Research by the leading mortgage broker for global high-net-worths, Enness Global Mortgages, has revealed which London streets are currently ranking as the capital’s most valuable from a real estate point of view.
Enness Global analysed sold price records across the London market over the last 12 months to see where was home to the highest average sold price.
Upper Phillimore Gardens in Kensington currently ranks as London’s most expensive road to buy a house on, with the average sold price on the road in the last 12 months sitting at a cool £28m.
Head down past Earl’s Court and you’ll come across the Boltons, London’s second most expensive street to buy a home on over the last 12 months, with an average sold price of £22.5m.
Mayfair’s Grosvenor Square and Brompton Square in Knightsbridge also rank high, with homes selling for an average of £18.6m and £17.8m over the last year.
Upper Grosvenor Street ranks as one of the capital’s most expensive streets to buy a home with real estate averaging £17.5m.
Lygon Place, Mulberry Square, The Little Boltons, Egerton Crescent and Whistler Square also place in the top 10 for the average sold price of homes in the current market.
CEO of Enness Global Mortgages, Islay Robinson, commented:
“With so much being made about the exodus of the average London homeowner for greener pastures, you could be forgiven for thinking that the London real estate market must have shut up shop over the last year.”
“Of course, this couldn’t be further from the truth and, in fact, the prime London market has seen quite a large degree of activity all things considered.”
“With the soon to be implemented surcharge in foreign buyer stamp duty and a pandemic-induced dip in central London property prices, many have seen the last 12 months as a great opportunity to invest.”
“This has helped maintain a good degree of momentum and this is only going to build as we ease out of lockdown.”
|Table shows the road with the highest median sold price in London over the last year|
|Name||Median Sold Price|
|UPPER PHILLIMORE GARDENS||£28,000,000|
|UPPER GROSVENOR STREET||£17,500,000|
|THE LITTLE BOLTONS||£14,100,000|
|Data sourced from Land Registry Price Paid transaction records for residential property (Feb 2020-Jan 2021)|