Located near Dalston Junction Overground station, its proximity to the high street of the up and coming area might explain its status as the most expensive street the borough has to offer. Houses are going for £1,975,000 on average.
Hammersmith and Fulham – Brook Green
Hammersmith and Fulham is often seen as a very nice place to live. The borough is well connected to other parts of London thanks to the Piccadilly and Hammersmith & City lines, while a pleasant stroll along the Thames is always an option for people who live in the area. Brook Green’s design, with a park running through the two sides of the street, makes it a sought after area of the quiet borough. Houses on the street go for £4,000,000 on average.
Haringey – Sheldon Avenue
The North London borough of Haringey incorporates areas of Tottenham and Wood Green and borders Hampstead Heath to the South West. It is here you will find Sheldon Avenue, a street populated with large detached houses that runs alongside the Highgate golf course. Property located but a stone’s throw away from Hampstead Heath is never cheap and Sheldon Avenue is no different, with houses costing £4,250,000 on average.
Harrow – Julius Caesar Way
Named after the Roman dictator, Julius Caesar Way is thematically placed next to Cleopatra Close Park and runs at a right angle to Augustus Close – clearly, someone in Harrow had a thing for the fall of the Roman republic. The quiet-looking lane has disappointingly little in the way of neo-classical columns but is evidently a highly sought after area with Julius Caesar Way being the most expensive street in Harrow costing £1,785,000 on average.
Havering – Nelmes Way
Although just speculation, it seems unlikely that houses are sold at a premium on Nelmes Way because of their practical closeness to London, with the street hanging at the very border of Greater London’s Eastern reach. However, the street has some pretty enormous houses which would be expensive in any location. An average house in the street is £2,010,000 on average.
Hillingdon – Linksway
The incredibly truncated street of Linksway might be good for anyone who hates noisy neighbours and has a bit of cash to splash. The street’s massive detached and often gated houses are a recluses paradise. A house here would set someone back £3,415,000.
Hounslow – Priory Avenue
Priory Avenue in Hounslow is by far the most expensive street in the North London Borough. At £3,500,000 for an average house, it outprices second place Abinger Road by three-quarters of a million pounds and is located near Stamford Brook tube station.
Islington – Canonbury Square
Canonbury Square was once described by The Evening Standard as “London’s most beautiful square”. The central garden square is surrounded by mostly Georgian terrace houses, many of which are listed buildings. Many significant figures from the arts and literary worlds have lived in the square, including George Orwell, Evelyn Waugh and Samuel Phelps. As you can imagine houses do not go cheap. For a spot on the square, you will be expected to pay an average of £2,988,750.
Kensington and Chelsea – Clarendon Road
One of London’s most expensive boroughs, Kensington and Chelsea has many of the quintessential parts of London within its boundaries including the Natural History Museum, the V&A, Notting Hill and of course London’s thinnest house. Naturally, this also means that prices are sky-high when it comes to property in the area with Clarendon Road costing people a blistering £14,250,000 on average.
Kingston Upon Thames – Coombe Hill Road
This tiny Cul-du-sac in South London is home to what can only be described as mansions. The enormous houses line the quiet street which according to Rightmove is populated solely with detached houses ranging from 3 bedrooms to 8 bedrooms. The average cost for a house on this street is £6,300,000.
Lambeth – Elms Road
Not to be confused with Elms Street, which is something altogether more sinister, Elms Road in Clapham is typical of most of the streets on this list. It has big, nice houses located on a quiet street near Clapham Common. This winning combination means that the average property prices in the area are £2,275,000.
Lewisham – Eliot Place
Located near Greenwich Park, Eliot Place in Blackheath has plenty of historic detached and semi-detached houses that look out onto a grassy area on the other side of the street. It is almost half a million pounds more expensive than the next most expensive location Brockley View at £1,925,000.
Merton – Lancaster Gardens
Although Lancaster Gardens is the most expensive street in Merton, Rightmove says that property on the street has fallen in value by 40% since it hit its peak value back in 2016. This still hasn’t stopped the property in the area costing £3,600,000 on average.
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Newham – Villiers Gardens
The aptly named borough of Newham, a name born of a compromise between the old boroughs of East and West Ham, incorporates a large part of East London including Stratford. The borough’s most expensive street is located in the Stratford East Village near Stratford Internation Station. Unlike a few others on this list, Villiers Gardens is a relatively new development. Houses are nowhere near as expensive as some other boroughs falling below the million-pound mark at £995,000.
Redbridge – Seagry Road
Seagry Road is a street that is unlikely to cause any surprises as to why it is so expensive. Located near Wanstead station which is on the central line, the street has large detached houses and large, open spaces close by. This is probably why the street’s average price tag is £1,365,000.
Richmond- Upon-Thames – Nassau Road
Running between the Thames on one side and Barnes Green, a local park, on the other, Nassau Road seems like a prime location in the South West borough. Not far from the Barnes Bridge railway station transport links are also close at hand. A house on Nassau Road costs an average of £3,650,000.
Southwark – Burbage Road
The tree-lined street is located in Dulwich in South London with picturesque victorian style townhouses with picketed fences. The quiet suburban area sits between two stations North Dulwich and Herne Hill. People who live on the street are surrounded by green spaces including Brockwell, Belair and Dulwich Park. Houses cost an average of £2,850,000.
Sutton – The Highway
Deep in the South of the capital, Sutton is a borough on the edge of Greater London. The borough’s most expensive street has a bunch of large houses which back out onto massive gardens. The houses of their size are cheap for London standards and if they were more centrally located they would certainly cost more than their £2,085,000 price tags.
Tower Hamlets – Tredegar Square
Tower Hamlets in the East of London incorporates notable areas like Mile End and Bethnal Green, as well as the Tower of London. Although the most expensive street doesn’t include the London landmark, Tredegar Square is a historic spot near Mile End station. The well-preserved Georgian square has a garden in the centre and is bordered by townhouses.
Waltham Forest – Gordon Road
One of the cheaper streets on the list, Gordon Road moves away from the other opulence and extravagance of more central London boroughs. Despite that, the likely reason for the street’s hefty price tag is due to its proximity to good transport links including Chingford station and its closeness to Epping Forest which is just across the way. The houses on the street just break the million-pound barrier having an average price of £1,075,000.
Wandsworth – Roedean Crescent
Roedean Crescent is sat just above the vast Richmond part and has some ridiculous houses. Huge gated houses that back out onto Beverley Brook. It’s not really a surprise that a house on the street cost £4,250,000 almost one and a half million more than the next most expensive street in Rosehill Road.
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