Properties in Britain- Taking a look at luxury properties where you could be neighbours with David Beckham!
- TBA
- Mar 13, 2024
- 3 min read
I’m sure many of us have dreamed of living in fancy mansion, or next-door to a celebrity. Have you ever taken a look at how much it might cost? Let’s take a look together.
1. Location, location, location
There is one street in Wales prized for its prime location and comfortable living prices, meaning that despite not being in the financial centre of the UK, sale prices are still often over £1 million.
However, once we zoom out and look across the UK, we still find that the ten most expensive streets are all concentrated in London.
According to Zoopla, properties on these 10 streets have purchase prices starting in the seven figures – millions of pounds – for a total value of £45.23 billion.
2. Living next door to David Beckham?
In their ranking, the most noteworthy and also the most expensive street is Kensington Palace Gardens, also known as the ‘Billionaires’ Row’. Not only does it boast residents like Prince William and David Beckham, but it has also held the title of the most expensive residential street in the UK for 12 consecutive years, with the average house price reaching £35 million!
According to Zoopla’s data, the average price of a mansion in Kensington Palace Gardens is £30 million, compared to the average UK house price in the UK of just £250,000. This means that properties here cost 140 times as much! But why live here?
Kensington Palace Gardens is located in the affluent area of Kensington and Chelsea, adjacent to Hyde Park, and boasts beautiful natural surroundings.
Kensington Palace, where the Duke and Duchess of Cambridge reside is also located on this street. Many embassies or ambassadorial residences of countries such as France, Russia, Japan, and India are also situated here. Not only does it offer a comfortable living environment, but it also boasts a very prime social circle.
To be part of the social circle, many celebrities have also purchased properties here, including football superstar David Beckham, the popstar Madonna, the renowned talent show judge Simon Cowell, British-Indian steel magnate Lakshmi Mittal, Chinese tycoon Wang Jianlin, amongst many others.
Owning a property in Kensington Palace Gardens means being neighbours with some of the wealthiest and most powerful celebrities and political figures in the world. It serves as a stepping stone for breaking into high society.
3. ‘The Jewel on the Hill’
Ranked second is Courtenay Avenue, located in the Haringey area of Northwest London, home to the famous Alexandra Palace. British media once referred to Courtenay Avenue in Haringey as one of London’s top three upscale neighbourhoods, alongside Westminster and Kensington & Chelsea, earning it the nickname “The Jewel on the Hill.”
The houses here exhibit diverse architectural styles, ranging from classic English-style cottages to modern villas with sleek glass constructions, surrounded by the beautiful natural scenery.
4. How about a Grade-II listed building?
The third place goes to Grosvenor Crescent in Belgravia, a wealthy area in central London.
This street is predominantly lined with terraced houses and features a curved crescent shape, hence its name Grosvenor Crescent. It was developed by the Grosvenor family, British real estate magnates, during the 19th century when they built Belgravia.
It’s worth mentioning that numbers 1-10 on this street were built in 1836 and are designated as Grade-II listed buildings by the British government!
Living here really gives you a feeling of residing in a historical landmark, filled with rich cultural heritage. Additionally, the Belgian Embassy, established in 1860, is also located on Grosvenor Crescent.
5. When purchasing a luxury property, what should you pay attention to?
Great question! Opportunities in life are unpredictable. You never know when you might have the chance to live next door to Prince William and David Beckham, right?
Luxury homes represent not only lavish living environments, but are also symbols of vastly different social circles. Property prices not only signify the value of the buildings themselves, but also encompass the hidden wealth and social connections that come with owning such properties.
When purchasing a luxury home, you can choose a suitable property based on your specific needs. Of course, remember not to forget to pay the corresponding taxes and fees!
If you’re unsure about anything, contact TB Accounts for more advice.
