GOLDEN STREETS

London’s Kensington or W8 area is the most expensive property postcode in Britain, according to Zoopla.co.uk´s Property Rich List. The average house prices in the exclusive neighbourhood of Kensington are now topping £1.5 million, up 9.4% (£134,000) from just one year ago. Palace Gardens in Kensington has come out on top as the most expensive street to live on in the country. The average property will set you back a cool £18m. Also known as Billionaires Row, this exclusive gated street is home to royals from Saudi and Brunei and billionaires from Russia and India, including Britain’s richest man, steel tycoon Lakshmi Mittal.

In addition to W8 (Kensington), only four other areas in the country can lay claim to being Million Pound Postcodes – SW7 (Knightsbridge) and SW3 (Chelsea) where average house prices are just under £1.3 million, W11 (Notting Hill) where buying the average property will leave you with a few quid change from £1.2 million and SW10 (West Brompton) where the average pad will cost you just over £1million.

Virginia Water in Surrey, where the average property is now worth £920,000, is the only area outside London to make the Top 10 Most Expensive Postcodes. The number of Golden Streets in Britain, where average home values are over £1m, now stands at 1,995, with the vast majority (1,418) located in London. Outside the capital, the places with the highest number of Golden Streets are Guildford (47), Richmond (44) and Leatherhead (40)