Why London is streets ahead for the wealthy property buyer

Withinlee Road in Macclesfield, Cheshire, was the only street outside southern England to make the top 50, coming in 48th with homes at almost £1.9million.

Spicers Field in Oxshott, Surrey, has the highest average price outside London, with homes typically costing £3.5million, and coming 19th on the list. The most expensive street in Wales is ­Gannock Park in Conwy, with an average house price of £655,000.

Lloyds used Land Registry house sales figures. Nitesh Patel, an economist at the bank, said: “Kensington and Chelsea has long had a global appeal and in recent years the area has attracted ultra-wealthy foreign buyers.

“Across most regions, the most expensive streets are tightly clustered within the same area.”

In Yorkshire and the Humber expensive homes are concentrated between Harrogate, Wetherby and north Leeds while Cambridge was the high spot for East Anglia prices.

In the South-west, most of the dearest addresses were found along the South coast – with five of the area’s 10 most expensive streets in Poole, Dorset.