Tuesday 05 October 2021 8:21 am | Updated: Friday 29 October 2021 4:07 pm

UK has nearly 1,800 more streets with average house price of £1m than a year ago

Warburton House, Mayfair — One of central London's most expensive streets: Warburton House on Dunraven Street in Mayfair has access to a 'secret' garden

Britain counts nearly 1,800 more streets with an average house price of £1m or more compared to 12 months ago, according to fresh data shared with City PM this morning.

At least 11,673 streets in September 2021 had an average property price of £1m pus, which was 1,782 more than the 9,891 million pound streets in September 2020, according to Zoopla.

The South East of England accounts for about half of the increase, with 942 more million pound streets having been created there over the past year, compared with 262 in London.

The tapering of a stamp duty holiday in the summer prompted a rush of buyers snapping up homes. The holiday ended completely from October 1.

More space post-pandemic

Many people have also been searching for bigger properties with more space as they make lifestyle changes as a result of the coronavirus pandemic.

Grainne Gilmore, head of research at Zoopla, said: “London comes top when it comes to the UK’s prime markets, but the wider commuter zone in the South East is also home to some of the highest-value addresses, reflecting the size and type of housing stock in these regions.”

For the 13th year in a row, Kensington Palace Gardens (postcode W8) in London was identified as Britain’s most expensive street, with homes there priced at nearly £29.9m on average.

In second place for the third consecutive year was Courtenay Avenue (N6) in Highgate, London. The average property there is priced at £19.4m.

Grosvenor Crescent (postcode SW1X) in London rounded off the top three, with the average property value there at £17.2m.

Excluding London, Titlarks Hill (postcode SL5) in Ascot, Berkshire, was identified as the most expensive street in Britain, with the average home there put at £8.4m.

Some postal towns outside London also have clusters of million pound streets.

Zoopla counted 176 in Guildford in Surrey, 137 in Reading in Berkshire, 133 in Sevenoaks in Kent, 115 in Harpenden in Hertfordshire, 105 in Altrincham in Greater Manchester and 98 in Henley-on-Thames in Oxfordshire.

This compares with just nine million pound streets found across the whole of Wales.

Here are the numbers of million pound streets in September 2021, according to Zoopla:

– London, 4,544

– South East England, 4,366

– East of England, 1,464

– South West England, 512