UK’s most costly road with £10m properties close to Buckingham Palace | UK | News | EUROtoday

The UK’s most costly road has been revealed – and one is simply minutes from Buckingham Palace.

Buckingham Gate in London – which is a stone’s throw away from the enduring royal residence – has taken the title of Britain’s most costly road.

Other close by neighbours embrace the Houses of Parliament and potential consumers should contemplate parting with a cool £9.6m to name it dwelling.

The nearest London Underground stations are Victoria and St James’s Park – and the highway can be dwelling to numerous embassies together with No.20 – High Commission of Eswatini, No. 60 – South Korean Embassy and No. 75-88 – Embassy of Macedonia.

If you fancy a chunk to eat then there are some respectable choices together with the Quilon Restaurant at No. 41, The Zander cocktail bar at No. 45 and Bongusto Italian restaurant at No. 75.

The subsequent highest common asking value was present in Vicarage Gate in Holland Park in west London, at £6.3m.

As the pandemic made many contemplate dwelling exterior of the capital as places of work grew to become extra more likely to provide do business from home choices, property portal Rightmove, which revealed the UK’s most costly streets, say searches for London property stay excessive.

The on-line property search software revealed gross sales searches for London boroughs together with Mayfair, St John’s Wood and Holland Park have elevated this yr, in contrast with a yr in the past.

Outside London, Old Avenue in Weybridge, Surrey, had the best common asking value for properties in 2024 to this point, at £2.6m, Rightmove discovered.

Tim Bannister, a property skilled at Rightmove, mentioned: “London’s status as the hub of luxury property in the UK remains unchallenged, with Buckingham Gate in Westminster commanding the highest average asking price.”

He added: “Although the possibility of buying one of these homes is limited to a very lucky few, there’s clearly a fascination with these prestigious homes as we find they’re often among our most viewed properties on Rightmove.”

Rightmove’s analysis was primarily based on streets the place there have been at the least 5 properties on the market this yr.

Meanwhile one in 5 first-time consumers within the UK don’t suppose they’ll have the ability to purchase till at the least their forties, new analysis has discovered.

A stunning 20 % of Brits might be left with out their very own first dwelling into their forties, a major enhance on the present common first-time purchaser age (33).

Similarly round half (48 %) of first-time consumers say their prospects of proudly owning a house are additional away than ever as a result of ongoing cost-of-living disaster, analysis from Nationwide has discovered.

The analysis, a ballot of 1,000 aspiring householders, discovered that greater than eight in ten (84 %) say that the cost-of-living has impacted their plans, with 49 % having delayed them because of affordability considerations. An extra six in ten (60 %) are suspending their homeownership plans by as much as three years.

Here is the total listing, in response to Rightmove:

The British streets with the best value tags

1. Buckingham Gate, Westminster, £9,633,333

2. Vicarage Gate, Holland Park, £6,332,000

3. Park Road, St John’s Wood, £5,814,285

4. St John’s Wood Road, Maida Vale, £5,389,444

5. Cadogan Square, Knightsbridge, £4,834,500