Wednesday 15 June 2011

Average home £20m on UK's most expensive street - Your Mortgage

Average home £20m on UK's most expensive street - Your Mortgage

Kensington Palace Gardens was named the country's most expensive street with an average property price of £19.2m - 93 times more than the national average house price of £205,985, reported Zoopla.co.uk.

The home buying information website's Property Rich List 2011 showed that a single square foot of land in the London borough of Kensington costs £1,193. A home in the borough costs an average of £1,735,484.

London topped the poll of "million pound streets" by a considerable margin with 2,290 of the 5,922 listed. Guildford was some way behind in second place with 89, while Cobham in Surrey came in third with 78.

The country's most expensive properties were in Kensington, where the average house price is £1,737,862.

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