Eaton Square loses its crown as the most expensive address in England and Wales

BRITAIN’S most expensive street has fallen £3.5m in value in a single year, as a house price slump hits.

Eaton Square, in the heart of London’s wealthy Belgravia district, was the most expensive street in England and Wales last year, with an average house price of £16,944,000.

But this year the street dropped three places in the ranking conducted by Lloyds Bank, to £13,585,000.

Regaining top place is Grosvenor Crescent, Westminster, which last held the title in 2014, where the average house price is £16,918,000.

The second most expensive street is Ilchester Place, Kensington and Chelsea, at £16,700,000, an increase an increase of £671,000. Lloyds Bank said Belgravia has long attracted wealthy buyers due to its graceful white stucco residences, sweeping crescents and private garden squares.

There are now 73 “million-pound streets” across England and Wales.

Andrew Mason, mortgage products director for Lloyds, said that while addresses in London and the South East top the list of the most expensive places to live, all regions of England have at least one million-pound street – Wales is home to one million-pound street. “Away from London, the survey shows that the most expensive streets are tightly clustered within Cheshire, Yorkshire and the Humber and Sandbanks in Dorset on the south coast,” he said.

Six streets have price tags of more than £10 million – all of which are located in central London, clustered around Westminster and Kensington and Chelsea.

Weybridge in Surrey is home to the most expensive street outside London, with the average home in East Road, which has the postcode KT13, costing just over £5 million. Oxford and Poole also make appearances on the top 20 list of the most expensive streets.

Lloyds used Land Registry sales figures to make the findings.