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My next-door neighbour, the King: new data reveals Britain’s most expensive streets

General News   |   April 26, 2024   |   Lizzie

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Westminster thoroughfare Buckingham Gate has been named Britain’s most expensive street to buy on.

Homes there have an average asking price of £9.63 million, according to new data from property firm Rightmove.

The street is near Buckingham Palace and Wellington Barracks, connecting with busy Victoria Street in the heart of London.

It features a mix of houses, flats, shops, cafes and foreign embassies.

One nine-bedroom property, over seven floors, has a price tag of £45 million.

The same analysis found the UK’s next highest average house price is at Vicarage Gate in the west London district of Holland Park, at £6.33 million.

Rightmove spokesman Tim Bannister is quoted in a story on Property Reporter saying: “London’s status as the hub of luxury property in the UK remains unchallenged, with Buckingham Gate in Westminster commanding the highest average asking price.

“Although the possibility of buying one of these homes is limited to a very lucky few, there’s clearly a fascination with these prestigious homes as we find they’re often among our most viewed properties on Rightmove.”

On the Chinneck Shaw website, you can stay up to date with trends in average house prices in Portsmouth and Southsea.

The average price of a detached property in Portsmouth has grown 2.4% in the past 12 months and now stands at £511,724.

In Southsea, the average price of a detached property is £666,847, up 28.9% on this time last year.

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