The most expensive street in the country is in my borough - Kensington and Chelsea - I have not been surprised to learn today from a BBC item on the website.  Kensington Square (a very nice, though busy, square just behind Kensington High Street) has the highest-priced property in the country, closely followed by a bunch of other froo-froo streets around the borough (see the list below).

I should be pleased but I'm not. It's all insanity. One of my neighbours who has a lot of investment property told me yesterday that she is putting on the market the flat she owns in my building. It's a rather dingy-looking one-bedroomed flat with a tiny lobby, a shower room, a small double bedroom (one double bed and about a foot of space around it) and a living room with a kitchenette in it. How much has it been valued at (according to her)? £400,000. This is just stupid. It would need at least another £20,000 spending on it to make it good, I consider, and I really hope that it stays on the market for some time until she is forced to bring the price down.

We are in line for a 'correction' in house prices. The question is when. In the meantime, if you're interested in big numbers, the ridiculous rises - almost daily round here at the moment - at least make entertaining reading.

   

TOP 20 MOST EXPENSIVE STREETS
	Street Name	Area	Average value
1	Kensington Square	Kensington and Chelsea	£5,534,480
2	Chelsea Square	Kensington and Chelsea	£5,098,047
3	Carlyle Square	Kensington and Chelsea	£4,727,542
4	Thornwood Gardens	Kensington and Chelsea	£4,696,139
5	Cottesmore Gardens	Kensington and Chelsea	£4,662,633
6	Gilston Road	Kensington and Chelsea	£4,582,113
7	The Vale	Kensington and Chelsea	£4,488,764
8	Carlton Gardens	City of Westminster	£4,354,313
9	Ingram Avenue	Barnet	£4,323,591
10	Eldon Road	Kensington and Chelsea	£4,254,850
11	Albert Place	Kensington and Chelsea	£4,216,660
12	Victoria Road	Kensington and Chelsea	£4,216,500
13	Mulberry Walk	Kensington and Chelsea	£3,975,900
14	Winnington Road	Barnet	£3,805,664
15	Campden Hill Square	Kensington and Chelsea	£3,796,243
16	Douro Place	Kensington and Chelsea	£3,792,433
17	Neville Street	Kensington and Chelsea	£3,758,067
18	Egerton Crescent	Kensington and Chelsea	£3,614,762
19	St Albans Grove	Kensington and Chelsea	£3,576,717
20	Chester Terrace	Camden	£3,481,783
Source: mouseprice.com

Comments

[Kensington and Chelsea]

Its no suprise that the TOP 20 MOST EXPENSIVE STREETS all seem to be Kensington and Chelsea!