As one of the financial capitals of the world, London is notorious for its rocketing property prices whether you’re looking to buy or to rent.
Here’s a roundup of London’s top five most expensive streets to live on.
1. Kensington Palace Gardens – Average property value: £42,730,706
Kensington Palace Gardens has seen property prices grow at a steady rate. It’s now one of the most expensive streets in the world and has been an exclusive address since the 1840s. The street is guarded by check points, crash barriers and iron gates, making it one of the safest streets in London.
Just around the corner from Kensington Palace Gardens is Kensington Court Apartments, a property that SilverDoor has had in its portfolio for a number of years. With studio, one, two or three bedroom options these apartments are ideal for anyone looking for luxury, corporate accommodation.
2. The Boltons – Average property value: £26,570,341
Located in Brompton, the Boltons is the second most expensive street on the list. With an average value of £26.5 million, each of these traditional London houses are home to only the very wealthy, and properties rarely go on sale.
The Brompton Road Apartments are located in a quiet residential area and are only a five minute walk from a selection of world class department stores, designer shops, vibrant bars and gourmet restaurants in Knightsbridge.
3. Grosvenor Crescent – Average property value: £22,293,470
Sitting comfortably in third place, these listed 19th century terraced houses are located between Belgrave Square and Hyde Park Corner. Today the properties have mainly been converted into apartment blocks. Staying in an apartment here will cost you about £65,000 a month or £15,000 a week.
Five minutes from Hyde Park Corner is another property that SilverDoor represent, Mayfair House Apartments. If the array of onsite facilities isn’t enough for you, London is quite literally at your doorstep.
4. Ilchester Place – Average property value: £11,853,515
In fourth place is Ilchester Place located in Kensington. Properties along Ilchester Place are particularly attractive to families with some of the best schools in London nearby. This may be the reason why of the twenty-four properties on the street, only five have been sold within the last five years.
Close to Ilchester Place is Cumberland House Apartments; another property from the SilverDoor portfolio. These are corporate executive apartments with luxurious open plan living and the options of two, three and five bedrooms.
5. Courtenay Avenue – Average property value: £10,750,000
Last but by no means least, is Courtenay Avenue. Located in Kenwood, the road is home to some of the most impressive houses in the city, some of which have been modernised recently to include leisure and health facilities including a gym and pool.
With prices for accommodation in London always on the rise, it can be hard to find something that suits both your requirements and your budget. Here at SilverDoor, we provide clients with a dedicated account manager, who will find you the London serviced apartment at the best rate and in the best location for you.