Research by the leading mortgage broker for global high-net-worths, Enness Global Mortgages, has revealed which London streets currently rank as the capital’s most valuable from a real estate perspective.
Enness Global analysed sold price records across the London market over the previous 12 months to identify the streets with the highest average property sale prices.
Upper Phillimore Gardens in Kensington ranked as London’s most expensive street, with the average sold price over the previous 12 months reaching £28M.
The Boltons, located near Earl’s Court, ranked second with an average sold price of £22.5M.
Mayfair’s Grosvenor Square and Brompton Square in Knightsbridge also featured prominently, with homes selling for an average of £18.6M and £17.8M respectively.
Upper Grosvenor Street was another of the capital’s most valuable addresses, with properties averaging £17.5M.
Lygon Place, Mulberry Square, The Little Boltons, Egerton Crescent and Whistler Square also ranked within London’s top 10 most valuable streets based on average sold property prices.
The findings demonstrated that, despite widespread discussion around homeowners leaving London in search of more space and greener surroundings, the capital’s prime property market continued to see significant activity.
A combination of softer central London property prices and the approaching introduction of the foreign buyer stamp duty surcharge also created an opportunity for buyers to invest in some of the capital’s most prestigious locations.
As lockdown restrictions eased and international travel gradually resumed, this sustained level of activity was expected to support further momentum across London’s prime property market.
