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£4.9m for average home in plush area

By Vicky Shaw

London's Campden Hill Square in Kensington, near Holland Park, has been named the most expensive residential street in England and Wales, with an average house price of £4.9m, said Lloyds TSB.

Such is the pull of Kensington and Chelsea that seven streets there have made the top 10 priciest list, including Drayton Gardens with an average price of £4.4m, Dawson Place averaging £3.9m, Duchess of Bedfords Walk with prices typically at £3.9m and Cadogan Square with typical price tags of £3.7m.

Parkside, in Merton, south-west London, was the most expensive street in a similar study last year, and came second this year with an average house price of £4.8m.

Lloyds TSB economist Suren Thiru said: "This part of London has always had a glamorous reputation, attracting buyers from the business and entertainment world, and more recently the super-rich from across the world.

"The area clearly has its attractions with excellent schools, upmarket shops, close proximity to the capital's business district and impressive properties. Other areas in the capital have similar qualities but property prices in Kensington and Chelsea tend to outperform the rest of London."

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