A typical Grade II listed house on Grosvenor Crescent will cost an average of £16,918,000. Five of the ten most expensive streets are in the prime residential areas of Belgravia and Knightsbridge in the City of Westminster. They include Eaton Square with an average property value of £15,520,000 and Chester Square (£8,282,000) – both are in Belgravia; Trevor Street (£10,150,000) and Montpelier Street (£8,483,000) in the Knightsbridge area.

The remaining four streets are in the Royal Borough of Kensington and Chelsea; they include Cadogan Square (£8,592,000), Elgin Crescent (£7,683,000), Egerton Crescent (the most expensive street for the past two years, £7,100,000) and Hillsleigh Road (£7,091,000).

Outside central London the capital’s most desirable addresses are Cambridge Gate by Regent’s Park, which has an average property value of £6,670,000, Coombe Park in Kingston upon Thames (£3,515,000) and Lichfield Road in Richmond upon Thames (£2,863,000).

Andy Hulme, Mortgages Director at Lloyds Bank, comments: “London dominates the list of the most expensive residential addresses in England and Wales. As an international city, London has always attracted overseas buyers and in recent years the capital has been a magnet for ultra high net worth individuals. This has led to soaring demand for homes in the prime residential areas of central London and as a result values have grown significantly. For the first time since this survey began, there are three streets with an average property price of over £10 million.

“The Royal Borough of Kensington and Chelsea has always pulled in wealthy buyers, but this survey shows that properties in Belgravia and around Knightsbridge are now the ones commanding the highest prices.”

Away from the capital, the most expensive street is Spicers Field (£3,734,000) followed by Leys Road (£3,609,000) – both in Oxshott – Virginia Avenue in Virginia Water (£3,320,000) and Icklingham Road in Cobham (£3,264,000). The south coast also has its fair share of exclusive addresses: These streets include Sandbanks Road on Poole harbour (£2,493,000), Western Avenue also in Poole (£2,450,000) and Restrongeut Point in Truro (£2,097,000).

The only address outside southern England in the top 50 most expensive streets is Park Lane in Altrincham with an average property price of £2,494,000. Park Lane is followed by South Road (£2,025,000) also in Altrincham. Other exclusive addresses include Withinlee Road in Macclesfield (£1,960,000), The Ridgway in Leicester (£1,783,000), Tiddington Road in Stratford upon Avon (£1,313,000), Runnymede Road in Newcastle (£1,154,000) and Rutland Drive in Harrogate (£1,152,000).

The 10 most expensive streets in the South East are in Surrey. The most expensive street is Spicers Field (£3,734,000) followed by Leys Road (£3,609,000) – both in Oxshott. Other expensive streets in the region include Virginia Avenue in Virginia Water (£3,320,000) – and Icklingham Road (£3,264,000) and Eaton Park (£3,131,000) – both in Cobham – and Moles Hill in Oxshott (£3,075,000).