Millions wiped off Britain's most expensive homes, says Zoopla

Zoopla has once again released its list of the costliest streets in the UK - but for the second year running their values have fallen and are cumulatively worth millions less than they were at the peak of the market. 

Kensington Palace Gardens in London W8 continues to hold the title for the most expensive road in Britain but the average price on this street is down to £35,647,605 – which is £1,301,983 less than this time last year.

London’s exclusive enclaves dominate the rest of the UK’s top streets, however all the top 10 have declined in value over the past year with £4,605,215 being wiped off the total average house price from the top 10. 

Grosvenor Crescent in London SW1 remains in second place with an average property value of £21,738,111. In third place, and up from fourth last year, is Courtney Avenue in London N6 with an average property value of £21,054,602.

Across the country and outside of the capital, the most expensive streets in Britain’s largest counties have also been revealed. 

Montrose Gardens at Leatherhead in Surrey tops the list here, with an average property value of £5,923,253 - a decrease from £6,044,860 in 2017. 

Phillippines Shaw at Sevenoaks in Kent comes in second place, with an average value of £4,112,413, beating Robins Nest Hill at Hertford, Hertfordshire, in third place (£3,782,579).

A regional analysis of the data shows that 91.2 per cent of streets with an average property price of £1m and above are found in Southern England. 

Furthermore, of the 17,289 £1m-plus streets in Britain, 6,491 (37.5 per cent) are in the south east. Greater London closely follows with 5,843 (33.8 per cent) and the East of England places third with 2,679 (15.5 per cent). 

In contrast, northern England, Wales and Scotland have far fewer expensive streets - Wales is home to just 33, the North East England currently has 97, while Scotland has 161.

Excluding London, Reading takes the top spot with 242 £1m-plus streets, while the Surrey town of Guildford is second with 230, followed by Sevenoaks in Kent with 218.